Midwest Energy Emissions
(ME2C), a developer of proprietary, cost-effective mercury capture technologies
to power plants and other large industrial coal-burning units in the United
States and Canada, reports that it has received firm commitments from a major
U.S. power producer for multi-year, mercury pollution control for Mercury and
Air Toxic Standards (MATS) compliance.
The commitments are for a
fleet of nine generating units capable of achieving mercury removal levels
compliant with MATS at a significantly lower cost and with less operational
impact than currently used methods. ME2C estimates that revenues for this relationship
will grow to roughly $30 million per year by 2016 with initial revenues
beginning in 2014.
“This is a significant
milestone achievement for our team and shareholders, with anticipated annual
revenues of over $30 million per year when the full fleet of this single power
provider is under MATS compliance. We further believe that this is just the
beginning of the adoption of our technology by others and expect to be making
additional commercial announcements soon,” CEO Alan Kelley stated in the news
release.
The U.S. Environmental
Protection Agency’s (EPA) MATS rule requires that all coal-fired and oil-fired
power plants in the U.S., larger than 25 mega-watts, must remove roughly 90
percent of mercury from their emissions beginning April 16, 2015, though some
plants have been given extensions into 2016.
ME2C is quickly growing its
reputation as a leading solution for power plants to achieve compliance,
benefitting from decades of thorough research and testing.
“This very significant win
for our company is the direct result of over 20 years of dedicated research and
technology development in advanced mercury control solutions. We believe that
our proprietary technology is truly the best in class, and this business
commitment serves as validation of our belief,” Kelley said.
For more information visit
www.midwestemissions.com
About MissionIR
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
