A large coal-power
cooperative in the Southwest U.S has chosen to use Midwest Energy Emissions
Corporation’s proprietary mercury emissions control technology. Company
estimates are that this multi-year supply contract will generate revenues of $2
million annually starting in early 2015, and with initial system installation
revenues in 2014 of $2.4 million.
The U.S. Environmental
Protection Agency’s (EPA) Mercury and Air Toxic Standards (MATS) rule requires
that coal- and oil-fired power plants in the U.S. larger than 25 megawatts
remove roughly 90% of mercury from their emissions beginning April 16, 2015,
with limited extensions granted for compliance in April 2016. ME2C uses
patented technology that has been shown to achieve mercury removal levels
compliant with MATS at a significantly lower cost and with less operational
impact than currently used methods.
CEO Alan Kelley stated, “We
are excited to announce that another electric power provider has chosen ME2C
for removing mercury emissions to comply with MATS regulations. This further
demonstrates the emergence of our best in class technology and the
well-respected work that our team has put forth over the years.”
Kelley continued, “We are
very confident in the prospects of business growth over the coming months and
years as utilities are required to comply with MATS. Our solution will reliably
deliver on a value proposition unlike any other in the market today. With a
critical focus on execution and service, we look forward to rapid adoption and
significant revenue growth for our shareholders.”
Midwest Energy Emissions
Corp. delivers cost effective mercury capture technologies to power plants and
other large industrial coal-burning units in North America. The company’s
proprietary technology enables customers to meet the new, escalating standards
the U.S. EPA has set for mercury emissions, in an economical and effective
manner with minimal disruption to their current equipment and current
operations.
For more information, visit
www.midwestemissions.com
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