Advanced Emissions Solutions Announces Additional Refined Coal Facility Closure with Third-Party Investor
October 24 2018 - 4:30PM
Increases to 19 total invested Refined Coal
facilities
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 completed a transaction for an
additional Refined Coal ("RC") facility. The RC facility is
located at a coal plant that has historically burned in excess of
3.0 million tons of coal per year and is royalty bearing to
ADES. With this addition, Tinuum Group has 19 invested
facilities in full-time operation.
L. Heath Sampson, President and CEO of ADES,
commented, “We continue to be pleased with the cadence of ongoing
discussions with both existing and potential tax equity investors,
as evidenced by this most recent closure. The progression of these
talks also reaffirms the steps taken to enter idle RC facilities
into the engineering and construction phase in anticipation of
securing third-party investors for the remaining facilities.
Tinuum, with support from ADES and Tinuum’s other owners, continues
to focus on securing additional tax equity investors to support
lowering emissions at utilities as well as increase shareholder
value."
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 40 US and international 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 (“Tinuum Group”) 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 patented
M-45™ and M-45-PC™ technologies for Circulating Fluidized Bed
boilers and Pulverized Coal boilers respectively.
Source: Advanced Emissions Solutions, Inc.
Investor Contact:
Alpha IR GroupRyan Coleman or Chris
Hodges312-445-2870ADES@alpha-ir.com
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