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Montrose Environmental Group-Backed TreaTech Installs First Circular Waste Treatment Unit

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Montrose Environmental Group (NYSE: MEG) announced that TreaTech, a Montrose-backed waste treatment technology company, has installed its first circular waste treatment unit, VISTA, at Ecorecyclage's site in Switzerland. VISTA uses catalytic hydrothermal gasification to convert various waste streams into renewable gas, which can be directly injected into the natural gas network. The unit is expected to process up to 200kg of waste per hour, operating 24/7.

This installation marks a significant step in sustainable waste management and renewable energy production. Montrose aims to bring TreaTech's technology to the U.S. in 2025, targeting various sectors including food and beverage, agriculture, municipal waste, and chemicals. The technology offers an alternative to traditional incineration, reducing CO2 emissions and recovering valuable resources from waste.

Montrose Environmental Group (NYSE: MEG) ha annunciato che TreaTech, un'azienda di tecnologie per il trattamento dei rifiuti supportata da Montrose, ha installato la sua prima unità di trattamento dei rifiuti circolare, VISTA, presso il sito di Ecorecyclage in Svizzera. VISTA utilizza la gassificazione idrotermale catalitica per convertire vari flussi di rifiuti in gas rinnovabile, che può essere direttamente immesso nella rete di gas naturale. Si prevede che l'unità tratti fino a 200 kg di rifiuti all'ora, operando 24 ore su 24, 7 giorni su 7.

Questa installazione rappresenta un passo significativo nella gestione sostenibile dei rifiuti e nella produzione di energia rinnovabile. Montrose punta a portare la tecnologia di TreaTech negli Stati Uniti nel 2025, mirando a vari settori tra cui alimenti e bevande, agricoltura, rifiuti municipali e chimici. La tecnologia offre un'alternativa all'incenerimento tradizionale, riducendo le emissioni di CO2 e recuperando risorse preziose dai rifiuti.

Montrose Environmental Group (NYSE: MEG) anunció que TreaTech, una empresa de tecnología de tratamiento de residuos respaldada por Montrose, ha instalado su primera unidad de tratamiento de residuos circular, VISTA, en el sitio de Ecorecyclage en Suiza. VISTA utiliza gasificación hidrotermal catalítica para convertir varios flujos de residuos en gas renovable, que puede ser inyectado directamente en la red de gas natural. Se espera que la unidad procese hasta 200 kg de residuos por hora, operando las 24 horas del día, los 7 días de la semana.

Esta instalación marca un paso significativo en la gestión sostenible de residuos y la producción de energía renovable. Montrose tiene como objetivo llevar la tecnología de TreaTech a EE. UU. en 2025, enfocándose en varios sectores, incluyendo alimentos y bebidas, agricultura, residuos municipales y química. La tecnología ofrece una alternativa a la incineración tradicional, reduciendo las emisiones de CO2 y recuperando recursos valiosos de los residuos.

Montrose Environmental Group (NYSE: MEG)는 Montrose가 지원하는 폐기물 처리 기술 회사인 TreaTech가 스위스 Ecorecyclage 사이트에 첫 번째 순환 폐기물 처리 장치 VISTA를 설치했다고 발표했습니다. VISTA는 촉매 열수 기화 기술을 사용하여 다양한 폐기물 흐름을 재생 가능한 가스로 전환하며, 이는 자연가스 네트워크에 직접 주입될 수 있습니다. 이 장치는 시간당 최대 200kg의 폐기물을 처리할 예정이며, 24시간 연중무휴로 운영됩니다.

이번 설치는 지속 가능한 폐기물 관리 및 재생 에너지 생산에서 중요한 단계를 의미합니다. Montrose는 2025년까지 TreaTech의 기술을 미국에 도입할 계획이며, 식음료, 농업, 도시 폐기물 및 화학 산업을 포함한 다양한 분야를 목표로 하고 있습니다. 이 기술은 전통적인 소각에 대한 대안을 제공하며, CO2 배출을 줄이고 폐기물에서 귀중한 자원을 회수합니다.

Montrose Environmental Group (NYSE: MEG) a annoncé que TreaTech, une entreprise de technologie de traitement des déchets soutenue par Montrose, a installé sa première unité de traitement des déchets circulaire, VISTA, sur le site d'Ecorecyclage en Suisse. VISTA utilise la gazéification hydrothermale catalytique pour convertir divers flux de déchets en gaz renouvelable, qui peut être directement injecté dans le réseau de gaz naturel. L'unité devrait traiter jusqu'à 200 kg de déchets par heure, fonctionnant 24 heures sur 24, 7 jours sur 7.

