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Investing.com -- 374Water Inc (NASDAQ:SCWO) stock surged 7% Tuesday after the waste destruction technology company announced a $4 million agreement with the City of Olathe, Kansas.
The deal involves the sale and deployment of an AirSCWO 6 system along with a full-scale 30 wet tons per day pre-treatment and dewatering system. Olathe will utilize 374Water’s Supercritical Water Oxidation (SCWO) process at its wastewater treatment facility to evaluate its effectiveness as a sustainable alternative to traditional sludge management practices.
Under the terms of the agreement, valued at approximately $4 million over the next two years, Olathe will test the system’s capability to remove contaminants such as PFAS and other persistent organic pollutants from wastewater sludge. The city will deploy the system to treat various waste streams over a six-month period before determining whether to scale the technology at its facility.
"Partnering with 374Water allows Olathe to explore innovative sludge management strategies that prioritize sustainability and efficiency," said Sabrina Parker, City of Olathe Water and Sewer Manager.
Stephen Jones, Interim CEO of 374Water, described the project as "a critical step in evaluating AirSCWO technology as a scalable and environmentally responsible solution for municipal wastewater treatment."
The company, which specializes in organic waste destruction technology for industrial, municipal, and federal markets, positions this deployment as an opportunity to demonstrate the effectiveness of its SCWO technology in a municipal setting.
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