Delta Mutual obtains project financing for oil sludge processing at Balongan

Pennsylvania-based waste management services company Delta Mutual Inc. said Tuesday it had obtained the needed financing for the equipment that will be used in the permanent oil sludge processing facility at Balongan refinery in West Java.

Delta said in a statement that the equipment is comprised of a centrifuge that separates the sludge into water and low-grade oil and also includes a gravity oil/water separator system. The unit is capable of processing approximately 8,000 tons of sludge per month.

According to Delta, preliminary analysis of the sludge has indicated that approximately 50 percent is recoverable as low-grade oil that can be currently sold at about $140 per ton.

??. Operations are planned to begin within eight weeks. Other cleaning and recovery activities for oil tanks will begin subsequent to the sludge processing. The initial term of the processing activity is for three years with automatic annual renewals,? Delta president Peter Russo commented. (Robert)