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Sparc Technologies (ASX:SPN) signs MOU with JBS&G for PFAS pilot plant

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ASX:SPN      MCAP $20.03M
07 June 2021 16:00 (AEST)
Sparc Technologies (ASX:SPN) - CEO, Mike Bartels

Source: PCI Magazine

Sparc Technologies (SPN) has entered a memorandum of understanding (MoU) with Australia-based environmental remediation company, JBS&G.

Sparc is focused on commercialising graphene-based technologies for large industrial markets for marine and protective coatings, environmental remediation and biomedical applications.

The agreement allows for Sparc’s proprietary graphene technologies to be tested for the adsorption of per- and polyfluoroalkyl substances (PFAS) following research and development at the University of Adelaide.

“It is very rewarding to now be transitioning from the laboratory to the field whereby we will look to further develop and optimise Sparc’s proprietary functionalised graphene adsorbent,” Sparc CEO Mike Bartels said.

Sparc and JBS&G will jointly develop a pilot plant for the adsorption of PFAS from contaminated water through graphene filtration.

PFAS are human-made chemicals that have been used in a variety of industries for items such as non-stick cookware, fabric, furniture, cosmetics, and food packaging.

Whilst it’s common to find trace levels of PFAS in a range of environments, elevated concentrations are being found in things like soil and drinking water which can be harmful to humans and the environment.

As a separate project, the companies will also test functionalised graphene for the adsorption and immobilisation of PFAS in soil.

“Sparc sees this MoU as a significant milestone which sets us on the path to undertake feasibility work and to commercialise our products.”

Sparc’s shares were up 3.7 per cent and were trading at 28 cents at 1:50 pm AEST.

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