Alan Kohler here and I'm talking to Seán Halpin who is the CEO of SciDev Ltd which is an ASX listed company with market cap of about $100 million. It's a chemical business, it's got two sides to the business, one is that they sell chemicals to the mining and energy businesses so that's I guess the core of the business, about 80% of the revenue comes from that but the interesting part of this business is treating water mainly for PFAS. You may have read some stuff about PFAS lately, it's a useful chemical that's been around for a while, it's used in Teflon, in Scotch Guard and in particular in fire fighting foam but it's been discovered to be probably a carcinogenic, it causes cancer and birth defects. So suddenly all the governments around the world, in particular in the United States and Australia, are getting interested in this and starting to regulate it and requiring water companies and others who deal with this stuff to get rid of it and there aren't many ways to get rid of it. It's called a "Forever Chemical", PFAS, and it's hard to get rid of. SciDev has a process or two processes for getting rid of it and it's starting to get some traction.
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50.5¢ Sentiment: Buy Disclosure: Held
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