Advanced Emissions Solutions Will Increase Prices on all Activated Carbon Products
February 11 2020 - 7:59AM
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 a price
increase of 10% on all activated carbon products and front end coal
additives sold by ADA. This price increase will be effective on all
shipments made on or after March 1, 2020 or as contracts allow.
Mild weather coupled with depressed natural gas
pricing has resulted in lower demand of these products in the
mercury control market and consequently a higher cost per pound as
fixed costs are absorbed by less volume. In addition, costs of key
raw materials and continued escalation in freight has resulted in a
higher cost per pound to produce and deliver. This price recovery
is necessary to preserve the profitability of the business and
allow for future investment into the business.
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
Statements in this press release regarding the Company's
business that are not historical facts, including statements
concerning maintaining business profitability and allowing for
future investment, are forward-looking statements that involve
risks and uncertainties. For a discussion of such risks and
uncertainties, which could cause actual results to differ from
those contained in the forward-looking statements, see "Risk
Factors" in the Company's Annual Report on Form 10-K.
Source: Advanced Emissions Solutions, Inc.
Investor Contact:
Alpha IR GroupRyan Coleman or Chris
Hodges312-445-2870ADES@alpha-ir.com
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