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.
More top news
Find out how you can raise a concern about care or nursing homes
Adrian Masters and Owain Phillips present Monday's programme from Birmingham and Cardiff.
As the sun sets on September it looks like it's been the driest since records began, but a change is on the way for the start of October