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weekly trend target hit today.
GLTA
TRENDTRADE2016
It will be interesting to see what kind of volume we will have next week.
weekly trend in tack..watch for test of 1.20 next week
GLTA
TRENDTRADE2016
Someone is talking about this stock somewhere, just not on this board, lol, ok with me
nice uptick in price over the past few days
I'm suprised at the lack of chatter here. Seems like business has taken off.
No news or a press release since end of November. Nice to have a update on operation.
Sounds like China could be in need for $MEEC...
China's polluted air has had severe health effects. A study led by atmospheric chemist Jos Lelieveld of Germany's Max Planck Institute and published in the journal Nature this year estimated 1.4 million people each year die prematurely because of China's pollution.
The world's biggest carbon emitter, China plans to upgrade coal power plants over the next five years to tackle the problem, and says its emissions will peak by around 2030 before starting to decline. Charcoal briquette-burning ovens that were once a major contributor to pollution are now much less common in Beijing, although they are still used widely in the countryside.
While emissions standards have been tightened and heavy investments made in solar, wind and other renewable energy, China still depends on coal for more than 60 percent of its power.
http://www.usnews.com/news/world/articles/2015/12/08/beijing-schools-close-as-some-residents-take-smog-holiday?page=2
Quarterly report (10Q) should be out next few days.
Midwest Energy Emissions Corp (OTCMKTS:MEEC) Director Brian Lee Johnson acquired 1,500,000 shares of the firm’s stock in a transaction on Monday, September 28th. The shares were bought at an average cost of $0.33 per share, with a total value of $495,000.00.
http://www.financialwisdomworks.com/brian-lee-johnson-acquires-1500000-shares-of-midwest-energy-emissions-corp-stock-meec/59372/
Company says share price target is $1.00 utilizing the top decile P/S ratio of 2.5 on projected 2016 sales of $17.98 million.
MEEC: Midwest Energy Emissions update confirms installations continue as planned.
Zacks Small Cap Research 11 hrs ago
By Steven Ralston, CFA
OTC:MEEC
In a Business Update, Midwest Energy Emissions (MEEC) reported that revenues generated during August 2015 exceeded $1.5 million. The major driver was the installation and commissioning of the company’s sixth front end-injection system. Product sales during the month were approximately $900,000. For the month, the company achieved positive operating profit and earnings before interest, taxes, depreciation and amortization (EBITDA). In a prior update issued in August, the company announced that Canadian demonstrations had been completed successfully which included the introduction of a new line of sorbents. Previously, in May 2015, Midwest Energy Emissions announced that three injection systems had been installed in April. Management has estimated that product sales, equipment installations and consulting services will generate over $8 million in equipment sales during 2015, over $30 million in revenues in 2016 and over $110 million over the terms of existing contracts.
Though the enforcement of the implementation of the current form of MATS has come into question by the Supreme Court ruling, the Court’s decision requires further proceedings of the Michigan et al v. EPA case by the DC Circuit Court. However, the company’s business updates confirm installations are on track. Management is currently not observing any behavioral changes by customers under.
Midwest Energy Emissions continues to install the infrastructure required MATS compliance. The company has 15 electric generating units (EGUs) under contract, of which six have been installed and commissioned. Two EGUs have been operational since 2011. The remaining nine units under contract are scheduled to become operational in 2016. Management continues to estimate that product sales, equipment installations and consulting services will generate over $8 million in equipment sales during 2015, over $30 million in revenues in 2016 and over $110 million over the terms of existing contracts.
Midwest Energy is unique in that it 1) has a singular focus (the mercury emissions control market), 2) holds exclusive rights to patented processes, 3) has achieved market penetration through the commercialization of SEA Technology and 4) is positioned to take advantage of further growth opportunities afforded by the implementation of MATS in whatever form develops from the process initiated from the Supreme Court’s ruling. Midwest Energy Emissions should experience a dramatic increase in revenues over the next few years as the coal-fired plants, which have contract for Midwest Energy’s SEA Technology, ramp up their mercury emissions control efforts to become MATS-compliant.
Comparable pollution control and value-added specialty chemical companies trade in a P/S valuation range between 2.8 and 0.7. Also, as a reference, Cytec Industries is in the process of being acquired by Solvay SA at 2.6 times TTM revenues. Utilizing the top decile P/S ratio of 2.5 on projected 2016 sales of $17.98 million, our share price target is $1.00.
