EQS-News: Wolftank Group awarded EUR 6 million environmental remediation contract

EQS-News: Wolftank Group awarded EUR 6 million environmental remediation contract

EQS-News: Wolftank-Adisa Holding AG / Key word(s): Incoming
Wolftank Group awarded EUR 6 million environmental remediation contract

28.05.2024 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Wolftank Group awarded EUR 6 million environmental remediation contract

Wolftank Group (Wolftank-Adisa Holding AG, ISIN: AT0000A25NJ6), a global
leader in environmental engineering and remediation, has been awarded a
significant renewal contract with Italiana Petroli SpA. Valued at
approximately EUR 6 million, this contract underscores Wolftank Group’s
commitment to sustainable environmental management and positions the
company at the forefront of environmental remediation services.

Under the terms of the agreement, Wolftank Group will provide a full range
of professional environmental engineering services and field activities at
Italiana Petroli’s fuel network sites. The contract includes consulting,
design, monitoring, control and verification of the environmental status
of these sites. It also covers direct and indirect environmental
investigations, safety assessments and potential remediation activities.
Planned activities comprise civil, electromechanical and hydraulic works
for the installation of facilities, demolition and waste management during
contract execution.  This holistic approach will ensure that the
environmental impact of the infrastructure is mitigated and the affected
soil is restored to its original healthy state.

The work will be carried out by Petroltecnica, the Italian subsidiary in
which Wolftank Group acquired a majority stake in autumn 2023. The company
specializes in environmental remediation, operates several recycling
facilities and has a strong market position in the oil and gas, chemical,
and manufacturing sectors in Italy. This contract further strengthens
Wolftank Group’s robust environmental services portfolio. With decades of
experience, Wolftank Group has demonstrated unparalleled expertise in
environmental consulting, remediation and emergency response. The Group
has successfully completed over 6,500 soil and groundwater remediation
projects, decommissioned over 1,000 obsolete gas stations, and remediated
over 2,000,000 square meters of contaminated land.

“We are very pleased to be working with Italiana Petroli again on this
important initiative,” said Peter Werth, CEO of Wolftank Group. “This
contract not only highlights our ability to deliver comprehensive
environmental solutions, but also reinforces our commitment to helping our
clients achieve sustainable development. Our approach is based on the
principles of the circular economy, ensuring that our waste management and
recycling processes contribute to a healthier environment.”

Wolftank Group’s environmental services are characterized by tailored,
cost-effective and reliable solutions that comply with regional, national
and international legislation. The Group’s extensive experience includes
more than 3,000 environmental consultations and due diligence
investigations, three recycling facilities with a capacity of more than
500,000 tons per year, and more than 1,300 environmental emergency
responses so far.


About Wolftank Group
Wolftank Group is a leading technology partner for energy and
environmental solutions operating worldwide. In the field of energy
mobility and logistics, the Group supports customers in more than 20
countries to implement projects in an efficient and environmentally
friendly way. For this, it develops and implements tomorrow’s technologies
to decarbonize transport and build the infrastructure for zero-emission
mobility – such as turnkey delivery of modular hydrogen and LNG refueling
facilities. In the area of environmental solutions, the offering includes
due diligences for environmental risks, customized services for soil and
groundwater remediation, as well as recycling. The group’s subsidiaries in
eight countries on three continents are managed by Wolftank-Adisa Holding
AG, based in Innsbruck, Austria. The share of Wolftank-Adisa Holding AG
(WKN: A2PBHR; ISIN: AT0000A25NJ6) is listed in the direct market plus
segment of the Vienna Stock Exchange AG and in the m:access of the Munich
Stock Exchange and is traded on Xetra, the Frankfurt and Berlin Stock
Exchanges. Further information: [1] www.wolftankgroup.com

Wolftank-Adisa Holding AG
phone: +43 512 345726
email: [2]investor-relations@wolftankgroup.com

This communication contains forward-looking statements based on current
knowledge, expectations, and projections of Wolftank-Adisa Holding AG’s
management about the future. All statements are subject to potentially
uncertain assumptions and risks that could cause actual results to differ
materially from those expressed or implied by such statements. Such
statements can be identified using words such as “expect”, “plan”,
“anticipate”, “target”, “estimate”, “assume” or similar. Consequently,
statements relating to the future are only valid at the time they are
made. The Company does not assume any obligation to adjust, correct or
monitor statements made in this communication in the future.


28.05.2024 CET/CEST This Corporate News was distributed by EQS Group AG.


Language: English
Company: Wolftank-Adisa Holding AG
Grabenweg 58
6020 Innsbruck
Phone: +43 512 345726
E-mail: investor-relations@wolftankgroup.com
Internet: www.wolftankgroup.com
ISIN: AT0000A25NJ6
Listed: Vienna Stock Exchange (Vienna MTF)
EQS News ID: 1912141

Weitere Handelsplätze: München Freiverkehr m:access Frankfurt Freiverkehr,

End of News EQS News Service

1912141  28.05.2024 CET/CEST


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