Tue 16 Mar 93 9:02 By: Helen Fleischer Re: Crab Waste This was tucked away in a corner of the Washington Post Business section a little while ago. I seem to remember some discussion of various uses of crab waste, so I thought it might be of interest. NEW EARTH SERVICES INC. of Cambridge , Md., has found a way to turn leftover shell parts and other waste from Chesapeak e blue crabs into an organic fertilizer that eliminates the major problem of seafood-based fertilizers-the odor . The c ompany's president, Pat Condon, 43 , a former Chicago options trader, said he grew weary of his high-pressure job and d ecided to try something new. Condon said his fledgling company has found the right blend of oxygen and wood chips that takes the odor out of thousands of tons of crab "chum." Before the process is completed, however, there's enough odor t o knock you down, Condon said. The effort is one of several in which Maryland entrepreneurs are turning waste into busi ness opportunities with help from University of Maryland research funds and technical advice. In another case, Kanan As sociates Inc. of Columbia transforms rubber from old tires into a component for noise barriers next to highways and air ports. Pedro Albrecht , professor of civil engineering at College Park, helped with the project . * Origin: Three Mausketeers (1:109/172)