Green Equity - November 7, 2024
News about stocks involved in environmental markets.
Green Equity is a daily series dedicated to tracking emerging investment opportunities in environmental markets. Notable events include green investments, fundraising, M&A, and new public listings.
News From Public Companies
Perma-Fix Environmental Services (PESI) has launched its first commercial Perma-FAS system for destroying PFAS, or "forever chemicals," at its Florida facility. This system, operational since October 28th, achieves over 99.99% PFAS breakdown by treating waste at a controlled low temperature and pressure. Capable of processing about 650 gallons of PFAS-containing materials per cycle, Perma-Fix aims to expand capacity, enhance efficiency, and deploy larger systems by mid-2025.
LiqTech International (LIQT) has formed a joint venture with Jiangsu Marine Equipment Co. (JiTRI) to supply membrane-based water treatment equipment for China’s marine market. The new entity will combine LiqTech’s filtration technology with JiTRI's local resources to meet the rising demand for water treatment in exhaust gas recirculation (EGR) systems on ships.
Pryme N.V. (PRYME) has started production at its Rotterdam facility, using its chemical recycling technology to convert 26,000 tons of plastic waste into pyrolysis oil yearly.
New Public Listings
DevvStream Holdings (DEVS) has completed a business combination with Focus Impact Acquisition Corporation, becoming the first carbon credit generation company to trade on a major U.S. stock exchange. The company also secured up to $43 million in additional capital to accelerate growth and support its mission to expand access to carbon markets.