374Water Inc (NASDAQ:SCWO) has announced a Waste Destruction Services (WDS) collaboration agreement with Crystal Clean, which will focus on the eradication of PFAS (forever chemicals).
The provider of organic waste destruction technology and services said it will establish a full-service WDS operation to unlock significant revenue opportunities across municipal, federal, and industrial market verticals.
“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," 374Water CEO Chris Gannon said in a statement.
“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.”
374Water noted the agreement will allow it to actively pursue large federal destruction contracts for Aqueous Film-Forming Foam (AFFF), granular activated carbon (GAC), ion exchange resin (EX), and other PFAS contaminated wastes.
The company added that 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.
As well, 374Water said it may install a second AirSCWO 6 system in 2026 to meet increased client demand.
The company also intends to 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.
Crystal Clean is a provider of environmental and waste management solutions to commercial, industrial, and government end-markets.