We are optimistic about Midwest Energy Emissions. The company should experience a dramatic increase in revenues over the next few years as the coal-fired plants, which have contract for Midwest Energy’s SEA Technology, ramp up their mercury emissions control efforts.
China jumping onboard with United States.
China to Launch Nationwide Scheme to Cut Global Warming Pollution
Xi Jinping will announce a new cap-and-trade plan to combat climate change
By Lisa Friedman and ClimateWire | September 25, 2015
http://www.scientificamerican.com/article/china-to-launch-nationwide-scheme-to-cut-global-warming-pollution/
Some big seller on the ask 67,000 shares for .29 on good News! very strange. Good buying opportunity in my opinion.
NEWS:Midwest Energy Emissions Corp. Provides Business Update; August 2015 Results
Marketwired
Midwest Energy Emissions Corp.
4 hours ago
LEWIS CENTER, OH--(Marketwired - September 22, 2015) - Midwest Energy Emissions Corp. (MEEC) ("ME2C" or the "Company"), an emerging leader in mercury emissions control technology for the global coal-power industry, today provided a general business update for investors and shareholders.
"We are pleased to update the marketplace with our operational results for August 2015, prior to our upcoming third quarter earnings report," said CEO Richard MacPherson.
The Company reported that monthly revenues for August 2015 exceeded $1.5 million, the second-highest revenue total for the year. "During the month, we also finished the installation and commissioning of our sixth front end-injection system and achieved product sales of approximately $900,000. We also achieved positive operating profit and earnings before interest, taxes, depreciation and amortization (EBITDA) for the month," MacPherson said.
MacPherson continued, "Our revenues and activities in the field are on an upswing as we respond to the needs of our customers. As our company continues its growth, we are seeing the expected results in our sales margins, operating profit line and cash flows, in which we achieved our second best monthly results in company history during August, and continued strengthening of our balance sheet. While one month's results are insufficient to project a trend, we look forward to announcing the upcoming quarter results which we expect will reflect these efforts more fully."
09-10-2015 Alterna Core Capital Assets Fund Ii Just increased Midwest Energy Emissions Corp Position.
Alterna Core Capital Assets Fund Ii has filled a SC 13D/A form regarding Midwest Energy Emissions Corp . Filing Link: 000149315215004277. Per Alterna Core Capital Assets Fund Ii’s filing, the filler reported increased stake in the company by 3.15% to 29,125,656 shares. Alterna Core Capital Assets Fund Ii now owns 38.15% of the company. This form was required due to trading activity on August 14, 2015.
Read more: http://www.octafinance.com/alterna-core-capital-assets-fund-ii-just-increased-midwest-energy-emissions-corp-position/193386/#ixzz3mQO1kEWZ
Sylvester Marcus A. Vice President of Sales Stock Option (Right to Buy) Bought 250,000 shares Common Stock Direct at $0.42 9/11/2020.
Always a good thing insiders buying. Means one thing, going higher.
http://ih.advfn.com/p.php?pid=nmona&article=68542766
Midwest Energy Emissions Corp. Earnings Q2, 2015
Midwest Energy Emissions Corp. reports preliminary financial results for the quarter ended June 30, 2015.
Positive numbers!
Revenues of USD 2.70 million, Net Earnings of USD 0.60 million, and Earnings per Share (EPS) of USD 0.01.
http://www.capitalcube.com/blog/index.php/midwest-energy-emissions-corp-earnings-q2-2015/
With financials showing $MEEC in a gross profit positive this quarter this could be looking good for run soon. Nice financial growth going forward.
http://finance.yahoo.com/q/is?s=meec
In a down market there will be a lot larger amount of risk takers and MEEC has a lot of upside, I like this plays tight share structure with promise of revenue growth!
Last 3 paragraphs is a good projection of $MEEC in the near future and coming year 2016.
From last posted article By Zacks Small Cap Research
August 19, 2015 10:00 AM
Management is currently not observing any behavioral changes by customers under contract in reaction to the Supreme Court’s decision in June. In addition, the company has experienced a renewed increase in the demand for demonstrations from both existing and prospective customers generating demonstration and consulting services revenue of $120,318 in the second quarter.
Midwest Energy Emissions continues to install the infrastructure required MATS compliance. The company has 15 electric generating units (EGUs) under contract, of which four have been installed and operating in compliance. Two EGUs have been operational since 2011. Management continues to estimate that product sales, equipment installations and consulting services will generate over $8 million in equipment sales during 2015, over $30 million in revenues in 2016 and over $110 million over the terms of existing contracts.
