Midwest Energy Emissions Corp. (MEEC) Preparing US UtilitiesMidwest Energy Emissions Corp. (MEEC) Preparing US Utilities for Compliance with Upcoming EPA Standards
Midwest Energy Emissions is a provider of cost-effective mercury capture technologies to power plants and large industrial coal-burning units in North America. The company is helping these utility providers and units come into compliance with the United States Environmental Protection Agency’s (EPA) upcoming emissions regulation standards, known as Mercury and Air Toxic Standards (MATS). Specifically, MATS is requiring that all U.S.-based coal and oil-fired electric power plants generating 25 mega-watts and higher reduce their mercury emissions by around 90% or more by April 16, 2015. These regulations are an extension of the Clean Air Act of 1990 and are aiming at reducing the release of mercury and its harmful effects into the air.
An estimated 1,400 power plants in the United States are affected by MATS (1,100 coal-fired plants and 300 oil-fired plants at 600 power stations). The EPA estimates that once the compliance deadline has arrived, the annual total cost of compliance will be around $9.6 billion. To bring themselves in compliance, these parties are looking for ways to cut down on their mercury emissions with the most economical and effective methods possible.
Ohio-based Midwest Energy Emissions fills this gap through its patented SEA™ technology, which has been shown to reduce mercury emissions by 90% or more. This technology enables utility providers and coal-burning units to achieve compliance with MATS at significantly lower cost and with less operational impact than currently used methods. Particularly, Midwest Energy Emissions’ SEA technology brings mercury emissions rates to compliance levels or lower levels with up to 40% less costs than these other two methods.
Different entities are recognizing the economic and performance value of Midwest Energy Emissions’ proprietary technology. In late February, Midwest Energy Emissions announced that a large coal-power cooperative in the Southwest US had chosen SEA technology for achieving mercury emissions compliance standards. The company estimates that this multi-year supply contract will generate $2 million in revenues per year starting in 2015. The contract will also bring about $2.4 million worth of initial system installation revenues in 2014. In its news release detailing the announcement, company CEO Allan Kelley commented, “We are very confident in the prospects of business growth over the coming months and years as utilities are required to comply with MATS. Our solution will reliably deliver on a value proposition unlike any other in the market today. With a critical focus on execution and service, we look forward to rapid adoption and significant revenue growth for our shareholders.”
More information about Midwest Energy Emissions and its progress can be found at: www.midwestemissions.com
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