HIGHLANDS RANCH, Colo., July 29, 2013 (GLOBE NEWSWIRE) -- Advanced Emissions Solutions, Inc. (Nasdaq:ADES) (the "Company") today announced that Clean Coal Solutions, LLC ("CCS"), a joint venture among its subsidiary ADA-ES, Inc., an affiliate of NexGen Resources Corporation, and an affiliate of The Goldman Sachs Group, Inc., has leased two additional Refined Coal ("RC") facilities to an existing RC investor. These facilities are expected to produce about seven million tons of Refined Coal per year and generate approximately $24 million in revenue for CCS. As a result of these transactions, CCS has received more than $14 million in upfront cash payments and has eliminated more than $8 million in annual operating expenses that CCS previously incurred while operating one of the RC facilities. These financial impacts will begin in Q3 2013 and are expected to continue through 2021. CCS now has ten RC facilities currently operating, seven of which are leased or sold to three different RC investors. The seven leased or sold facilities are located at coal-fired power plants that have historically burned a total of about 22 million tons per year and are expected to generate more than $75 million in annual revenues to CCS.
Advanced Emissions Solutions Announces The Lease Of Two Additional RC Facilities
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts