Aug. 11 at 3:12 PM
$PESI CC They noted they are already seeing
$2-3M in monthly backlog from Hanford’s Integrated Tank Disposition Contract (ITDC). This work is entirely separate from the secondary waste contract awarded exclusively to PESI that is reliant on the vitrification plant operations. Although the vit plant was supposed to begin operations on August 1 of this year, they have now pushed back that start date to October 15, 2025. However, PESI management indicated their belief that vit plant operations would begin before that based upon the current situation on the ground. Once those operations start, and before the plant ramps up to 100% capacity, PESI expects another
$2-3M per month of revenue from the secondary waste (that should eventually ramp up to around
$5-6M per month once the vit plan is operating at capacity).
