Houston Facility Will Expand Charah Solutions’
Byproduct Sales Footprint in Texas and Gulf Coast
Charah® Solutions, Inc. (NYSE: CHRA), a leading provider of
environmental and maintenance services to the power generation
industry, today announced that it will open a second facility using
new patented technologies for grinding granulated blast furnace
slag (GBFS) to create supplementary cementitious materials (SCMs).
This facility, expected to be fully operational in the third
quarter of 2019 and located within Watco’s Greens Port Industrial
Terminal (“GPIT”) on the Houston Ship Channel, will be accessible
by ship, truck, and rail, and will sell materials to concrete
product manufacturers throughout Texas and the Gulf Coast
region.
“As one of the leading fly ash sales and marketing companies in
the country, we are excited to open this facility that will
increase access to high-quality SCMs in the Texas and Gulf Coast
market, where availability has traditionally been inconsistent,”
said Scott Sewell, President and CEO of Charah Solutions. “Watco’s
Greens Port Industrial Terminal is an ideal hub for us to serve our
concrete product customers throughout Texas and along the Gulf
Coast as we continue to identify additional sites and open new
facilities featuring these technologies.”
“Watco is very excited to have Charah Solutions as a long-term
partner at GPIT,” added Bill Kinzeler, Vice President of Network
Strategy for Watco. “Working together, Charah Solutions will be
able to take full advantage of GPIT’s unparalleled dock, rail and
road infrastructure to serve their customers.”
“This is great news for Texas and surrounding markets where the
supply of SCMs can be constrained,” said Scott Ziegler, Vice
President of Byproduct Sales at Charah Solutions. “With this
facility, Charah Solutions will be able to receive and deliver slag
cement by ship and rail consistently year-round without seasonality
or outages, and we can easily scale and increase production to meet
market demand. The opening of this grinding and distribution
facility represents a necessary and creative solution for our
customers as we build our presence in Texas and expand our
nationwide MultiSource® network.”
As part of Charah Solutions’ new patented grinding technology,
grinding mills can be installed for a fraction of the cost of
competing technologies and scaled up or down to meet market
demands. 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.
Additionally, Charah Solutions’ technology can also be used for
grinding natural pozzolans to create additional SCMs to expand
Charah Solutions’ byproduct sales offerings.
GPIT will receive GBFS, a byproduct of steel production, by ship
and then use Charah Solutions’ patented grinding technology to
manufacture slag cement marketed under the brand MultiCem™. The
MultiCem slag cement is distributed throughout Charah Solutions’
MultiSource materials network of more than 30 nationwide 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 can be added
in the production of concrete and cement and provides strength,
durability, improved finish, and consistent performance in
concrete, and can be used at higher replacement rates than other
SCMs.
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.
About Watco Companies LLC and Greens Port Industrial
TerminalsWatco Companies, LLC, is a Pittsburg, Kansas, based
transportation company providing transportation, terminal and port,
mechanical, and supply chain services for Customers throughout
North America and Australia. Watco Companies, LLC is the owner of
Watco Transportation Services, LLC, one of the largest short line
railroad holding companies in the U.S. with 41 U.S. short line
railroads and 33 industrial contract switching locations. Watco’s
Terminal and Port Services division operates 86 locations
throughout the U.S. Watco’s Supply Chain Services provides supply
chain solutions globally. More information about Watco and its
subsidiaries can be found at www.watcocompanies.com.
The Greens Port Industrial Terminal complex is located on 735
acres on the Houston Ship Channel in Harris County, Texas. It is
the largest private multi-tenanted industrial park in the Gulf
Coast market. Greens Port offers five deep water docks (two that
are panamax capable served by two harbor cranes) and six barge
docks on the Houston Ship channel. Greens Port provides
approximately 3.3 million square feet of indoor warehousing space
and has 31 miles of rail track and offering direct rail service to
the buildings and storage yards.
Forward-Looking StatementsThis 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/20190327005163/en/
Investor and Media ContactJoele Frank, Wilkinson Brimmer
KatcherEd Trissel / Kate Clark / Tim Ragones212-355-4449
Byproduct Sales ContactCharah Solutions, Inc.Scott
Ziegler502-245-1353
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