Entrepreneurs Launch Altiras Industrial Services to Recover Value from Industrial Waste Streams
Monday, December 6, 2010
Houston TX – Altiras Industrial Services announced its launch today to recover value from waste streams and off-spec materials. The company will focus on making beneficial use of chemical and fuel co-products and byproducts, as well as used chemicals and surplus and off-specification materials. Entrepreneurs Todd Pencarinha, Steven Marshall, and Lloyd Ruth founded the company and will serve on its board of directors.
“Altiras Industrial Services’ vision is to become the market leader in beneficial use solutions for companies in the manufacturing sectors, primarily chemical manufacturing and fuel refining.” According to Steven Marshall, Chief Executive Officer of Altiras Industrial Services. The company will be headquartered in Houston, Texas and plans to develop regional sales and marketing offices throughout the United States.
“The chemical and manufacturing industries produce massive volumes of industrial waste every year. Although these volumes are small compared to primary products made, industrial waste disposal volumes in the United States are between 100 and 800 billion pounds per year, based on 1997 data, and growing. Much of this volume is usable product that is currently being disposed.” said Todd Pencarinha, President of Altiras Industrial Services.
Mr. Pencarinha holds a B.S. in Chemical Engineering and an M.B.A. and will be responsible for business and market development. Mr. Pencarinha has spent his entire career in the chemical industry, and has focused specifically on beneficial use of waste chemicals and fuels since 2003. Mr. Marshall holds a B.S. in Electrical Engineering and has successfully started and grown several entrepreneurial companies, most recently Chasm Industries – a large electronics recycling company. Mr. Marshall will be responsible for business strategy, financial and investor management and corporate governance. Mr. Ruth will serve as Chairman of the Board of Altiras.
Altiras is a beneficial use company in the chemical and fuels marketplaces, headquartered in Houston, Texas, that finds value in chemicals and fuels that might otherwise be disposed. Altiras provides innovative chemical and fuel solutions for customers throughout the world by providing quality-assured products to help our customers maintain product quality at significant savings to traditional prime product purchases. For more information, please visit: www.altiras.com.
For additional information please contact:
Steven Marshall, Chief Executive Officer
T: (713) 568-3651