QualityStocks would like to highlight
Midwest Energy Emissions Corp. (
OTCQB: MEEC). The company develops and delivers patented, cost-effective mercury capture systems and technologies to power plants and other coal-burning units in the United States and Canada. As a result of the company’s innovative, patented mercury removal technologies, customers can attain compliance with new, highly restrictive government emissions regulations, in the most effective and economical manner.
In the company’s news,
Midwest Energy Emissions Corp. stands to benefit significantly as power plant emission standards are tightened. On December 21, 2011, the U.S. Environmental Protection Agency (EPA) issued its Mercury and Air Toxics Standards for power plants. The goal of the new standards is to reduce the air emissions of heavy metals, including mercury, from all major U.S. power plants.
Power plants are the leading source of non-natural mercury emissions in the U.S., and very few units consistently limit mercury emissions below the new allowed rates. The EPA estimates that there are approximately 1,400 units that are affected by the new standards. Existing power plants will have up to four years to comply with the new emission limits, and the estimated total national annual cost of the standards is put at roughly $9.6 billion.
Midwest Energy Emissions Corporation (ME2C) develops and delivers patented, cost-effective mercury capture systems and technologies to power plants and other coal-fired units in the United States and Canada. Starting as an R&D relationship with one of the world’s leading developers of environmental technology, the Energy & Environmental Research Center (EERC) of the University of North Dakota, ME2C has developed what the company believes is the single best solution for mercury emission control in coal fired power plants. The patent protected technology, called Sorbent Enhancement Additive (SEA), offers superior cost effectiveness, flexibility, and ease of operation, and is available for power plants and utilities throughout the U.S. and Canada, with possible future expansion into Europe and China.
The EPA estimates of the cost of compliance for the new standards, to take effect in early 2015, do not include the capital costs to install equipment and have it ready for operation. Although there are other technologies available for mercury emissions control, they do not offer the operational benefits of the SEA system, especially at reduction levels of over 80%.
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
