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Legacy Contamination Clean-up Projects
Another key growth driver for the environmental remediation market is the large number of legacy contamination clean-up projects underway. Past industrial activities and lack of environmental regulations had resulted in the widespread pollution of soil and groundwater resources at numerous locations. With enhanced scrutiny and community pressure, authorities are actively investigating and rehabilitating such contaminated sites. For example, in the U.S., programs like Superfund are focusing on remediation of abandoned hazardous waste sites which pose major health risks. Similarly, many developed nations in Europe have initiated brownfield redevelopment initiatives to convert abandoned industrial lands into usable real estate. Environmental consultants play a vital role in these extensive clean-up undertakings by conducting scientific assessments, outlining remediation strategies and seeing projects through to certification. Governments are allocating bigger budgets towards tackling legacy pollution issues. Large-scale remediation contracts provide continuous revenue streams for specialized service providers. Additionally, rising consciousness around tank cleaning, asbestos removal, and managing closed landfill sites has opened new growth avenues.
For instance, in March 2021, AECOM introduced its first large-scale field demonstration of DE-FLUORO, a pioneering treatment technology that economically and environmentally sustainably eliminates Per- and Polyfluoroalkyl Substances (PFAS) from contaminated liquids without generating hazardous waste.
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