Midwest Energy Emissions Corp, also known as ME2C Environmental (OTCQB:MEEC), has announced the signing of a five-year license agreement with a Midwest utility to provide a non-exclusive license to certain ME2C patents for use in connection with the utility’s coal-fired power plant.
The licensed patents relate to ME2C’s two-part Sorbent Enhancement Additive (SEA) process for mercury removal from coal-fired power plants.
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The license agreement term includes an annual sum to be paid to ME2C for use of the company’s patented processes for mercury emissions capture. Additionally, the utility will consider ME2C’s product supply bid upon the expiration of the utility’s existing supply contract.
“We are pleased to begin a new relationship with this utility, which we expect to grow in the years to come,” said ME2C CEO Richard MacPherson in a statement.
“The license agreement is a testament to this utility’s recognition of our patent position and the significant value that these technologies will continue to provide to their coal-fired operations. We look forward to working with this utility as a full-service business partner, which we believe will provide even greater benefit and optimization to their current operations."
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