Midwest Energy Emissions Corp. - ME2C Environmental - (OTCQB:MEEC) said it has signed a two-year master supply agreement contract extension with a major coal-fired utility located in Oklahoma.
The contract extension of this previously entered into Master Supply Agreement provides an extension to a license to the company’s patented SEA technologies along with a supply of custom sorbents over the next two years.
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“We are pleased to continue working with this utility, which has been a continuous customer of ours for the past 5 years, receiving numerous operational benefits by working directly with ME2C for both a technology license and for ongoing product supply,” said Richard MacPherson, president and CEO of ME2C Environmental in a statement
“In addition to a license to operate our patented SEA® process for mercury emissions, the customer plant also receives operational support from our skilled team to improve overall plant operations and efficiency. This new contract extension reaffirms our attractive recurring revenue model. We believe that our business-first approach to our utility partners creates a mutual foundation for future growth opportunities in other burgeoning areas affecting the global power industry,” concluded MacPherson.
ME2C Environmental is a leading environmental technologies company developing and delivering patented and proprietary solutions to the global power industry. The company's leading-edge services have been shown to achieve emissions removal at a significantly lower cost and with less operational impact than currently used methods, while maintaining and/or increasing power plant output and preserving the marketability of byproducts for beneficial use.
ME2C Environmental is a trade name of Midwest Energy Emissions Corp.
Contact the author at jon.hopkins@proactiveinvestors.com