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In April 2015, the final component of the Clean Air Act of 1990 – MATS (Mercury and Air Toxic Standard) - becomes effective, requiring that all U.S.-based coal- and oil-fired electric power plants generating 25MW and higher to reduce mercury emissions by approximately 90%.
YOUR MERCURY REMOVAL SOLUTION
We have the most cost-effective strategy for Hg emissions reduction that meets EPA MATS compliance for all of your coal-burning power plants. Our technology is successful across a myriad of fuel and system types, is tunable to any configuration and is CCR Friendly.
Midwest Energy Emissions Corp. (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. ME2C takes a holistic approach to the mercury emissions problem by delivering proprietary technologies that allow customers (i.e. coal-fired power plants, etc.) to meet emissions regulations in an effective and economical manner, with the least disruption to their ongoing operations.
Midwest Energy Emissions Corp. (OTCQB: MEEC) started as a R&D relationship with the Energy & Environmental Research Center (EERC) of the University of North Dakota. EERC is one of the world’s leading developers of cleaner, more efficient energy and environmental technologies to protect and clean air, water and soil. In 1993, the U.S. EPA designated the EERC as the Center for Air Toxic Metal (CATM).
ME2C and the EERC worked closely with utilities, federal and state governments, emissions scientists and engineers to address the complexities of mercury emissions control in power plants. Through ME2C’s research and testing, an alternative approach has been proven that provides for mercury emissions capture rates at 90%+ in coal-fired power plants. The result is that ME2C and EERC have developed a leading-edge mercury emissions control technology called Sorbent Enhancement Additive (SEA™) designed to reduce mercury emissions in the flue gases of coal-fired power plants, on which ME2C controls the worldwide patents.
ME2C believes that this is the best solution for mercury emissions capture in coal-fired power plants considering cost, effectiveness and flexibility with minimal disruptions to ongoing plant operations. ME2C is offering this technology to coal-fired power plants and utilities in the U.S. and Canada with future expansion into Europe and China at the appropriate time.
Investment Highlights
http://ir.midwestemissions.com/ Investors Quick Link (click)
| As of March 20, 2015 Common stock; 100,000,000 Shares Authorized | ||||||||
| 40,451,388 Outstanding |
Products
ME2C’s extensive product lines cover both its patented SEA™ system products and complete line of sorbents for backend system applications across all boiler types. These products, when combined with the company’s patented process, provide an economical and environmentally friendly approach to mercury mitigation. Sorbent loading is reduced significantly when compared to traditional activated carbon systems.
Sorbent Enhancing Additive (SEA™) Technology
The SEA™ product line is specifically tailored for each application to match a customer’s fuel type and boiler configuration for optimal results. This high-grade sorbent enhancement additive, which is injected into the boiler in minimal amounts, works in tandem with proprietary sorbents to insure maximum mercury capture with superior economics compared to typical mercury removal techniques in use today. This tailored approach has the added advantage of substantially reducing the impact of mercury capture on the balance-of-plant systems and operations.
ME2C Sorbents
The sorbent line consists of a number of proven, environmentally friendly proprietary sorbents that meet and exceed the mercury mitigation requirements of our clients while providing the best possible economics and the lowest possible feed rates.
ME2C’s 100% carbon-free line is an extraordinary breakthrough in the mercury mitigation sorbent business. Combined with the SEA™ product it offers utilities selling their fly ash a no-risk alternative to the “carbon based” sorbents of the competition. The sorbent product line has been developed and fully demonstrated in long-term field testing over a dozen utilities across North America over the past several years with tremendous results.
Patent Protection
Services
ME2C is unique in that it establishes, operates and maintains a service and warehouse facility near the customers’ facility to provide year-round, 24-hour support and service. ME2C experts continuously manage and monitor plant systems to ensure efficiency and performance.
ME2C Services
Field Analysis
In order to achieve the optimal capture rates, ME2C conducts all of its analysis in the field monitoring and adjusting as necessary vs. collecting samples for laboratory analysis.
ME2C field analysis uses a mobile laboratory trailer equipped with a Leeman cold-vapor atomic adsorption spectrophotometer and a DMA-80 analyzer (Milestone, Inc.), which allows for coal and ash mercury analysis in the field. This technique was recently validated as EPA Method 7473.
In addition to the equipment necessary to do mercury wet-chemistry sampling procedures, several different types of continuous mercury monitors (CMMs) are used:
ME2C’s Solutions
Scrubber & SCR Combo
Powdered Activated Carbon (PAC) or Brominated Activated Carbon (BAC)
Model 615 consists of a reusable housing and a replaceable cartridge, which must be replaced after each use or upon expiry of a 2-year shelf life. Over time, this results in recurring revenues and greater earnings predictability.
