Advanced Emissions Solutions Provides Update on Red River Plant Incident
April 23 2021 - 5:00PM
Advanced Emissions Solutions, Inc. (NASDAQ: ADES) (the "Company" or
"ADES"), the parent company of ADA-ES, Inc. and ADA Carbon
Solutions, LLC (collectively, "ADA"), today announced that it had
an isolated incident at its Red River Plant in Coushatta, Louisiana
last evening. The incident involved an isolated fire in one of the
plant’s coal handling systems and resulted in non-life threatening
injuries to two employees.
Greg Marken, Interim CEO of ADES, commented, “We
are grateful that this incident was isolated and that our teammates
appear to be on the road to recovery. Workplace safety is and will
always be our number one priority. I’d like to commend the
personnel at the plant for utilizing their safety training and
their strong collective response immediately following the
incident. The Company and I would also like to thank the first
responders in the Coushatta area for their support and the
excellent medical attention they provided for our teammates. We are
currently conducting our own investigation into the incident and
are working with local authorities as needed. At this time, we
believe the plant will be down one-to-two weeks. We project to have
adequate supply through our current inventory and through other
sources to fulfill our commitments to customers through that
projected downtime.”
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 brings together ADA Carbon Solutions, LLC, a
leading provider of powder activated carbon ("PAC") and ADA-ES,
Inc., the providers of ADA® M-Prove™ Technology. We provide
products and services to control mercury and other contaminants at
coal-fired power generators and other industrial companies. Our
broad suite of complementary products control contaminants and help
our customers meet their compliance objectives consistently and
reliably.
CarbPure Technologies LLC, (“CarbPure”), formed
in 2015 provides high-quality PAC and granular
activated carbon ideally suited for treatment of potable water and
wastewater. Our affiliate company, ADA Carbon Solutions, LLC
manufactures the products for CarbPure.
Tinuum Group, LLC (“Tinuum Group”) is a 42.5%
owned joint venture by ADA that provides patented Refined Coal
(“RC”) technologies to enhance combustion of and reduce emissions
of NOx and mercury from coal-fired power plants.
Caution on Forward-Looking Statements
The Company's estimates as to the period its plant will be down
and the adequacy of its inventory supply are forward-looking
statements that involve risks and uncertainties and the actual
period may be different based upon the outcome of the investigation
and other factors.
Source: Advanced Emissions Solutions, Inc.
Investor Contact:
Alpha IR GroupRyan Coleman or Chris
Hodges312-445-2870ADES@alpha-ir.com
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