Cette installation marque une étape significative dans la gestion durable des déchets et la production d'énergie renouvelable. Montrose vise à introduire la technologie de TreaTech aux États-Unis en 2025, en ciblant divers secteurs, y compris l'alimentation et les boissons, l'agriculture, les déchets municipaux et la chimie. La technologie offre une alternative à l'incinération traditionnelle, réduisant les émissions de CO2 et récupérant des ressources précieuses à partir des déchets.

Montrose Environmental Group (NYSE: MEG) hat bekannt gegeben, dass TreaTech, ein von Montrose unterstütztes Unternehmen für Abfallbehandlungstechnologie, seine erste kreisförmige Abfallbehandlungsanlage, VISTA, am Standort von Ecorecyclage in der Schweiz installiert hat. VISTA nutzt katalytische hydrothermale Vergasung, um verschiedene Abfallströme in erneuerbares Gas umzuwandeln, das direkt ins Erdgasnetz eingespeist werden kann. Es wird erwartet, dass die Anlage bis zu 200 kg Abfall pro Stunde verarbeitet und rund um die Uhr betrieben wird.

Diese Installation stellt einen bedeutenden Schritt in der nachhaltigen Abfallwirtschaft und der Produktion erneuerbarer Energien dar. Montrose hat das Ziel, die Technologie von TreaTech im Jahr 2025 in die USA zu bringen und richtet sich an verschiedene Sektoren, darunter Lebensmittel und Getränke, Landwirtschaft, kommunale Abfälle und Chemikalien. Die Technologie bietet eine Alternative zur traditionellen Verbrennung, reduziert CO2-Emissionen und recycelt wertvolle Ressourcen aus Abfall.

Positive
  • Installation of first VISTA unit, demonstrating commercial viability
  • Potential for continuous waste treatment at 200kg per hour
  • Conversion of multiple waste types into renewable gas
  • Plans to introduce technology to U.S. market in 2025
  • Addresses growing global demand for sustainable waste-to-energy solutions
Negative
  • None.

Insights

The installation of TreaTech's first VISTA unit marks a significant milestone in circular waste management. This technology's ability to convert diverse waste streams into renewable gas addresses two critical environmental challenges: waste reduction and clean energy production. The 24/7 operational capacity and 200kg/hour processing rate indicate substantial scalability potential.

The partnership with Holdigaz Group for immediate gas network injection demonstrates real-world applicability and market readiness. This could lead to faster adoption in the renewable energy sector. However, the true test will be in consistent performance and economic viability over time. Investors should monitor the unit's efficiency and output quality in the coming months.

TreaTech's technology represents a disruptive innovation in the waste-to-energy market. By offering an alternative to traditional incineration, it addresses the growing demand for sustainable energy solutions while mitigating CO2 emissions. The ability to process a wide range of feedstocks, including those unsuitable for anaerobic digestion, significantly expands the potential market.

The planned expansion to the U.S. market in 2025 could be a major growth driver for Montrose, given the country's vast waste management needs. However, investors should be cautious about potential regulatory hurdles and competition from established waste management companies. The success of this Swiss installation will be important in building credibility for future expansions.

While specific financial figures are not provided, this development has positive implications for Montrose Environmental Group (NYSE: MEG). The successful installation of TreaTech's VISTA unit could lead to increased revenue streams through technology licensing or direct waste management services. The potential for global expansion, particularly into the U.S. market, suggests significant growth opportunities.

However, investors should consider the capital expenditure required for scaling this technology and the time frame for profitability. The waste-to-energy market is competitive and success will depend on TreaTech's ability to deliver cost-effective solutions. Long-term contracts with municipalities and industrial clients will be key indicators of financial stability and growth potential for this segment of Montrose's business.

LITTLE ROCK, Ark. & LONAY, Switzerland, Aug. 20, 2024 /PRNewswire/ -- Montrose Environmental Group, Inc. ("Montrose" or "the Company") (NYSE: MEG), a high-growth global environmental solutions company, today shared that TreaTech, a Montrose-backed waste treatment technology, has installed its first circular waste treatment unit, VISTA, at Ecorecyclage's treatment site in Lavigny, Switzerland.

TreaTech has brought innovative technology to market that uses catalytic hydrothermal gasification to convert a broad range of waste streams into reusable resources, such as methane-rich renewable gas, in a circular and cost-efficient manner. VISTA will convert multiple types of industrial, agricultural and municipal waste streams into renewable gas that can immediately be injected into the natural gas distribution network of EcoRecyclage's parent company, Holdigaz Group, a major player in the Swiss energy and building sectors. It is expected to validate TreaTech's ability to continuously treat organic waste 24-hours a day at a waste management facility at up to 200kg of waste per hour.

