Europlasma S.A. develops, constructs, and operates plasma torch systems for industrial applications focused on hazardous waste treatment, decarbonization, and advanced manufacturing. The company provides plasma solutions for gas cleaning and hazardous waste processing; decarbonization solutions through WIFUEL, which transforms non-recyclable waste into solid recovered fuel (SRF) as a fossil fuel substitute; hazardous waste treatment via Inertam for valorizing asbestos waste into inert recyclable products; and industrial manufacturing of forged parts including large-diameter hollow bodies by Les Forges de Tarbes, forged wheels, axles, and wheelsets for rolling stock by Valdunes Industries, and anodized aluminum anode sheets for electrolytic capacitors by Satma Industries. Europlasma S.A., founded in 1992 and headquartered in Pessac, France, operates primarily in Europe with international reach through its plasma technology applications in sectors such as waste management, environmental services, and industrials. Recent major developments include the 2024 acquisition of Valdunes Industries' business assets following approval by the Lille Métropole Commercial Court, preserving nearly 60% of its workforce; a €30 million financing agreement with Alpha Blue Ocean in April 2024 to support growth, including expansions at Forges de Tarbes amid rising defense sector demand; prior acquisitions of Les Forges de Tarbes in 2021 and Satma Industries in 2022; and ongoing drawdowns of convertible bonds, such as 200 bonds in 2025 for €1 million, alongside 2024 annual revenue surging 176% to €42.5 million driven by industrial segment performance.