Perma-Fix Announces New Therma-Fix Gen³, Third Generation Vacuum Thermal Desorption System to Treat Problematic Waste Stream...
June 18 2021 - 8:00AM
Perma-Fix Environmental Services, Inc. (NASDAQ:
PESI) (the “Company”) today announced that it has begun
development, design and construction of its new Therma-Fix Gen3,
third generation vacuum thermal desorption system. The new system
provides a unique and full treatment cycle for a variety of
problematic waste streams including mercury contaminated wastes;
soils, solids and sludges containing solvents (volatile and
semi-volatile); activated charcoal and spent carbon; industrial
pipeline naturally occurring radioactive material (NORM) waste; and
other challenging waste streams.
Therma-Fix Gen3 heats low level waste (LLW) and
mixed low-level waste (MLLW) to remove organics and recollects
organics and mercury as condensate. The vacuum allows lower
temperatures to facilitate removal. Remaining solids are tested for
Land Disposal Restrictions (LDR) compliance and condensate is
treated thermally. The electrically heated batch oven system has an
operating range of up to 1,400 °F and utilizes a tray system to
permit discreet segregation of customer waste. The methodology
supports processing of as little as one pound to 1,500 pounds per
batch, covering a wide range of waste matrix types and mitigates
concerns of cross contamination.
Therma-Fix
Gen3 Overview and
Capabilities:
- More effective and efficient waste treatment with superior heat
control
- Greater treatment capacity of up to 1,500 pounds per day
- Cleaner and safer solution that complies with the
U.S. Environmental Protection Agency (EPA) waste control
minimization program and minimizes landfill disposal footprint
- Batch tray system prevents cross contamination
- Cost-effective solution with higher capacity and lower
costs
Additional Thermal Treatment
Capabilities Currently Operating at Perma-Fix
facilities:
- Bulk Processing Unit
(BPU) - Large, refractory lined oven heated to 1,800°F,
sufficient to thermally break down all combustible material prior
to disposition and achieve a 100:1 volume reduction. Treats LLW
liquid/sludge/solids and produces a stable waste residue suitable
for disposal at all permitted disposal facilities.
- Boiler Industrial Furnace
(BIF) - Provides final destruction of organic contaminated
liquids for MLLW and LLW streams and volume reductions of up to
100:1.
Mark Duff, Chief Executive Officer, stated “We
are pleased to begin construction of our new third generation
ThermafixGen3 unit and look forward to launching the system in
October 2021. This first-in-kind system utilizes a unique vacuum
thermal desorption technology and represents an important milestone
for Perma-Fix as it expands the capacity of the system for a
variety of problematic waste streams. Drawing on Perma-Fix’s many
years of technological advancements and desorption-specific waste
processing experience, the ThermafixGen3 system provides more
efficient and cost-effective waste treatment for existing and
future clients. The advantage of the new technology is its ability
to separate customers’ waste with superior volume reduction
capability and greater treatment capacity, thereby providing a
cradle to grave solution.”
About Perma-Fix Environmental Services
Perma-Fix Environmental Services, Inc. is a
nuclear services company and leading provider of nuclear and mixed
waste management services. The Company's nuclear waste services
include management and treatment of radioactive and mixed waste for
hospitals, research labs and institutions, federal agencies,
including the U.S Department of Energy (“DOE”), the U.S Department
of Defense (“DOD”), and the commercial nuclear industry. The
Company’s nuclear services group provides project management, waste
management, environmental restoration, decontamination and
decommissioning, new build construction, and radiological
protection, safety and industrial hygiene capability to our
clients. The Company operates four nuclear waste treatment
facilities and provides nuclear services at DOE, DOD, and
commercial facilities, nationwide.
Please visit us at http://www.perma-fix.com.
This press release contains “forward-looking
statements” which are based largely on the Company's expectations
and are subject to various business risks and uncertainties,
certain of which are beyond the Company's control. Forward-looking
statements generally are identifiable by use of the words such as
“believe”, “expects”, “intends”, “anticipate”, “plan to”,
“estimates”, “projects”, and similar expressions. Forward-looking
statements include, but are not limited to: launching system in
October 2021. While the Company believes the expectations reflected
in this news release are reasonable, it can give no assurance such
expectations will prove to be correct. There are a variety of
factors which could cause future outcomes to differ materially from
those described in this release, including, without limitation,
future economic conditions; industry conditions; competitive
pressures; our ability to apply and market our new technologies;
the government or such other party to a contract granted to us
fails to abide by or comply with the contract or to deliver waste
as anticipated under the contract or terminates existing contracts;
Congress fails to provides funding for the DOD’s and DOE’s
remediation projects; inability to obtain new foreign and domestic
remediation contracts; impact of COVID-19; and the additional
factors referred to under “Risk Factors” and "Special Note
Regarding Forward-Looking Statements" of our 2020 Form 10-K and
Form 10-Q for quarter ended March 31, 2021. The Company makes no
commitment to disclose any revisions to forward-looking statements,
or any facts, events or circumstances after the date hereof that
bear upon forward-looking statements.
Please visit us on the World Wide Web at
http://www.perma-fix.com.
Contacts:David K. Waldman-US
Investor RelationsCrescendo Communications, LLC (212) 671-1021
Herbert Strauss-European Investor Relationsherbert@eu-ir.com+43
316 296 316
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