The Welsh Government says it welcomes the new deal between Llangennech-based company Hydro Industries and US giants T&T Salvage and will 'continue to support them' in their venture.
The agreement is set to create 100 jobs in Wales.
I welcome this new venture involving two companies that between them have the potential to bring about real environmental benefits through mitigating the damaging effects of disasters, whether they be natural or man-made.
This agreement today will not only launch Hydro into the US emergency response arena – a truly significant market - but will also generate a good number of high quality jobs in Wales.
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A band of rain pushing in overnight, bringing with it the odd spot of coastal and hill fog, but things should improve by tomorrow.
Local authorities said the move is necessary to "avert the growing number of deaths and increasing harm linked to psychoactive substances".
Sunny and bright spells for most of us this afternoon, feeling pleasantly warm.