Vijay Manthripragada, President & CEO of Montrose Environmental Group and TreaTech Board Member, said: "We are thrilled with the progress made by the TreaTech team. Montrose is focused on helping communities convert waste into valuable resources and we believe the TreaTech technology and team are among the most innovative and compelling. We don't want waste to be wasted. Our hope is to further energy access and community development in a more environmentally sustainable way. We are excited and grateful for the deepening partnership between TreaTech and HoldiGaz. As the TreaTech technology is further validated, we believe there will be many future opportunities to support communities with waste reuse around the world."

With population growth and economic development placing increasing pressure on existing waste disposal processes, the need for sustainable waste-to-energy solutions that extract the maximum value from all waste streams has never been greater. Countries across the globe are striving for energy independence and seeking to invest in waste treatment solutions, like TreaTech, to create local and sustainable supplies of renewable gas. TreaTech's technologies offer an alternative to traditional incineration used to dispose of waste that releases a considerable amount of CO2 into the atmosphere and doesn't recover water.

Jacob Stern, Vice President of RNG at Montrose Environmental Group, added: "Renewable energy has historically been limited to select feedstocks. We are excited to leverage TreaTech's technology to solve the problem of energy recovery from feedstocks that aren't suitable for anaerobic digestion."

Montrose plans to bring TreaTech's technology to the U.S. in 2025 for application with waste streams across the food and beverage, agricultural and livestock, municipal waste and chemical sectors.

About Montrose

Montrose is a leading environmental solutions company focused on supporting commercial and government organizations as they deal with the challenges of today and prepare for what's coming tomorrow. With ~3200 employees across 100+ locations worldwide, Montrose combines deep local knowledge with an integrated approach to design, engineering, and operations, enabling Montrose to respond effectively and efficiently to the unique requirements of each project. From comprehensive air measurement and laboratory services to regulatory compliance, emergency response, permitting, engineering, and remediation, Montrose delivers innovative and practical solutions that keep its clients on top of their immediate needs – and well ahead of the strategic curve. For more information, visit www.montrose-env.com.

About TreaTech:

TreaTech is a Swiss engineering company that has developed innovative technology that treats multiple waste streams in a sustainable and cost-efficient manner. In 2023, the company raised CHF 9 million from its Series A funding round to support the development of its circular waste treatment solutions. TreaTech's technology is designed to harness the power of the circular economy, mitigate climate change, and support the global energy transition towards renewable gases, by capturing valuable products that are usually excluded from traditional wastewater treatment solutions. For further information, please visit the website and LinkedIn page.

Forward‐Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of words such as "intend," "expect", and "may", and other similar expressions that predict or indicate future events or that are not statements of historical matters. Forward-looking statements are based on current information available at the time the statements are made and on management's reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company's control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. Additional factors or events that could cause actual results to differ may also emerge from time to time, and it is not possible for the Company to predict all of them. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law. Investors are referred to the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2023, for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement.

Contacts

Montrose
Investor Relations:
Adrianne Griffin
(949) 988-3383
ir@montrose-env.com

Media Relations:
Sarah Kaiser
(225) 955-1702
pr@montrose-env.com

 

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SOURCE Montrose Environmental Group, Inc.

FAQ

What is TreaTech's VISTA technology and how does it work?

TreaTech's VISTA technology uses catalytic hydrothermal gasification to convert various waste streams into renewable gas. It can process industrial, agricultural, and municipal waste, turning it into methane-rich gas that can be injected directly into natural gas networks.

Where has the first VISTA unit been installed by Montrose Environmental Group (MEG)?

The first VISTA unit has been installed at Ecorecyclage's treatment site in Lavigny, Switzerland, as announced by Montrose Environmental Group (NYSE: MEG) on August 20, 2024.

What is the processing capacity of TreaTech's VISTA unit?

The VISTA unit is expected to process up to 200kg of waste per hour, operating continuously 24 hours a day at the waste management facility.

When does Montrose Environmental Group (MEG) plan to introduce TreaTech's technology to the U.S. market?

Montrose Environmental Group (NYSE: MEG) plans to bring TreaTech's technology to the U.S. market in 2025, targeting various sectors including food and beverage, agriculture, municipal waste, and chemicals.

Montrose Environmental Group, Inc.

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