While most companies are familiar with the regulatory requirements that must be managed when opening or operating a commercial or industrial facility; the regulatory requirements which need to be met when closing a facility are less commonly known.
To reduce operating costs in a challenging economic environment, organizations may need to downsize, relocate, or
close facilities. There are significant environmental and risk management considerations associated with facility
closure and decommissioning, which are often overlooked. A few of these considerations include:
- Permits, Agreements and Final Reports
Permitting, recordkeeping and reporting requirements are integral to regulatory compliance at an active facility. These obligations do not automatically end when operations cease. Most permits and regulations include specific termination procedures that need to be followed as part of facility decommissioning.
- Management of Industrial Residuals
Chemicals, wastes and other industrial residuals that have been managed safely during normal operations can represent significant liability if left unattended. Equipment destined for sale or scrap that may contain potential hazardous materials will need appropriate management prior to disposal.
- State Specific Requirements
Several states, such as Connecticut, Indiana, New Jersey, Ohio and Vermont, and some local jurisdictions, have issued specific regulations on facility closures or sales. In addition to the compliance items discussed above, closure reports or other final submittals may be required.
- Facility Decommissioning and Site Remediation
Certain situations may require third‐party assistance with decommissioning of facility equipment, demolition of structures, mothballing a facility for long‐term vacancy, or remediation of historical releases.
WSP can prepare your company for the next step
Periods of business transition can be very demanding and full of important decisions. WSP Environment & Energy works with clients to manage compliance and minimize future liability, allowing them to focus their attention on core business issues. WSP's team of environmental compliance specialists, due diligence experts, and auditors has a proven track record of helping some of the world's leading manufacturers and their advisors during facility idling, closure or sale.
WSP offers project management and comprehensive remediation services, including Liability Transfer options, to minimize cost and maximize value. Our decommissioning experts can assist in developing and implementing strategies to better position inactive properties for redeployment or sale as opportunities arise.