Midwest Energy Emissions Corp, known by its trade name ME2C Environmental (OTCQB:MEEC), announced that it has received a new supply business with a license of the company’s patented Sorbent Enhancement Additive (SEA) technology for mercury emissions capture.
The utility’s license allows for its continued operation of the company’s patented technologies.
“Since providing this significant utility a license to operate our mercury emissions technologies, we have gained additional supply business driven by the measurable benefits that working with ME2C directly provides,” said Richard MacPherson, CEO of ME2C Environmental, in a statement.
He added: “Adopting a business-first approach across the coal-fired industry, a license to operate our patented technologies allows for continued operations of our innovative approach to mercury emissions capture. Working with us directly as a supply customer provides the plant with additional efficiencies and bottom-line operational improvements.”
The new supply business, expected to continue through 2022, was gained after product testing was completed in late 2021, the company said.
READ: ME2C Environmental comments on US EPA proposal to reaffirm 2012 mercury and air toxic standards for power plants
The utility was initially granted a license agreement in 2020 that would allow continued operation of the company’s patented mercury capture technologies. In mid-2021, a new supply contract for a plant in the Southwest was announced with this utility.
On February 1, 2022, the company announced a second plant location owned by this major utility to become a direct product supply customer of the company in addition to the utility’s plant which had already been a direct supply customer when the license agreement was signed in 2020.
The additional supply business represents the third new plant location under this utility’s fleet to become a direct product supply customer of ME2C Environmental.
MacPherson noted that this third plant location operated by this significant power producer “represents momentum in our efforts to monetize the value of our patents and in improving the environmental effects of coal-fired power generation.”
“This major utility was one of the first to enter into a license agreement in 2020 and the first to extend their agreement with another plant for direct supply business which was announced in mid-2021,” he added.
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