Midwest Energy Emissions is
a provider of cost-effective mercury capture technologies to power plants and
large industrial coal-burning units in North America. The company is helping
these utility providers and units come into compliance with the United States
Environmental Protection Agency’s (EPA) upcoming emissions regulation
standards, known as Mercury and Air Toxic Standards (MATS). Specifically, MATS
is requiring that all U.S.-based coal and oil-fired electric power plants
generating 25 mega-watts and higher reduce their mercury emissions by around
90% or more by April 16, 2015. These regulations are an extension of the Clean
Air Act of 1990 and are aiming at reducing the release of mercury and its
harmful effects into the air.
An estimated 1,400 power
plants in the United States are affected by MATS (1,100 coal-fired plants and
300 oil-fired plants at 600 power stations). The EPA estimates that once the
compliance deadline has arrived, the annual total cost of compliance will be
around $9.6 billion. To bring themselves in compliance, these parties are
looking for ways to cut down on their mercury emissions with the most
economical and effective methods possible.
Ohio-based Midwest Energy
Emissions fills this gap through its patented SEA™ technology, which has been
shown to reduce mercury emissions by 90% or more. This technology enables
utility providers and coal-burning units to achieve compliance with MATS at
significantly lower cost and with less operational impact than currently used
methods. Particularly, Midwest Energy Emissions’ SEA technology brings mercury
emissions rates to compliance levels or lower levels with up to 40% less costs
than these other two methods.
Different entities are
recognizing the economic and performance value of Midwest Energy Emissions’
proprietary technology. In late February, Midwest Energy Emissions announced
that a large coal-power cooperative in the Southwest US had chosen SEA
technology for achieving mercury emissions compliance standards. The company
estimates that this multi-year supply contract will generate $2 million in
revenues per year starting in 2015. The contract will also bring about $2.4
million worth of initial system installation revenues in 2014. In its news
release detailing the announcement, company CEO Allan Kelley commented, “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.”
More information about
Midwest Energy Emissions and its progress can be found at:
www.midwestemissions.com
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