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
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