Midwest Energy Emissions Corp - ME2C Environmental (OTCQB:MEEC) - has announced the signing of a multi-year contract renewal with an annual value expected to reach $1.5 million.
Under the extended supply contract, ME2C will continue supplying its patented Sorbent Enhancement Additive (SEA) technologies for mercury emissions capture.
"Our long-term supply customer in mercury emissions has received significant benefits from our mercury emissions capture technologies and expertise," said Richard MacPherson, CEO of ME2C Environmental in a statement.
"This second contract renewal for a third plant at one of the largest utilities in the US provides strong validation of our approach to mercury emissions. We previously announced in January a renewal for two other plants operated by this customer," he added.
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"As coal-fired power increases throughout the US over the next couple of years, ME2C has the capacity and infrastructure in place to be a solid business partner for major utilities across the US working to achieve reduced mercury emissions, ensure high-quality coal ash for beneficial use, and partner with an environmentally friendly technology company.
"We are happy to continue to support the scalable needs of this major US utility and look forward to growing our existing mercury emission customer base through this year," 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 mercury emissions 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.
Contact the author at jon.hopkins@proactiveinvestors.com