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.
