Advanced Emissions Solutions Announces Investment in Two Additional Refined Coal Facilities
November 13 2017 - 7:00AM
Advanced Emissions Solutions, Inc. (NASDAQ:ADES) (the "Company" or
"ADES") today announced that Tinuum Group, LLC ("Tinuum Group"), a
joint venture among the Company's subsidiary ADA-ES, Inc., an
affiliate of NexGen Resources Corporation, and an affiliate of The
Goldman Sachs Group, Inc., has sold two Refined Coal ("RC")
facilities to a new third-party investor. The RC facilities
are located at coal-burning power plants that have each
historically burned in excess of 3.5 million tons of coal per year,
and are royalty bearing to ADES. With this addition, Tinuum Group
has 17 invested RC facilities in full-time operation.
L. Heath Sampson, President and CEO of ADES,
commented, “We are excited to announce that Tinuum Group has
completed the sale of two RC facilities to a new investor. We are
pleased to see the growth in the business, and believe this closing
further strengthens Tinuum’s offerings and business model and
provides confirmation of Tinuum's ability to continue to close new
transactions. Tinuum, with support from ADES and Tinuum’s other
owners, is diligently focused on securing additional tax equity
investors and increasing production of lower emission coal to help
power our country.”
About Advanced Emissions Solutions,
Inc.Advanced Emissions Solutions, Inc. serves as the
holding entity for a family of companies that provide emissions
solutions to customers in the power generation and other
industries.
ADA-ES, Inc. (“ADA”) is a wholly-owned subsidiary of Advanced
Emissions Solutions, Inc. (“ADES”) that provides emissions control
solutions for coal-fired power generation and industrial boiler
industries. With more than 25 years of experience developing
advanced mercury control solutions, ADA delivers proprietary
environmental technologies, equipment and specialty chemicals that
enable coal-fueled boilers to meet emissions regulations. These
solutions enhance existing air pollution control equipment,
maximizing capacity and improving operating efficiencies. Our track
record includes securing more than 40 US and international patents
for emissions control technology and systems and selling the most
activated carbon injection systems for power plant mercury control
in North America. For more information on ADA, and its products and
services, visit www.adaes.com.
Tinuum Group, LLC (“Tinuum Group”) is a 42.5% owned joint
venture by ADA that provides ADA’s patented Refined Coal (“RC”)
CyClean™ technology to enhance combustion of and reduce emissions
of NOx and mercury from coals in cyclone boilers and ADA’s patented
M-45™ and M-45-PC™ technologies for Circulating Fluidized boilers
and Pulverized Coal boilers respectively.
Source: Advanced Emissions Solutions, Inc.
Investor Contact:
Alpha IR GroupRyan Coleman or Chris
Hodges312-445-2870ADES@alpha-ir.com
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