Midwest Energy Emissions Corp. Announces the Delivery of Mercury Control Equipment for Major Utility Customer
July 01 2014 - 8:45AM
Marketwired
Midwest Energy Emissions Corp. Announces the Delivery of Mercury
Control Equipment for Major Utility Customer
WORTHINGTON, OH--(Marketwired - Jul 1, 2014) - Midwest Energy
Emissions Corp. (OTCQB: MEEC) today announces that it has delivered
the first of its newly-designed mercury control feeder systems to
the site of a major utility customer. This system was designed by
ME2C to be operational in both enclosed and outdoor environments,
and reduces the required space needed for system operations. This
initial equipment delivery is for the first of the eleven electric
generating units (EGUs) that ME2C contracted on for MATS
regulations in the first quarter of 2014.
Midwest Energy Emissions Corp. (ME2C) employs patented and
proprietary technologies to remove mercury from coal-power plant
emissions. The U.S. Environmental Protection Agency's (EPA)
Mercury and Air Toxic Standards (MATS) rule requires that
all coal- and oil-fired power plants in the U.S., larger than 25
mega-watts, to remove approximately 90% of mercury from their
emissions, starting April 16, 2015.
ME2C President and CEO R. Alan Kelley stated, "This serves as
another milestone day for ME2C, as we deliver the first of our
newly designed feeder systems for mercury emissions control
contracts that we've recently signed. We have continued to
innovate, and to build on our best in class technology. We look
forward to turning this system on for optimization efforts at the
plant, and then for full MATS compliance beginning in early 2015,
along with additional system deliveries already underway."
Kelley continued, "ME2C's solutions for mercury control have
achieved success in full commercialization, after many years of
intense development and testing. While rapidly executing on
existing business, we are very excited about the prospects for
further growth that lie before us, as the coal-power utility
industry seeks solutions for compliance with MATS regulations,
which begin next year. This is a very exciting time for our team,
and for shareholders."
Midwest Energy Emissions Corp. will update the 'Investor'
portion of its website this week with photos of this milestone
achievement, at www.midwestemissions.com/investors.
Midwest Energy Emissions Corporation develops and employs
patented and proprietary technologies to remove mercury from
coal-power plant emissions. The U.S. Environmental Protection
Agency's (EPA) Mercury and Air Toxic Standards (MATS) rule
requires that all coal- and oil-fired power plants in the U.S.,
larger than 25 mega-watts, must remove roughly 90% of mercury from
their emissions by April 16, 2015. ME2C employs patented technology
that has been shown to achieve mercury removal levels compliant
with MATS at a significantly lower cost and with less operational
impact than currently used methods, while preserving the
marketability of fly-ash for beneficial use, a roughly $450mm
industry annually.
Safe Harbor Statement: With the exception of historical
information contained in this press release, content herein may
contain "forward looking statements" that are made pursuant to the
Safe Harbor Provisions of the Private Securities Litigation Reform
Act of 1995. These statements are based on management's current
expectations and are subject to uncertainty and changes in
circumstances. Investors are cautioned that forward looking
statements involve risks and uncertainties that could cause actual
results to differ materially from the statements made. Matters that
may cause actual results to differ materially from those in the
forward-looking statements include, among other factors, the gain
or loss of a major customer, change in environmental regulations,
disruption in supply of materials, a significant change in general
economic conditions in any of the regions where our customer
utilities might experience significant changes in electric demand,
a significant disruption in the supply of coal to our customer
units, the loss of key management personnel, failure to obtain
adequate working capital to execute the business plan and any major
litigation regarding the Company. In addition, this release
contains time-sensitive information that reflects management's best
analysis only as of the date of this release. The Company does not
undertake any obligation to publicly update or revise any
forward-looking statements to reflect future events, information or
circumstances that arise after the date of this release. Further
information concerning issues that could materially affect
financial performance related to forward-looking statements
contained in this release can be found in the Company's periodic
filings with the Securities and Exchange Commission.
Contact: Keith R. McGee Director of Investor Relations Midwest
Energy Emissions Corp. 614-505-6115 kmcgee@midwestemissions.com
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