WORTHINGTON, OH -- (Marketwired) -- 07/01/14 -- 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 firstname.lastname@example.org
Source: Midwest Energy Emissions Corp.
Released July 1, 2014