Midwest Energy is unique in that it 1) has a singular focus (the mercury emissions control market), 2) holds exclusive rights to patented processes, 3) has achieved market penetration through the commercialization of SEA Technology and 4) is positioned to take advantage of further growth opportunities afforded by the implementation of MATS in whatever form develops from the process initiated from the Supreme Court’s ruling. Midwest Energy Emissions should experience a dramatic increase in revenues over the next few years as the coal-fired plants, which have contract for Midwest Energy’s SEA Technology, ramp up their mercury emissions control efforts to become MATS-compliant.
MEEC: Midwest Energy Emissions reports 2Q results – new installations drive top-line
Zacks Small Cap Research 1 day 2 hrs ago
By Steven Ralston, CFA
OTC:MEEC
Last week, on Friday August 14th, Midwest Energy Emissions (MEEC) filed results for the second quarter ending June 30, 2015. The company reported a 207% increase in total revenues from $878,957 to $2,696,685. Equipment sales for new installations at for projects generated revenues of $1,967,039 versus no revenues from new installations in the comparable quarter last year. Though delivered product sales declined 7.5% to $609,328 versus $659,052 in the second quarter last year, the figures are not comparable. Delivered product revenue includes product deliveries for demonstrations as well as product deliveries associated with operations at EGUs (two EGUs in the Pacific Northwest last year and the same two EGUs plus recent installations at two EGUs this year). A comment from the press release indicates that approximately $502,000 of the product sales were to customers under contract in the quarter just reported. Additional commentary by the CEO (namely, “product sales are increasing dramatically”) reinforces that the comparison to last year’s gross product sales figure is misleading (since it also included product deliveries for demonstrations). During the second quarter, the company received unrecognized advance payments of $807,638. At the end of the second quarter, deferred revenues on the balance sheet was $6,035,850, which in the future will be recognized as revenues on the income statement when equipment is delivered and commissioned at customer sites.
Total operating expenses increased 83.0% to $3.39 million versus $1.85 million in the second quarter of 2014, primarily due a 390% (or $1,422,087) increase in cost of goods sold, which was primarily associated with the cost of equipment sold to customers and recognized as revenue during the second quarter of 2015. Operating expenses increased $299,423 (or 119%) from $252,379 to $551,802 primarily attributable increased labor and technical consulting costs were incurred as the company assisted its customers with testing in preparation for compliance with MATS, along with increased salary and overhead costs associated increased operations staff. Depreciation & amortization increased 8.5% to $65.6 thousand, which attributable to the amortization of customer acquisition costs. Interest expense increased 129% to $936,116 versus $408,647 during the first quarter of 2014.
The company reported a net income of $599,365 (or $0.01 per diluted share) versus a loss of $1,380,378 (or $0.04 per diluted share) in the first quarter of 2014. The positive net income is primarily due to the gain on a change in value of warrant liability of $3,195,279, which is attributable to performing a new valuation on the warrants issued to Drexel in August 2014 that decreased the total value of the warrants to $4,280,282 from$7,475,561 at the end of the first quarter of 2015. Shares outstanding have increased 13.3% to 45,591,412 from 40,228,123 at year-end (December 31, 2014). During the quarter the company repaid $3.0 million of the $10.0 million in convertible promissory notes issued to AC Midwest Energy LLC on August 14, 2014 as part of a waiver and amendment to the original financing agreement.
Management is currently not observing any behavioral changes by customers under contract in reaction to the Supreme Court’s decision in June. In addition, the company has experienced a renewed increase in the demand for demonstrations from both existing and prospective customers generating demonstration and consulting services revenue of $120,318 in the second quarter.
Midwest Energy Emissions continues to install the infrastructure required MATS compliance. The company has 15 electric generating units (EGUs) under contract, of which four have been installed and operating in compliance. Two EGUs have been operational since 2011. Management continues to estimate that product sales, equipment installations and consulting services will generate over $8 million in equipment sales during 2015, over $30 million in revenues in 2016 and over $110 million over the terms of existing contracts.
