Advanced Emissions Solutions Announces the Lease of an Additional Refined Coal Facility
March 23 2017 - 5:57PM
Advanced Emissions Solutions, Inc. (NASDAQ:ADES) (the "Company" or
"ADES") today announced that Tinuum Group, LLC ("Tinuum Group"), 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 5.5 million tons of coal per year and is royalty
bearing to ADES. With this addition, Tinuum Group has 14
invested facilities in full-time operation.
L. Heath Sampson, President and CEO of ADES,
commented, “As we stated on our fourth quarter’s earnings call, we
have completed the lease of an RC facility to an existing investor
and are pleased to see the growth in our business. We are
proud to help power utilities and investors achieve their emission
reduction requirements and business goals. This closing further
reflects the strength in Tinuum’s offerings and business
model. Tinuum, with support from ADES and Tinuum’s other
owners, is diligently focused on securing additional tax equity
investors and increasing production of lower emission coal to power
our country.”
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, and
its products and services, visit www.adaes.com or the ADA Blog
(http://blog.adaes.com/).
Tinuum Group, LLC is a 42.5% owned joint venture by ADA that
provides ADA’s patented Refined Coal CyClean™ technology to enhance
combustion of and reduce emissions of NOx and mercury from coal in
cyclone boilers and ADA’s patented M-45™ and patent pending
M-45-PC™ technologies for Circulating Fluidized boilers and
Pulverized Coal boilers respectively. www.tinuumgroup.com
Investor Contact:
Alpha IR Group
Chris Hodges or Ryan Coleman
312-445-2870
ADES@alpha-ir.com
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