Future products
MEEC’s SEA™ Technology
Industry
On December 21, 2011 the U.S. Environmental Protection Agency (EPA) issued its Mercury and Air Toxics Standards (MATS) for power plants. The new rule is intended to reduce air emissions of heavy metals, including mercury (Hg), from all major U.S. power plants, which are the leading source of non-natural mercury emissions in the U.S. Existing power plants will have up to four years to comply with the new emission limits.
The new MATS rule applies to Electric Generating Units (EGUs) that are larger than 25 megawatts (MW) that burn coal or oil for the purpose of generating electricity for sale and distribution through the national electric grid to the public. They include investor-owned units, as well as units owned by the Federal government, municipalities, and cooperatives that provide electricity for commercial, industrial, and residential uses.
The final MATS identifies two subcategories of coal-fired EGUs, four subcategories of oil-fired EGUs and a subcategory for units that combust gasified coal or solid oil (integrated gasification combine cycle [IGCC] units) based on the design, utilization, and/or location of the various types of boilers at different power stations. The rule includes emission standards and/or other requirements for each subcategory. The rule sets nationwide emission limits and is estimated to reduce mercury emissions in coal-fired plants by about 90% overall.
While the ultimate costs for compliance in the U.S. is estimated to be in the $9.6 billion per year range, that will not likely be the case until EGUs must comply starting early 2015. These on-going annual operating costs increases also do not include the capital costs to install the equipment and have it ready to operate when the emission limits are required.
In the near term, ME2C believes that utilities will explore and conduct numerous demonstrations of various technologies to determine which will work best to achieve the required reductions to bring each individual unit under the maximum allowed emissions rate. There are several choices of pollution control technologies that might be employed to reduce mercury emissions, but they do not all work well for every plant designs or for all of the various types of coal. It is important to note that very few units in the U.S. today consistently limit mercury emissions to below the new maximum allowed rates. In addition, the EPA estimates that 40% of the coal units in the U.S. affected by the new MATS have no advanced pollution controls in operation.
The most common technology employed to reduce mercury emissions is the injection of powdered activated carbon (PAC) or brominated PAC (BAC) into the flue-gas of an EGU after the boiler itself, but in front of the Electro-Static Precipitation (ESP). Such injections have proven effective with many coals, especially at reduction levels of 70% or less. At required mercury reduction levels above 80%, these injection systems required substantial injection rates which often has severe operational issues including over-loading the ESP and rendering the fly ash unfit for sale to concrete companies, and at times even causing combustion concerns with the fly ash itself.
Timeline
The U.S. EPA publicly released its final rule (MATS) on December 21, 2011. Existing power plants will generally have up to 4 years if they need to comply with these standards (includes the 3 years provided by the Clean Air Act plus one extra year for extraordinary hardships), giving a final compliance date for most units of not later than early 2016.
Canada’s CWS for mercury emissions is under review, with most recent being October 11, 2006.
U.S. State Regulations
As of February 2011, there were more than a dozen states that have established more stringent emission limits, which were slated to take effect before the EPA’s limits.
MEEC Value Proposition
MEEC delivers MATS Compliance – every time, all the time.
The Competition
Market Opportunity
In April 2015, the final component of the Clean Air Act of 1990 – MATS (Mercury and Air Toxic Standard) - becomes effective, requiring that all U.S.-based coal- and oil-fired electric power plants generating 25MW and higher to reduce mercury emissions by approximately 90%.
Three of the four major air pollutants (NOX, SOX, and particulates) have already become regulated as part of the Clean Air Act of 1990.
Currently:
EPA estimates the MATS rule will apply to about 1,400 units in the U.S. (1,100 coal-fired plants and 300 oil-fired plants). The agency also estimates the cost to be $9.6 billion per year beginning in 2015 in the U.S. Canada, Europe, and China expected to be large opportunities for mercury removal as well.
Recurring Revenue Model
The U.S. utilities industry generates approximately $450 million in annual sales of fly-ash to the cement industry. MEEC’s patented SEA™ Technology, and proprietary sorbents, assures the continuation of these all-margin revenue streams.
While competing ‘carbon-based’ sorbents render fly-ash unusable at MATS compliance volume levels, MEEC’s technology preserves fly-ash for sale.
The company’s ongoing supply of proprietary SEATM Material and Sorbent Material provides recurring revenue and multi-year contracts.
Management Team
http://www.midwestemissions.com/about-us/leadership-team/
| Midwest Energy Emissions Corp. |
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