Timeline Asset Services Ltd.

Timeline Asset Services to auction mobile soil remediation system


Source: Timeline Asset Services Ltd.

The asset for sale is a field tested mobile soil remediation plant designed to process and neutralize hydrocarbon contaminated soils on site. It was built in 2005 by Enviro-Klean Remediation Group Inc. and the equipment is currently on location in Burnaby, British Columbia, Canada.

This plant can be considered 'as new' and has been operated for demonstration purposes, performance ratings and regulatory testing only.

Timeline Asset Services Ltd. (TAS) has been engaged by the Secured Lender to execute a sale of this equipment in compliance with the Personal Property Security Act (BC). This Act requires that certain procedures be followed in the execution of this sale and also allows for specific redemption rights by Enviro-Klean Remediation Group Inc.--the Borrower.

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