Agreement to Serve as a Model for Future Collaborations to Create a National Network of TSDF Partnerships
374Water Inc., a global leader in organic waste destruction technology and services for the municipal, federal, and industrial markets, today announced a Waste Destruction Services (“WDS”) collaboration agreement focused on PFAS eradication with Crystal Clean, a leading provider of environmental and waste management solutions to commercial, industrial, and government end-markets.
374Water will establish a full-service WDS operation to unlock significant revenue opportunities across municipal, federal, and industrial market verticals. Operations at one of Crystal Clean’s facilities will include its proprietary AirSCWO technology, pre- and post-treatment systems, and ancillary equipment. This agreement will allow 374Water to actively pursue large federal destruction contracts for Aqueous Film-Forming Foam (“AFFF”), granular activated carbon (“GAC”), ion exchange resin (“IEX”), and other PFAS contaminated wastes. 374Water will also pursue large municipal and industrial PFAS waste destruction contracts which are ideal for this facility. In addition, Crystal Clean and 374Water will actively market AirSCWO WDS to existing customers, who approve of the technology, and thereby secure additional waste streams for destruction.
During 2025, 374Water intends to establish its WDS operations focused on PFAS eradication, the WDS operations will initially utilize the AirSCWO 6 system, which has the potential, over time, to generate $3 million to $5 million in annual recurring revenue. 374Water may install a second AirSCWO 6 system in 2026 to meet increased client demand.
In addition, 374Water has begun to build its mobile AirSCWO fleet for onsite WDS for clients who prefer onsite destruction projects and operations. The company intends to build a fleet of mobile AirSCWO systems to meet specific customer needs.
“Crystal Clean is an ideal partner to enable our waste destruction services business to scale rapidly and support growing demand across a wide array of market verticals and waste streams,” said Chris Gannon, CEO of 374Water. “The combination of 374Water’s AirSCWO destruction technology and Crystal Clean’s experience collecting and concentrating PFAS waste streams unlocks significant potential revenue for both companies, including destruction contracts for Federal PFAS-contaminated waste streams. With Crystal Clean’s 25-plus years of experience as a leader in the environmental services market, we believe this partnership will empower us to unlock the massive PFAS waste destruction market.”
“At Crystal Clean, our vision is to protect the Earth’s resources by helping the business world run cleaner,” said Brian Recatto, President & CEO of Crystal Clean. “This partnership strengthens our position as a leader in the safe and effective removal of PFAS from the environment. By hosting 374Water’s super critical water oxidation system at one of our waste treatment facilities, we are bringing together proven PFAS destruction technology with our trusted operations to better support the evolving needs of government and industrial clients. This is a strategic move that builds upon our existing capabilities to concentrate PFAS waste, allowing for safe, efficient, and compliant destruction.”
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