Facility Will Expand Charah Solutions’
Byproduct Sales Footprint Throughout Southern California
Charah® Solutions, Inc. (NYSE: CHRA) (the
“Company”), a leading provider of environmental and maintenance
services to the power generation industry, today announced that it
will open a third facility using new patented grinding technologies
to create supplementary cementitious materials (SCMs). This fully
operational facility in Oxnard, California, approximately 60 miles
outside of Los Angeles, will be accessible by truck and rail, and
will sell pozzolan and other materials to concrete product
manufacturers throughout Southern California.
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Oxnard Distribution Facility (Photo:
Business Wire)
“Charah Solutions is one of the leading fly ash sales and
marketing companies in the country and we are proving that further
with this new facility that will help stabilize the West Coast
market with high-quality SCMs where availability has traditionally
been inconsistent,” said Scott Sewell, President and CEO of Charah
Solutions. “Oxnard is an ideal location for us to serve our
concrete product customers throughout Southern California and along
the West Coast. The opening of this additional facility represents
an important step in our expansion nationwide.”
As part of Charah Solutions’ new patented grinding technology,
grinding mills can be installed for a fraction of the cost of
competing technologies and scaled up or down to meet market
demands, serving customers in markets where the supply of fly ash,
pozzolan or other SCMs is limited. The Company’s technology is more
cost-effective, regardless of the volume of SCMs needed, and is
designed to be flexible, with the ability to add production
capacity as a market grows.
The new Oxnard facility is operated in partnership with
Diversified Minerals, Inc. (DMI), a supplier and manufacturer of
standard and custom blend cement and concrete products. The
facility will receive natural pozzolan by truck and rail and then,
using Charah Solutions’ patented grinding technology, manufacture
pozzolan marketed under the brand MultiPozz™. MultiPozz pozzolan
will be distributed throughout Charah Solutions’ MultiSource®
materials network of more than 40 nationwide locations, with
international sourcing and distribution, that provide ready mix
concrete producers and other customers a continuous and reliable
supply of SCMs, including quality fly ash and slag cement.
MultiPozz pozzolan can be added in the production of concrete and
cement and provides strength, durability, improved finish, and
consistent performance in concrete.
According to Jim Price, CEO of Diversified Minerals, Inc., “Fly
ash is becoming more difficult to source in California which is
forcing the construction industry to look for viable alternatives.
Natural pozzolan and other SCMs that meet ASTM specifications are
generating very high interest. With Charah Solutions’ resources and
DMI’s strategic partnership with the only active pozzolan mine in
Southern California, we are both the closest and the first to bring
these products to market.”
“This is great news for Los Angeles and surrounding markets
where the supply of SCMs is greatly constrained,” said Scott
Ziegler, Vice President of Byproduct Sales at Charah Solutions. “We
now will be able to receive and deliver pozzolan by truck and rail
consistently year-round without seasonality or outages, and we can
easily scale and increase production as the market develops. The
opening of this grinding and distribution facility represents a
needed and creative solution to address market demand in California
and expands our nationwide MultiSource® network.”
Click here to see a complete map of Charah
Solutions’ MultiSource® materials network locations.
About Charah Solutions, Inc.
With 30 years of experience, Charah® Solutions, Inc. is a
leading provider of environmental and maintenance services to the
power generation industry, with operations in fossil fuel and
nuclear power generation sites across the country. Based in
Louisville, Kentucky, Charah Solutions assists utilities with all
aspects of managing and recycling ash byproducts generated from the
combustion of coal in the production of electricity as well as
routine power plant maintenance and outage services for the fossil
fuel and nuclear power generation industry. The Company also
designs and implements solutions for ash pond management and
closure, landfill construction, fly ash and slag sales, and
structural fill projects. Charah Solutions is the partner of choice
for solving customers’ most complex environmental challenges, and
as an industry leader in quality, safety, and compliance, the
Company is committed to reducing greenhouse gas emissions for a
cleaner energy future. For more information, please visit
www.charah.com.
MultiSource is a registered trademark of Charah, LLC in the
United States.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements,
other than statements of historical facts, included in this press
release that address activities, events or developments that the
Company expects, believes or anticipates will or may occur in the
future are forward-looking statements. These forward-looking
statements are identified by their use of terms and phrases such as
“may,” “expect,” “estimate,” “project,” “plan,” “believe,”
“intend,” “achievable,” “anticipate,” “will,” “continue,”
“potential,” “should,” “could,” and similar terms and phrases.
These statements are based on certain assumptions made by the
Company based on management’s experience and perception of
historical trends, current conditions, anticipated future
developments and other factors believed to be appropriate. Such
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Company,
which may cause actual results to differ materially from those
implied or expressed by the forward-looking statements.
Any forward-looking statement speaks only as of the date on
which such statement is made and the Company undertakes no
obligation to correct or update any forward-looking statement,
whether as a result of new information, future events or otherwise,
except as required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20190627005204/en/
Byproduct Sales Contact Scott Ziegler (502) 245-1353
sales@charah.com
Investor Contact Tony Semak (502) 245-1353 ir@charah.com
Media Contact Katrina Gallagher (502) 472-6003
media@charah.com
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