2024-04-09 07:31:31 ET
Summary
- Perma-Fix has developed a revolutionary treatment process to eliminate PFAS compounds, presenting a significant opportunity for the company.
- The company plans to construct three PFAS treatment plants in the US, targeting various potential markets.
- PESI's PFAS solution could compete with the incineration process and the separation process, expanding its total addressable market.
- Perma-Fix seems primed to grow its European business, which is a greenfield opportunity.
- The Hanford vitrification plant is still on track to become operational in early 2025, meaning PESI should begin a lucrative secondary waste contract soon after.
About three months ago, I wrote an update article on Perma-Fix (PESI), a company I have been following and writing about on Seeking Alpha for some time. Since then, the stock is up well over 40%. While every optimistic future opportunity I shared for the company is still on the table-and I will update on each of those below-a new, larger opportunity has since presented itself. One that the company, according to a recent press release , believes "marks potentially the single largest achievement in the history of the Company " (emphasis mine).
As you can see from the press release, as well as from the prepared remarks and Q&A on the recent 4Q23 earnings call , PESI's management team believes they have developed a revolutionary, proprietary treatment process whereby they "virtually eliminate PFAS compounds (minimum of 99.9999% destruction) and reduce the environmental liability associated with these materials." According to the company, "the process is effective and can be applied to a variety of potential markets, including liquids, solids, soils, biosolids, and sludges." In other words, PESI's treatment process should work on virtually all environmentally polluted areas....
Read the full article on Seeking Alpha
For further details see:
Perma-Fix Has Multiple Opportunities To Succeed