Midwest Energy is unique in that it 1) has a singular focus (the mercury emissions control market), 2) holds exclusive rights to patented processes, 3) has achieved market penetration through the commercialization of SEA Technology and 4) is positioned to take advantage of further growth opportunities afforded by the implementation of MATS in whatever form develops from the process initiated from the Supreme Court’s ruling. Midwest Energy Emissions should experience a dramatic increase in revenues over the next few years as the coal-fired plants, which have contract for Midwest Energy’s SEA Technology, ramp up their mercury emissions control efforts to become MATS-compliant.
Midwest Energy Emissions Corp. Reports 2015 Second Quarter Financial Results
August 18, 2015 - 8:00 AM EDT
LEWIS CENTER, OH--(Marketwired - August 18, 2015) - Midwest Energy Emissions Corp. (OTCQB: MEEC) ("ME2C" or the "Company"), an emerging leader in mercury emissions control technology for the global coal-power industry, today announced results for the second quarter ended June 30, 2015.
Second Quarter 2015 Highlights
•Revenues of $2,697,000 compared to $879,000 in Q2 2014 -- Up 206.8%
•Operating loss of $690,000 compared to $972,000 in Q2 2014 -- Improved 29.0%
•Net income of $599,000 compared to net loss of $1,380,000 in Q2 2014 -- Improved 143.4%
http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=77551998&topic=MEEC&symbology=null&cp=null&webmasterId=500
Good observation on MEEC. Looks like you got quick returns on your add. This is going to be a hot pick in the 2nd half.
Looks like a gapper filled today from back July 9 closed at .25 and opened July 10 at .29 with a low of .2775 and never really filled til today. Thats my take on the drop today.
Date Open High Low Close Volume Chg %Chg Adj. Close
07/10/15 0.29 0.29 0.2775 0.29 27,655 0.04 16.00% 0.29
07/09/15 0.27 0.275 0.25 0.25 70,000 -0.025 -9.09% 0.25
Bought a little also, with a total of 15 electric generating units under long-term contracts, representing over 130M in multiyear revenues I am hanging in here.
Huge growth taking place despite losses. Silly to sell here and huge buying opportunity at these prices...this will be a cash cow by November IMO
Slow leak of Q2 results?, MEEC will move fast on good news.
Should be again business as usual for $MEEC. Good news the way I read it.
EPA plans to fix MATS rule by spring 2016
By Robert Walton | August 12, 2015 Printprint
Dive Brief:
•The U.S. Environmental Protection Agency intends to file changes to its Mercury and Air Toxics Standards (MATS) by spring 2016, seeking to make fixes after the U.S. Supreme Court struck down the law in June.
•The high court ruled the EPA erred by not considering the costs of emissions reductions before writing the new rules, but regulators say they can show the law is "appropriate and necessary" based on a wealth of data the agency examined.
•EPA told the U.S. Court of Appeals for the District of Columbia Circuit it will justify the regulations by April 16, which is the deadline for power plants given a one-year extension to comply.
Dive Insight:
The U.S. Supreme Court essentially told federal regulators they put the cart before the horse when crafting the Mercury and Air Toxics Standards rule, but regulators said they can quickly fix the issue. Many experts, however, say the ruling will have little impact on the power sector itself as most utilities have invested in pollution-scrubbing technologies and are now already in compliance with the MATS rule.
While the Supreme Court rejected portions of the MATS rule in June, on the logic that EPA had failed to do a cost-benefit analysis before writing the rules to show they were necessary, regulators say there is no question the emissions limits provide substantial benefit. The court's ruling focused on how the agency determined that the regulations on mercury were “appropriate and necessary,” an initial finding that begins the process of writing a regulation. The Hill notes that EPA has found a roughly 10-1 health benefit-to-cost ratio, but came up with those numbers after deciding to regulate mercury and other harmful pollutants.
“EPA intends to submit a declaration establishing the agency’s plan to complete the required consideration of costs for the ‘appropriate and necessary’ finding by spring of next year," the agency told the appeals court.
The Supreme Court remanded the case back to the D.C. Circuit court, which must now determine how to proceed. EPA made its filing in response to the Tri-State Generation and Transmission Association's request to further delay compliance at its coal-fired station in Nucla, Colorado.
EPA moves to fix air pollution rule after Supreme Court loss.
http://thehill.com/policy/energy-environment/250779-epa-moves-to-fix-air-pollution-rule-after-supreme-court-loss
I agree this has been a nice recovery. The next 10-Q should be around the corner, came out Aug. 14 last year, and $MEEC was at a 52 week high $1.25 on Aug. 25th about a week later. Exciting to see what happens. Millions in contracts!
