“Tip of the iceberg”: SciDev inks first EU deal to treat PFAS contamination

The Market Herald
2024-11-20

SciDev (ASX:SDV) has announced its entry into the European market with its tech in a bid to remove PFAS from water.

PFAS refers to a class of chemicals often colloquially referred to as ‘forever chemicals’ given they persist in the environment – and human body – on multi-generational timescales (where soils and aqueous environments are concerned.)

They’ve historically been used en-masse in firefighting foam typically used at airports for large-scale burns but also in non-stick pans and, well, just about everything else.

Enter SciDev. The company is ultimately trying to come up with a solution that removes PFAS from targeted water sources post-treatment – which makes its value proposition obvious.

So now, SciDev has inked a deal with Sweden’s Hydro Solutions for a “containerised PFAS treatment system” to remediate a contaminated landfill site in the northeast of the country.

The contract is worth nearly half a mill for SDV – A$475K – and the company noted the “potential” of a multi-phase project on Wednesday.

“Securing our first commercial order for PFAS remediation in Europe is a significant milestone and demonstrates the demand for our technologies and our capability to sell into new regions,” SciDev CEO Sean Halpin said.

“The market opportunity in Europe is large and rapidly growing, with more than 17,000 sites around Europe already confirmed for PFAS contamination and another 21,000 sites with suspected contamination.

“This is the tip of the iceberg.”

SDV last traded at 45.5cps.

Join the discussion: See what HotCopper users are saying about SciDev and be part of the conversations that move the markets.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10