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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