Advanced Emissions Solutions Announces Investment in an Additional Refined Coal Facility
August 02 2017 - 5:00PM
Advanced Emissions Solutions, Inc. (NASDAQ:ADES)
(the "Company" or "ADES") today announced that Tinuum Group, LLC
("Tinuum Group"), jointly owned between the Company's subsidiary
ADA-ES, Inc. and an affiliate of NexGen Resources Corporation, has
sold a 49.9% interest in a Refined Coal ("RC") project to a new
third-party investor. The Company and Tinuum will maintain
ownership of 0.1% and 49.9% of the project, respectively. The RC
facility is located at a coal-burning power plant that has
historically burned in excess of 3.5 million tons of coal per year
and is royalty bearing to ADES. With this addition, Tinuum Group
has 15 invested RC facilities in full-time operation.
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
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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