This clean tech player is set to list with thermal plasma that can destroy harmful PFAS chemicals

Special Report: Cleantech player Synergen Met is gearing up to list next month with its unique thermal plasma technology that can break down harmful per- and poly-fluoroalkyl substances (PFAS) in the environment.

PFAS is a molecule invented in the 1950s for use in airfield firefighting foam around the world, but since then it has been found to contaminate soil, groundwater and even concrete.

“In Australia, weekly firefighting training is carried out at airfields across the country. This requires the use of a foam additive that previously contained PFAS,” the managing director and Synergen Met (ASX: SH2) CEO, Christopher Dunks.

“So since the 1960s, we let the foam flow from an airfield into the grass and into the ground, and then it migrates to a water table.

“It’s also in the sewage – or leachate – in every landfill, and in every sewage treatment plant and it builds up over time and the contamination gets stronger and stronger.

A Way to Destroy the ‘Chemical Forever’

PFAS has been dubbed the “eternal chemical” because no one has been able to destroy it effectively – until now.

For the past 15 years, Synergen Met has worked with the University of Queensland’s Department of Chemical Engineering on the development of innovative thermal plasma technology for chemical treatment and waste treatment with positive results in the treatment cyanide, acetylene and hydrogen production, soot processing and hazardous chemicals. destruction. This work has been recognized by the receipt of major awards from the Institution of Chemical Engineers UK and the Institution of Engineers, Australia.

“Through this work, we have created a process that properly destroys the PFAS molecule for the first time,” Dunks says.

“We have invented processes for liquids like water, leachate, wastewater or groundwater where we concentrate this PFAS, which can be at a concentration as low as 150 parts per trillion (ppt) up to 150 parts per billion (ppb).

“We concentrate that up to 1,000 times, then put it through our plasma system which breaks down the PFAS molecule, and then we turn it into a safe product called calcium fluoride – which is what’s in your toothpaste. “

The company plans to list in early July with a $25 million IPO at $0.20.

The market opportunities are “enormous”

The U.S. Biden-Harris administration unveiled a plan to tackle PFAS water pollution this week, with the Environmental Protection Agency (EPA) making $1 billion in grants available through of President Biden’s bipartisan Infrastructure Act to help communities on the front lines of PFAS contamination.

This is the first $5 billion in legislation that can be used to reduce PFAS in drinking water for communities facing disproportionate impacts, through actions such as technical assistance, testing water quality, training of contractors, and installation of centralized treatment technologies and systems.

This presents a huge market opportunity for Synergen Met, Dunks said, not to mention that the company’s technology is transportable and therefore can be transported to different contaminated sites.

“The Biden-Harris strategy supports the EPA’s roadmap of basically eliminating PFAS at the source, which is really smart,” he said.

“In Australia it’s government councils and agencies that are held accountable and have to pay for everything, whereas in the US the government is going after the chemical companies who invented this in the first place.

“And because our technology is so unique – nobody does what we do – the market opportunity for us is huge.”

An added benefit is that the technology can also be used in decarbonization, with its ability to produce green hydrogen by splitting methane (natural gas).

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This article was developed in conjunction with Synergen Met, a Stockhead advertiser at the time of publication.
This article does not constitute advice on financial products. You should consider obtaining independent advice before making any financial decisions.

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