Facility in Upstate New York Further Expands
Charah Solutions’ Byproduct Sales Footprint
Charah® Solutions, Inc. (NYSE: CHRA), a leading provider of
environmental and maintenance services to the power generation
industry, today announced that it has opened its first facility
using new patented technologies for grinding granulated blast
furnace slag (GBFS) to create supplementary cementitious materials
(SCMs). This fully operational facility at the Port of Coeymans, a
marine terminal located 10 miles south of Albany, New York, and 100
miles north of New York City on the Hudson River, is accessible by
ship, truck, and rail, and is selling materials to concrete product
manufacturers throughout the Northeast.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20190117005132/en/
Charah Solutions MultiCem Slag Cement
Plant (Photo: Business Wire)
“Charah Solutions is one of the leading fly ash sales and
marketing companies in the country, and we are excited to open this
first facility that will supplement the cementitious materials we
are already providing without the use of fly ash,” said Charles
Price, President and CEO of Charah Solutions. “The Port of Coeymans
is an ideal location for us to serve our concrete product customers
across the Northeast. The opening of this facility continues to
highlight the importance of our acquisition of SCB International
last year and is the first of many facilities we expect to install
nationwide.”
The grinding mills, which can be installed for a fraction of the
cost of competing technologies and scaled up or down to meet market
demands, allow Charah Solutions to serve customers in markets where
the supply of fly ash or other SCMs is limited. Charah Solutions’
technology is more cost-effective, regardless of the volume of SCMs
needed, and is designed to be flexible, with the ability to add
production capacity as a market grows. Additionally, Charah
Solutions’ technology can also be used for grinding natural
pozzolans to create additional SCMs to replace fly ash and to
expand Charah Solutions’ byproduct sales offerings.
In addition to showcasing the new patented grinding technology,
the new facility will manufacture slag cement that is marketed
under the brand MultiCem™. The MultiCem slag cement will be
distributed throughout Charah Solutions’ MultiSource® materials
network, which is a unique, nationwide distribution system of more
than 30 sourcing locations that provide ready mix concrete
producers and other customers a continuous and reliable supply of
SCMs, including quality fly ash and slag cement. MultiCem slag
cement is produced by grinding GBFS, a byproduct of steel
production, and can be added in the production of concrete and
cement. MultiCem slag cement provides strength, durability,
improved finish, and consistent performance in concrete, and can be
used at higher replacement rates than other SCMs, reducing the
overall carbon footprint and decreasing the need for landfills.
“We are targeting both large and small markets, where the supply
of fly ash is currently constrained, to rapidly deploy our
technology,” said Scott Ziegler, President of Byproduct Sales at
Charah Solutions. “We can be up and running within a few months and
produce as little as 30,000 tons or more than 100,000 tons
profitably. This compares to traditional vertical roller mills or
ball mills that require significant capital investments, need large
production volumes to be profitable, and can take years to obtain
the necessary construction permits.”
Click here to see a complete map of Charah Solutions’
MultiSource materials network locations.
About Charah Solutions, Inc.
With 30 years of experience, Charah Solutions, Inc. is a leading
provider of environmental and maintenance services to the power
generation industry, with operations in coal-fired and nuclear
power generation sites across the country. Based in Louisville,
Kentucky, Charah Solutions assists utilities with all aspects of
managing and recycling ash byproducts generated from the combustion
of coal in the production of electricity as well as routine power
plant maintenance and outage services for coal and nuclear energy
providers. The company also designs and implements solutions for
ash pond management and closure, landfill construction, fly ash and
slag sales, and structural fill projects. Charah Solutions is the
partner of choice for solving customers’ most complex environmental
challenges, and as an industry leader in quality, safety, and
compliance, the company is committed to reducing greenhouse gas
emissions for a cleaner energy future. For more information, please
visit www.charah.com.
MultiSource® is a registered trademark of Charah, LLC in the
United States.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934. All
statements, other than statements of historical facts, included in
this press release that address activities, events or developments
that the company expects, believes or anticipates will or may occur
in the future are forward-looking statements. These forward-looking
statements are identified by their use of terms and phrases such as
“may,” “expect,” “estimate,” “project,” “plan,” “believe,”
“intend,” “achievable,” “anticipate,” “will,” “continue,”
“potential,” “should,” “could,” and similar terms and phrases.
These statements are based on certain assumptions made by the
company based on management’s experience and perception of
historical trends, current conditions, anticipated future
developments and other factors believed to be appropriate. Such
statements are subject to a number of assumptions, risks, and
uncertainties, many of which are beyond the control of the company,
which may cause actual results to differ materially from those
implied or expressed by the forward-looking statements. Any
forward-looking statement speaks only as of the date on which such
statement is made and the company undertakes no obligation to
correct or update any forward-looking statement, whether as a
result of new information, future events or otherwise, except as
required by applicable law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190117005132/en/
Investor ContactCharles W. PriceCharah Solutions,
Inc.(502) 245-1353
Media ContactEd Trissel / Kate Clark / Tim RagonesJoele
Frank, Wilkinson Brimmer Katcher(212) 355-4449
Byproduct Sales ContactScott ZieglerCharah Solutions,
Inc.(502) 245-1353
Charah Solutions (NYSE:CHRA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Charah Solutions (NYSE:CHRA)
Historical Stock Chart
From Jul 2023 to Jul 2024