Midwest Energy Emissions Corp - ME2C Environmental - announced that it has signed a five-year license agreement with a utility in the Midwest to provide a non-exclusive license to certain ME2C patents for use in connection with the utility’s coal-fired power plants.
The Texas-based company said that the licensed patents relate to ME2C’s two-part Sorbent Enhancement Additive process for mercury removal from coal-fired power plants.
The five-year license agreement includes a one-time sum to be paid to ME2C for use of the company’s patented processes for mercury emissions capture. The agreement also provides ME2C the opportunity to compete for the utility’s product supply going forward.
READ: Midwest Energy Emissions Corp dives deeper into new supply contract with coal-fired power plant
“Beginning a new relationship with yet another new licensee marks exciting progress for our company and further adds to the strength of our core business,” said Richard MacPherson, CEO of ME2C in a statement.
He added: “Through our recent outreach across the US coal-fired fleet, supported by our IP law firm, Caldwell, Cassady & Curry, our license claims for our patented process of mercury capture are being increasingly validated by the US power industry.”
ME2C 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.
“We believe that our proprietary SEA technology is unmatched in comparison to alternative mercury capture approaches within the coal-fired industry. In tandem with the other licensing and supply agreements we have secured over the last year, ME2C has a strong foundation in our core mercury emissions capture vertical that we expect will support a growing revenue base and build continued momentum in our business going forward,” concluded MacPherson.
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