Good buy going into news this week on MEEC. Company is projecting increase in revs to finish year, this one is on a platter for us!
Excited to hear 2q reports, people should be buying in now on MEEC IMO
News Out...Midwest Energy Emissions Corp. Provides Business Update to Investors, Predicting Growth Ahead
Marketwired
August 04, 2015: 08:40 AM ET
Midwest Energy Emissions Corp. (OTCQB: MEEC) ("ME2C" or the "Company"), an emerging leader in mercury emissions control technology for the global coal-power industry, today provided a general business update for investors and shareholders.
"As a new technology company in this rapidly emerging industry, we want to take this time to update the market on material operational developments," said CEO Richard MacPherson.
In 2014, the Company announced a total of 15 electric generating units (EGU's) under long-term contracts, representing over 130M in multiyear revenues.
"The accomplishments we are reporting on today are the execution of the installations and commissioning required to fulfill these contracts. The product, equipment sales and consulting fees necessary to carry out these installations has resulted in our generating revenues nearly equal to that of the entire year in 2014 in Q2 of 2015 alone," MacPherson said.
MacPherson continued, "We are now underway with a very busy summer/fall of continued commissioning and new product sales. The remainder of 2015 is very exciting as we finalize our present installations and provide our proprietary products and services to meet our contracted business across North America -- as required by the state, federal and provincial laws." MacPherson concluded, "Revenues are growing substantially quarter over quarter this year, leading to what is expected to be a banner year in 2016. We are especially pleased with the results of our recent Canadian demonstrations, where we introduced our new line of sorbents to great effect. We look forward to presenting the second quarter results for 2015 this month."
About Midwest Energy Emissions Corp. (ME2C)
Midwest Energy Emissions Corp. delivers patented and proprietary solutions to the global coal-power industry to remove mercury from their power plant emissions, providing performance guarantees and leading edge emissions services. The U.S. Environmental Protection Agency's (EPA) Mercury and Air Toxic Standards (MATS) rule requires that all coal- and oil-fired power plants in the U.S., larger than 25 mega-watts, must remove roughly 90% of mercury from their emissions starting April 16, 2015. In June 2015, the U.S. Supreme Court remanded MATS back to the U.S. Court of Appeals for the D.C. Circuit for further review, but left the rule in place. ME2C has developed patented technology and proprietary products that have been shown to achieve mercury removal levels compliant with MATS at a significantly lower cost and with less operational impact than currently used methods, while preserving the marketability of fly-ash for beneficial use.
Safe Harbor Statement
With the exception of historical information contained in this press release, content herein may contain "forward-looking statements" that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Investors are cautioned that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the statements made. Matters that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the gain or loss of a major customer, additional or new EPA regulations affecting coal-burning utilities, disruption in supply of materials, a significant change in general economic conditions in any of the regions where our customer utilities might experience significant changes in electric demand, a significant disruption in the supply of coal to our customer units, the loss of key management personnel, failure to obtain adequate working capital to execute the business plan and any major litigation regarding the Company. In addition, this release contains time-sensitive information that reflects management's best analysis only as of the date of this release. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance related to forward-looking statements contained in this release can be found in the Company's periodic filings with the Securities and Exchange Commission.
Federal appeals court upholds EPA's downwind pollution rule; orders new limits in some states
The Associated Press
FILE - In this March 16, 2011, file photo, exhaust rises from smokestacks in front of piles of coal in Thompsons, Texas. A federal appeals court on Tuesday ordered the Environmental Protection Agency to relax some limits it set on smokestack emissions that cross state lines and taint downwind areas with air pollution from power plants they can't control. (AP Photo/David J. Phillip, File)
Associated Press
July 28, 2015 | 6:16 p.m. EDT
By MATTHEW DALY, Associated Press
WASHINGTON (AP) — A federal appeals court on Tuesday ordered the Environmental Protection Agency to relax some limits it set on smokestack emissions that cross state lines and taint downwind areas with air pollution from power plants.
At the same time, the court upheld the EPA's right to impose the clean-air standards, rejecting an argument by states and industry groups that the rule was overly burdensome.
The ruling by the U.S. Court of Appeals for the District of Columbia Circuit orders the EPA to redo sulfur-dioxide and nitrogen-oxide standards for 13 states, mostly in the South and Midwest, that contribute to soot and smog along the East Coast.
