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ME2C Environmental wins $1M-plus contract extension with large coal-fired utility in Midwest

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Midwest Energy Emissions Corp (ME2C Environmental) (OTCQB:MEEC) has received a two-year contract extension with a large coal-fired utility located in the Midwest.  

In a statement Monday, the company said the contract extension extends a license to its patented SEA technologies along with a supply of custom sorbents, valued in excess of $1 million per year.

READ: ME2C Environmental announces its participation in the creation of a new technologies firm, Eleclear Technologies

“Forming long-term relationships with our customers is the cornerstone of our business and further reinforces the value that we provide to these utilities,” said CEO Richard MacPherson. 

“We have enjoyed partnering with this customer for several years to help them significantly reduce their mercury emissions while improving the overall efficiency of their plant operations. Working with ME2C Environmental directly not only provides our customers with a technology license for product supply, but also allows us to continue to support their operations with vital service and maintenance assistance.”

MacPherson added: “As we continue to build a recurring revenue base from our core mercury emissions capture business, we are concurrently laying the foundation for continued growth into new technologies to benefit both the power industry and the environment. We seek to be a strong business partner with each and every customer and appreciate this vote of support from this large midwestern utility. I look forward to continued operational execution in the months ahead.”

Texas-based ME2C is a leading environmental technologies company developing and delivering patented and proprietary solutions to the global power industry. Its services have been shown to achieve emissions removal at a significantly lower cost and with less operational impact than currently used methods while maintaining or increasing power plant output and preserving the marketability of byproducts for beneficial use. 

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Story by ProactiveInvestors


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