374Water Inc (NASDAQ:SCWO) Interim CEO Steve Jones talked with Proactive about the company’s progress using its AirSCWO technology to destroy PFAS and other complex waste streams. Jones, who joined as interim CEO after serving on the board since April, brings experience from his time at Air Products & Chemicals and Covanta.
“We've been able to destroy them down to non-detectable levels... these results are what we expected from our AirSCWO technology," Jones said.
Jones emphasized the commercial opportunity in the waste treatment market, estimated to be worth between $400 billion and $500 billion globally.
Jones outlined recent projects, including the destruction of PFAS and other hazardous materials in partnership with the Defense Innovation Unit at a Clean Earth facility in Detroit. He also mentioned ongoing AFFF foam destruction work in Orlando and preparation for a major deployment in Orange County, California. The company is also planning to announce another commercial win soon.
In terms of corporate strategy, Jones highlighted a focus on throughput improvements and targeting high-return market opportunities. He also discussed the recent proxy filing regarding a potential reverse stock split to retain Nasdaq listing requirements and broaden investor access.