Midwest Energy Soars After This Major Contract
Investors looking for an interesting investing theme may want to consider companies that are working to reduce mercury emissions over the coming years. Because of new compliance, companies that are capable of providing these services will see substantial revenue growth as the large energy companies are forced to adhere. In particular, one company that stands out as a potential winner is Midwest Energy Emissions Corp. (MEEC.PK)
Midwest Energy Emissions Corp. delivers cost-effective mercury capture technologies to power plants and other large industrial coal-burning units in the United States and Canada. The company has developed a best-in-class, patented technology for the coal-fired electric utility industry to achieve and maintain compliance with highly restrictive new Environmental Protection Agency requirements on mercury smokestack emissions.
The company’s technology is known as SEA technology. It is a proprietary blend technology developed from the University of North Dakota’s Energy and Environmental Research Center. The technology has set a new standard, since it allows for greater than 90 percent mercury removal, which surpasses current regulations. It’s also extremely cost beneficial, as it typically costs 40 percent less than other mercury removal solutions. The other solutions include:
- Scrubber and SCR combo: Can cost upwards of $500 million. These systems can also have mixed results at higher mercury removal levels.
- Powdered activated carbon/brominated activated carbon: Most common technology currently being used. However, it is less effective at high reduction levels, becoming very cost intensive at 80 to 90 percent mercury removal levels.