2 of 5
Profiting from toxic waste
American Ecology has grown by grabbing a giant share of something almost nobody else wants to touch -- garbage. Not just any trash, but gooey oil-refinery sludge, contaminated Superfund mystery material and radioactive protective clothing.

Founded in 1952 to provide radioactive-waste removal, American Ecology (FSB 100 #11) has grown into an industry giant. "Our services are necessary in good times and bad," says CEO Steve Romano.

Although recycling options for hazardous waste are limited, American Ecology is seeking out innovative ways to generate business. Last year the company built a center in Robstown, Texas, that treats and recycles oil sludge from refineries and sells the reclaimed oil. American Ecology's success there has Romano looking for ways to expand his company's recycling efforts.

"We're very excited about it," Romano says. "We believe there is a substantial market for reclaimed oil - and also for metals recycled from refineries."

Read more about how American Ecology cleans up on environmental disasters.

NEXT: A lifesaving breakthrough -- but a hard sell

Email | Print | Share  |  RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
LAST UPDATE: Jul 06 2009 | 9:44 AM ET
Sponsored by
5 small stocks ready to soar The FSB 100 is filled with fast growers, but money managers picked these 5 small-caps as stocks with especially bright prospects. More
FSB 100: The full list Meet the No. 1 fastest growing company ... More
Where are they now? We check back in with several of last year's FSB 100 companies to find out if their torrid growth has continued. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2015. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.