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.
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