ME2C Environmental Gains Significant New Supply Business with Major U.S. Utility, Patented Mercury Emissions Technology Licensee
18 Gennaio 2022 - 2:41PM
InvestorsHub NewsWire
ME2C
Environmental Gains Significant New
Supply Business with Major U.S.
Utility, Patented Mercury Emissions Technology
Licensee
New Supply Business with a Licensee
Validates Company's Momentum Across U.S. Coal-Fired Market
Corsicana, TX, January 18,
2022 -- InvestorsHub NewsWire -- Midwest Energy
Emissions Corp. (OTCQB: MEEC) ("ME2C Environmental " or the "Company"),
a leading environmental technologies firm, announced today that it
has secured new supply business with one of the largest
coal-powered utilities in the U.S.
This major new utility supply customer entered into a license
agreement with the Company in 2021 and has now agreed to a direct
one-year supply order with ME2C Environmental
to purchase its custom sorbents valued at approximately $2 million
for 2022. The supply order, which is for one of the utility's power
plants in the Southwest, includes the sale and installation of the
Company's patented engineering system, proprietary sorbent-feed
equipment used with new customers. ME2C will supply
this coal-fired utility customer with its SEA®, or Sorbent
Enhancement Additive, system to help the utility meet mercury
emissions capture and compliance requirements.
" This significant utility was issued a license to operate
our patented process in early 2021," stated Richard MacPherson,
Chief Executive Officer of ME2C Environmental.
"Working directly with us as a supplier, the utility will gain
further benefits from our expertise in mercury capture, including
plant optimizations and efficiencies. While the earlier license
agreement with this utility validated our patent position, we
believe this acceptance of this significant supply order is a
strong testament to our competitive market position."
MacPherson added, "Through our business-first
approach, this utility has gained a strategic business
partner in ME2C. This new
business will be supported by the commissioning of our batch plant
in Texarkana, an innovative facility that will support anticipated
new supply business moving through this year. We are excited to
have gained a new supply partner as we enter into a strong 2022
with a new significant recurring revenue stream that will
strengthen our bottom-line."
About ME2C® Environmental
ME2C Environmental is a leading environmental
technologies company developing and delivering patented and
proprietary solutions to the global power industry.
ME2C's leading-edge services have been shown to
achieve emissions removal at a significantly lower cost and with
less operational impact than currently used methods, while
maintaining and/or increasing power plant output and preserving the
marketability of byproducts for beneficial use.
ME2C Environmental is a trade name of Midwest
Energy Emissions Corp. For more information, please visit
http://www.me2cenvironmental.com/.
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.
Forward-looking statements are generally identified by using words
such as "anticipate," "believe," "plan," "expect," "intend,"
"will," and similar expressions, but these words are not the
exclusive means of identifying forward-looking statements. 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, capacity factor fluctuations of power plant operations
and power demands, 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, availability of capital and any major
litigation regarding ME2C Environmental.
In addition, this release contains time-sensitive information that
reflects management's best analysis only as of the date of this
release. ME2C Environmental
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 ME2C Environmental's
periodic filings with the Securities and Exchange
Commission.
ME2C
Environmental Contact:
Stacey Hyatt
Corporate Communications
ME2C Environmental
Main: 614-505-6115 x-1001
Direct: 404-226-4217
shyatt@me2cenvironmental.com
Investor Relations
Contact:
Kevin McGrath
Managing Director
TraDigital IR
Tel. 646.418.7002
kevin@tradigitalir.com
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