Advanced Emissions Solutions Announces the Lease of an Additional Refined Coal Facility
August 31 2016 - 3:05PM
Advanced Emissions Solutions, Inc. (NASDAQ:ADES) (the "Company" or
"ADES") today announced that Clean Coal Solutions, LLC ("CCS"), a
joint venture among the Company's subsidiary ADA-ES, Inc., an
affiliate of NexGen Resources Corporation, and an affiliate of The
Goldman Sachs Group, Inc., has leased an additional Refined Coal
("RC") facility to an existing RC investor. The RC facility
is located at a coal plant that has historically burned
approximately 3.0 million tons of coal per year and is royalty
bearing. With this addition, CCS has 13 invested facilities
in full-time operation.
L. Heath Sampson, President and CEO of ADES,
commented, “As we forecasted on our second quarter’s earnings call,
we have completed the lease of a RC facility to an existing
investor and are delighted to see tangible results stemming from
the hard work we’ve put into our sales efforts. We remain
diligently focused on the selling or leasing of additional
facilities and continue to have ongoing conversations with high
quality prospects that we hope will become future RC tax equity
investors.”
About Advanced Emissions Solutions,
Inc.
Advanced Emissions Solutions, Inc. serves as the
holding entity for a family of companies that provide emissions
solutions to customers in the power generation and other
industries.
ADA-ES, Inc. (“ADA”) is a wholly-owned subsidiary
of Advanced Emissions Solutions, Inc. (“ADES”) that provides
emissions control solutions for coal-fired power generation and
industrial boiler industries. With more than 25 years of experience
developing advanced mercury control solutions, ADA delivers
proprietary environmental technologies, equipment and specialty
chemicals that enable coal-fueled boilers to meet emissions
regulations. These solutions enhance existing air pollution control
equipment, maximizing capacity and improving operating
efficiencies. Our track record includes securing more than 30
US patents for emissions control technology and systems and selling
the most activated carbon injection systems for power plant mercury
control in North America. For more information on ADA, its products
and services, visit www.adaes.com or the ADA Blog
(http://blog.adaes.com/).
Clean Coal Solutions, LLC (“CCS”) is a 42.5% owned
joint venture by ADA that provides ADA’s patented Refined Coal
(“RC”) CyClean™ technology to enhance combustion of and reduce
emissions of NOx and mercury from coals in cyclone boilers and
ADA’s patent pending M-45™ and M-45-PC™ technologies for
Circulating Fluidized boilers and Pulverized Coal boilers
respectively.
Investor Contact:
Alpha IR Group
Nick Hughes or Chris Hodges
312-445-2870
ADES@alpha-ir.com
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