CRE Watch

EPA Enforces Ban on TCE & PCE

What You Need to Know!

On December 9, 2024, the EPA announced it is finalizing a 10-year phaseout for the use of the chemicals PCE (also called PERC or tetrachloroethylene), and TCE (trichloroethylene) which will be banned within 1 year.

The EPA’s decision aims to protect human health and the environment by eliminating exposure to hazardous chemicals linked to severe health risks. This ban applies to the manufacture, processing, and use of TCE and PCE, commonly found in industrial degreasers, dry cleaning solvents, and certain consumer products.

Both chemicals are persistent in the environment and can contaminate soil, air, and groundwater, posing long-term ecological risks.

The potential impact on properties and tenants may vary. Landlords may be held accountable for historical contamination if tenants used PCE or TCE, especially in dry cleaning or industrial spaces.

Please visit https://www.epa.gov/assessing-and-managing-chemicals-under-tsca/risk-management-perchloroethylene-pce to view the full article.

CRE|TAG can conduct comprehensive property and environmental assessments for PCE and TCE contamination. Our detailed reports will outline the risks and recommended actions that need to be taken to avoid regulatory penalties, and possible property devaluation. We can support in navigating the regulatory processes and coordinate the remediation, if necessary, with our experts.

As you navigate acquisitions, dispositions, lending, lease renewals, and new leases, let CRE|TAG review your portfolio. We’ll identify opportunities to proactively address and mitigate risks associated with the PCE/TCE ban, ensuring compliance and safeguarding your investments.

Thanks,
Sally Krauss
President, CEO
sally.krauss@cretag.com