Environmental Cleanup Big Business for Lansco

Article excerpt

Environmentally grounded companies like Landry Service Co., also known as Lansco, have taken off in recent years with government and public cries for a cleaner world.

Government regulations have paved the road to survival for many environmental services companies by creating more stringent cleanup, pollution prevention and reporting measures.

Times ahead look rosy, too. New regulations are expected throughout the 1990s.

The oil industry has been one of the main targets of environmental measures, spanning the gamut of the business from upstream operations in exploration and to downstream operations in production to refining and marketing.

Lansco, based in Houston with offices in San Francisco and Philadelphia, has a patented oil tank cleaning process used to clean and process the sludge that builds up in the bottom of oil storage tanks. Through the process, about 98 percent of the oil is reclaimed, which also means that disposal waste is reduced up to 95 percent.

"The market is growing much faster than we can keep up," said Ken Landry, president of Lansco and co-founder with his father, Chuck, who is chairman.

"The company has grown to a size now. . .that we expect to grow very, very rapidly for the next five to 10 years, but only at a pace that we can maintain quality."

Since its inception in 1985, Lansco's business has doubled annually, according to Landry. The privately owned company began with six employees and now has between 90 and 100, he said.

Work is logged well into the first part of 1991, he said, and plans call for a "couple of international offices" to be opened next year.

"We're looking at a lot of stuff outside of the U.S. - Holland, France, Australia," Landry said. …