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 The Commencement Of Operations Of An RC Facility Using M-45-PC(TM) Technology And Additional Emissions Control Equipment Awards

  • M-45-PC technology expands addressable market to larger volume power plants
  • More than $20 million in new ACI and DSI awards

HIGHLANDS RANCH, Colo., Dec. 19, 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 begun operations of a Refined Coal ("RC") facility that is treating pulverized coal ("PC") boilers using M-45-PC™ technology. The RC facility is located at a power plant that has historically burned about 5 million tons of coal per year. CCS is currently operating the RC facility and retaining the tax benefits generated while it is negotiating the lease or sale to potential RC investors.

CCS currently has 12 of its 28 RC facilities operating at coal burning power plants that have historically burned a total of more than 32 million tons per year. Work on operating contracts for the additional RC facilities is ongoing and CCS is on track to begin full-time operations for an additional five RC facilities by the end of the first quarter of 2014, including two that we expect will use the M-45-PC technology. We continue to expect that all RC facilities will be placed in full-time operation by the end of 2014.

Emissions Control Equipment

Separately, since September 30, 2013, the Company has been awarded more than $20 million in new orders for Activated Carbon Injection ("ACI") systems and Dry Sorbent Injection ("DSI") systems from multiple utilities, including a fleet-wide contract for ACI systems from a large utility. These awards are the result of the recent EPA Mercury and Air Toxics Standard ("MATS"), which requires compliance beginning in April 2015. Work has begun on some of the new projects and deliveries of the systems are scheduled to begin in 2014. During 2013, the Company has won more than $88 million in emissions control equipment awards, including multiple fleet-wide contracts from major utilities.

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 18,010.68 -115.44 -0.64%
S&P 500 2,107.39 -13.40 -0.63%
NASDAQ 5,070.0260 -27.95 -0.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs