Midwest Energy,
maker of mercury capture technologies to power plants and other large
industrial coal-burning units, today in a joint announcement with the Energy
& Environmental Research Center Foundation (EERCF) reports that the parties
have amended their exclusive licensing agreement.
Amendment 4 provides
Midwest Energy two new patents and two new patent applications in mercury
emissions control. It also offers EERCF the opportunity to establish equity
ownership in Midwest Energy, with new IP and restructured license maintenance
and royalty fee schedules.
The EERCF is the
commercialization arm of the Energy and Environmental Research Center (EERC) at
the University of North Dakota, and has established itself as the world’s
premier research center in the control of mercury emissions from sources such
as power plants.
“We are very pleased
to announce this Amendment which further expands our close and mutually
beneficial relationship with the EERCF,” Midwest Energy president and CEO Alan
Kelley stated in the news release.
Kelley also briefly
noted spreading global recognition for the need for mercury emission mandates.
“Mercury air
emissions is a global issue now as about 140 countries have agreed to implement
regulations to reduce emissions of the dangerous element. The U.S. is at the
forefront with the Mercury and Air Toxics Standards (MATS) which became
effective in 2012, with U.S. utilities required to be in compliance with very
strict coal cower emissions regulations. With this agreement with the EERCF,
MEEC has 25 patents or patents pending in its licensing portfolio, spanning
numerous technologies and geographies.
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