Arq Applauds EPA's First-Ever Definitive PFAS Regulations

On April 10, 2024, the EPA issued its first-ever national, legally enforceable PFAS regulations, confirming stricter rules reducing permissible PFAS levels by more than 90%

Changes are focused on reducing PFAS contamination in U.S. drinking water, protecting public health and improving environmental integrity

Regulations are expected to drive even stronger near and long-term demand for Arq's solutions, including its unique waste-derived Granular Activated Carbon ("GAC")

GREENWOOD VILLAGE, Colo., April 11, 2024 (GLOBE NEWSWIRE) --  Arq, Inc. (NASDAQ: ARQ) (the "Company" or "Arq"), a producer of activated carbon and other environmentally efficient carbon products for use in purification and sustainable materials, today recognizes the announcement issued on April 10, 2024 by the Environmental Protection Agency ("EPA") confirming its latest regulations aimed to address contamination by certain per- and poly-fluorinated alkyl substances ("PFAS" or "Forever Chemicals") in drinking water.

"The topic of PFAS regulations has been well discussed. Yesterday's announcement by the EPA makes these regulations official. These regulations pave the way for even stronger demand for our products and solutions, and a cleaner future for all Americans," said Bob Rasmus, CEO of Arq. "EPA's announcement establishes materially higher standards for drinking water across the U.S., driving significant demand for effective remediation products such as Granulated Activated Carbon, while exacerbating the supply shortage already present in the GAC market. In fact, we estimate the implementation of EPA's announced regulations will drive a 3-5x or greater increase in GAC demand solely related to the water market over the coming years."

"We are excited and uniquely positioned to help potential customers meet the materially stricter U.S. regulations just announced," continued Mr. Rasmus. "Our team continues to execute efficiently on our strategic growth project - the construction of our expanded 25 million lb GAC facility at our Red River plant - which remains on schedule to conclude commissioning in Q4 2024. We remain in highly active discussions with potential customers and continue to anticipate entering into contracts for our GAC product well in advance of first production later this year."