This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Advanced Emissions Solutions Announces Progress On R&D Efforts For Future Products

HIGHLANDS RANCH, Colo., Oct. 22, 2013 (GLOBE NEWSWIRE) -- Advanced Emissions Solutions, Inc. (Nasdaq:ADES) (the "Company") today announced that it has been awarded three R&D contracts that will support the continued advancement and demonstration of technologies being developed by the Company to help power plant customers meet proposed future environmental regulations. Two of the contracts were awarded by the Department of Energy ("DOE") related to technology to capture carbon dioxide from coal-fired power plants. A third contract, awarded by a major utility, is related to technology to stabilize effluents from power plants. In the past four months, the Environmental Protection Agency ("EPA") has announced draft regulations for both carbon dioxide and effluents that will impact coal-fired power plants.

On September 20, 2013, the EPA announced draft regulations on carbon emissions on new coal-fired power plants with draft regulations for existing plants scheduled for release by June 2014. As previously announced, the Company is working on a $20.5 million DOE program supporting the development of our regenerable solid-sorbent based carbon capture technology. Construction of the 1MW Pilot Plant has been completed and it has been transported by barge to the Southern Company Alabama Power Plant Miller where it is being installed for testing in 2014. In addition, ADA was recently awarded two new DOE programs with a total combined value of $1.6 million. One program will be focused on reducing operating costs of a carbon capture plant based on ADA's technology by managing energy demands and recovering heat from other processes. The second program is focused on evaluating a sorbent made with aerogels, a material that has significantly different thermal properties than other sorbents. Both programs are designed to enhance the energy efficiency of the carbon capture process.

On June 7th of this year, the EPA released draft guidelines and standards for liquid effluents generated by power plants. These proposed regulations define acceptable limits for effluents that are primarily generated in a plant's air pollution control equipment. Under the EPA's proposed approach, these new requirements for existing power plants would be phased in between 2017 and 2022. In addition, restrictions on management of fly ash are also eventually expected, as evidenced by a September 30, 2013 federal district judge's holding that the EPA must regulate coal ash under the Resource Conservation and Recovery Act. For the past year, the Company has used internal resources to develop and test an innovative technology as the basis for a series of commercial products that could provide long-term solutions to these proposed regulations in order to stabilize effluents. These regulations and restrictions are expected to generate a continuous market that is estimated to begin in the 2017-2018 timeframe for technologies to reduce liquid effluents and stabilize the resulting concentrated mixtures. In September, the Company received a contract from a major power generator to support a large-scale demonstration of the technology to stabilize a challenging effluent material that is likely to be regulated by the new rules.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,040.37 +29.69 0.16%
S&P 500 2,111.73 +4.34 0.21%
NASDAQ 5,082.9290 +12.9030 0.25%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs