PESI - Perma-Fix Joint Venture Receives Notice of Intent to Award European Waste Treatment Contract Valued at up to EUR 50 Million | Benzinga
ATLANTA, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) (the "Company") today announced it has been notified by the European Commission (EC) of its intent to award a joint venture of which the Company and Campoverde Srl are 50/50 partners, a multi-year contract, valued at up to EUR 50 million, for the treatment of radioactive waste from the Joint Research Center (JRC) in Ispra, Italy. Finalization of this award is subject to execution of a contract by the parties and, until executed, may be withdrawn by the contracting authority.
Mark Duff, Chief Executive Officer, stated, "We are honored that the European Commission has selected the Company's joint venture with Campoverde Srl to support its radioactive waste cleanup mission. This selection follows an extensive evaluation, and I am pleased to report that we met or exceeded all the requirements for this important project. Moreover, we view this project as an entrée to expand our offering within Europe, and look forward to providing comprehensive, safe and environmentally compliant solutions in this important market."
The Company also provided an update on the Test Bed Initiative for offsite treatment and disposal of Hanford Low Activity Waste (LAW). Mr. Duff further noted, "The United States Environmental Protection Agency (EPA) today released a proposal to grant a treatability variance from the Land Disposal Restrictions (LDR) treatment standards for the U.S. Department of Energy (DOE) for approximately 2,000 gallons of mixed low-activity waste from the Hanford Site in ...