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Perma-Fix Environmental Services Provides Further Updates on Patent-Pending Process for Destruction of PFAS Compounds
Selects ProcessBarron for fabrication and assembly of the new commercial unit Commercial unit on track to begin accepting waste in the second half of 2024
About this update from Perma-fix Environmental Services, Inc.
[{"type":"text","content":"Selects ProcessBarron for fabrication and assembly of the new commercial unit Commercial unit on track to begin accepting waste in the second half of 2024 ATLANTA, June 12, 2024 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today provided an update on its patent-pending new process, Perma-FAS®, for the destruction of per- and polyfluoroalkyl substances (PFAS), including design specifications and the Company’s selection of ProcessBarron for the fabrication and assembly of its new Perma-FAS commercial unit. The system is a 1,000 gallon unit and is expected to be fully operational and accepting commercial waste for destruction by Q4 of this year. Mark Duff, President and CEO of Perma-Fix, commented, “We are making rapid progress on the design and fabrication of our first Perma-FAS commercial unit, which we expect to be operational later this year. Towards this end, we are delighted to partner with ProcessBarron, which brings decades of experience constructing custom-engineered industrial solutions. We believe their track record and efficiency on such projects lends itself well to our strict timelines and safety standards, given the tremendous demand we have witnessed since first announcing our new system. Our relationship with ProcessBarron leverages their decades of experience in the application of proven industrial innovations to enhance performance of our initial system, while providing access to their team of engineers for system optimization. Following startup at our first facility, this relationship provides the ability to deploy additional units at our other facilities with increased efficiency, while reducing delivery schedules to support accelerated treatment activities to address nationwide PFAS markets over the next few years.” Dr. Louis F. Centofanti, founder of the Company, Executive Vice President of Strategic Initiatives, and inventor of the technology, stated, “The latest regulatory and enforcement measures implemented by the U.S. Environmental Protection Agency (EPA), including the new CERCLA (Comprehensive Environmental Response, Compensation, and Liability Act) Enforcement Discretion Policy, has created a renewed sense of urgency for waste generators. Our process is unlike traditional disposal methods for PFAS-contaminated materials, such as deep well injection and land...