MORRISVILLE, N.C., Jan. 14, 2026 (GLOBE NEWSWIRE) -- 374Water Inc. (NASDAQ: SCWO) ("374Water" or the "Company"), a global leader in organic waste destruction technology and services for the industrial, municipal, and federal markets, today announced that it has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule, 5550(a)(2). Th ...

Core Viewpoint - Texas is set to implement a solution for the oil industry's wastewater issue, which poses its own environmental risks [1] Group 1: Regulatory Developments - State regulators are preparing to issue permits for four companies, including Texas Pacific Land Corp. and NGL Energy Partners LP, to release treated wastewater from the Permian Basin into the Pecos River, with potential approvals as early as Q1 2026 [2] - The Texas Commission on Environmental Quality (TCEQ) stated it will not permit discharges that threaten aquatic life, violate water quality standards, or endanger human health [8] Group 2: Wastewater Generation and Treatment - The Permian Basin generates 21 million barrels per day of wastewater, which contains salt, chemicals, and heavy metals, primarily disposed of by underground injection [3] - Proposed treatment plants aim to clean wastewater for surface discharge, potentially reducing underground disposal and providing water for irrigation and cooling [4][10] - The cost of treating wastewater is significantly higher than underground disposal, estimated at $2 to $3 per barrel compared to 65 cents to $1.50 for injection [13] Group 3: Industry Response and Innovations - Texas Pacific is pursuing a pilot project to treat 10,000 barrels a day, which could address environmental issues and create a new revenue stream [15] - Other major companies like Exxon Mobil, Chevron, and ConocoPhillips are also exploring wastewater treatment technologies to reduce salt content and repurpose the water for industrial and agricultural uses [20][21] Group 4: Agricultural and Industrial Applications - Treated wastewater could be utilized for agricultural purposes, with pilot projects testing its application on crops like alfalfa and cotton [24] - Data center developers are potential customers for treated wastewater, as it could be used for cooling equipment [23] Group 5: Public Perception and Environmental Concerns - There is skepticism regarding the safety of treated wastewater, with concerns about its impact on ecosystems and human health [27][28] - Environmental advocates emphasize the need for thorough testing before allowing treated wastewater to be discharged into rivers [28]

Project Overview - xAI Memphis broke ground on a wastewater treatment facility [1] - The facility will have a 13 million gallons per day (MGD) treatment capacity, approximately 20% of Maxson discharge [1] Facility Specifications - The facility will feature the largest ceramic membrane MBR (membrane bioreactor) in the world [1] - It will contain 13,000 membrane modules; stacked, they would exceed the height of four Empire State Buildings [1] - The ceramic membrane surface area will be 900,000 square feet, equivalent to 16 football fields [1] - The internal process piping will span 4 miles [1] - The membrane gallery (building) will be the largest in the world [1] - The membrane process building will be 600 feet long, accommodating two entire football fields [1]

Environmental History & Challenges - Chicago's industrialization in the 19th century led to severe pollution of the Chicago River with industrial waste, meat packing byproducts, and raw sewage, threatening the city's drinking water source, Lake Michigan [5][6] - In the 1890s, Chicago reversed the flow of the Chicago River by constructing the Chicago Sanitary and Ship Canal, diverting water westward towards the Mississippi River [7][8] - Chicago constructed a wastewater treatment system, considered one of the seven wonders of American engineering in 1955, but initially, the treated water was still unsuitable for most indigenous fish species [9][10] Ecological Redemption & Urban Development - By the mid-20th century, only 10 fish species survived in the Chicago River [11] - Mayor Richard J Daly aimed to enhance Chicago's reputation and envisioned a wild, sustainable salmon population in the Chicago River, even suggesting businessmen could fish during lunch breaks [12][18] - The Clean Water Act of 1972 led to improved water quality, and by 1982, Chicago stopped using chlorine in wastewater treatment, resulting in the return of fish species [23][24] Biodiversity & Future Outlook - Currently, 58 fish species inhabit the Chicago River, and other animals like river otters, beavers, deer, foxes, coyotes, and even bald eagles have returned to the area [24][25][26] - The industry emphasizes the importance of remembering past environmental mistakes while continuing to make conscious decisions to improve the ecological health of the environment for all species [27][28]

Core Viewpoint - Euro Tech Holdings Company Limited reported a decline in net income and revenues for Fiscal 2024, primarily due to decreased sales of high-value analytical instruments, while gross profits increased due to higher margins from Ballast Water Treatment Systems (BWTS) [2][3][4]. Financial Performance - The company had a net income of US$734,000 in Fiscal 2024, down from US$1,828,000 in Fiscal 2023, largely due to a one-time profit from the disposal of desulfurization treatment plants in the previous year [2]. - Revenues for Fiscal 2024 were US$15,383,000, representing a 14.3% decrease from US$17,940,000 in Fiscal 2023 [3]. - Gross profits increased by 15.4% to US$4,454,000 in Fiscal 2024 compared to approximately US$3,861,000 in Fiscal 2023 [4]. - Selling and administrative expenses slightly decreased by 0.9% to approximately US$4,067,000 in Fiscal 2024 [4]. Business Segments - The BWTS segment showed stable growth, while the Wastewater Treatment (WWT) business faced challenges due to declines in foreign investment in the industrial sector [5]. - The company sees potential in mobile port BWTS systems and shore-based water solutions, driven by increasing maritime traffic and stricter environmental regulations [6]. Market Context - The International Maritime Organization (IMO) mandates BWTS to prevent ecological imbalances caused by ballast water, with compliance requirements affecting vessels built after December 2013 [7]. - The company has obtained type approval for its BWTS in compliance with revised G8 requirements [8]. Selected Financial Data - As of December 31, 2024, cash and cash equivalents were US$5,805,000, total current assets were US$9,229,000, and total assets were US$20,708,000 [12]. - Total liabilities decreased to US$4,014,000 from US$5,640,000 in the previous year, while total shareholders' equity remained relatively stable at US$15,743,000 [12].