Texas and South Carolina would see limits for both forms of pollution adjusted, while new limits for either sulfur dioxide or nitrogen oxides would be set in 11 other states: Alabama, Florida, Georgia, Maryland, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Virginia and West Virginia.
The ruling follows a Supreme Court decision last year upholding the so-called Cross-State Air Pollution Rule, which blocks states from adding to air pollution in other states.
The April 2014 ruling was an important victory for the Obama administration and capped a decades-long effort by the EPA to ensure that states are good neighbors and don't contribute to pollution problems elsewhere.
Industry groups and many of the affected states have cast the rule as an attempt to step on states' rights and shut down aging coal-fired power plants as part of what many Republicans call a "war on coal" by the Obama administration.
An EPA spokeswoman said the agency was pleased that the court decision keeps the Cross-State Air Pollution Rule in place "so that it continues to achieve important public health protections."
The EPA remains committed to working with states and power companies as it moves to implement the rule, spokeswoman Melissa Harrison said. "We are reviewing the decision and will determine any appropriate further course of action once our review is complete," she said.
The Supreme Court said the EPA, under the Clean Air Act, can implement federal plans in states that do not adequately control downwind pollution. But the court also ruled that the EPA can consider the cost of pollution controls and does not have to require states to reduce pollution by the precise amount they send to downwind states.
The appeals court, in its ruling, said the EPA's rule imposed overly strict limits on the 13 upwind states. As a practical matter, the limits would result in downwind states "overachieving" air quality standards for harmful pollutants, the court said.
Frank O'Donnell, president of Clean Air Watch, an environmental advocacy group, scoffed at the idea that the EPA rule was overly strict.
"The reality is we need more pollution control of power plants, not less," he said, noting that the pollution standards used by the EPA were developed in the 1990s.
"The targets involved in this case are so outmoded that they are almost irrelevant," O'Donnell said.
"We know in reality that these power plants are going to have to clean up even more to meet modern standards," O'Donnell added, referring to new EPA rules on soot and smog expected in the next few months.
The EPA also is expected to release a final rule as soon as next week on a historic plan to limit carbon pollution from coal-fired power plants. EPA Administrator Gina McCarthy has said the agency will be flexible and work with states on the first-ever controls on power plants for the gases blamed for global warming.
Ross Eisenberg, vice president of the National Association of Manufacturers, called the court ruling a disappointment because it upholds the current regulation.
"We are committed to clean air and water...but need balanced, achievable regulations that don't leave manufacturers in constant regulatory limbo as the courts interpret overly aggressive policies," he said
Excellent point of view. Most impressive move back to where we were before that ruling. Confidence in the CEO is part of this move. Holding long here
Should be no Surprise here on MEEC!!! Expected PPS correction.
Nice volume so far! Almost back to normal share price prior to Supreme Court ruling June 29. The bet here is, from what I believe is the $MEEC investors are seeing like the Midwest President Richard MacPherson stated "We are conducting business as usual, providing critical compliance options to our utility customers. We await further developments from the lower court and will inform shareholders of developments in a timely manner."
EPA Administrator Gina McCarthy said she was disappointed with last week's court ruling, but said comparing the mercury rule to the nearly finalized climate plan is "comparing apples and oranges."
The Supreme Court, in a 5-4 decision, ruled June 29 that the EPA should have considered the costs and benefits of its plan before deciding to impose limits on mercury and other hazardous air pollutants
A majority of U.S. power plants have already invested millions of dollars to install pollution controls needed to comply with the mercury rule, so the practical effect of the court's ruling will be limited, McCarthy said at a speech sponsored by the Christian Science Monitor.
The court decision did not set aside the mercury rule, but merely returned it to a lower court to decide how a cost-benefits analysis should be conducted, McCarthy said, adding that she is confident the rule eventually will be implemented.
Article dated July 7,2015 EPA Chief: Climate Plan on Track Despite Mercury Ruling.
WASHINGTON — Jul 7, 2015, 2:30 PM ET
By MATTHEW DALY Associated Press
Associated Press
A Supreme Court ruling that undermined a federal rule targeting mercury pollution will not affect the Obama administration's plan to limit greenhouse gas emissions to slow the effects of global warming, the head of the Environmental Protection Agency said Tuesday.
EPA Administrator Gina McCarthy said she was disappointed with last week's court ruling, but said comparing the mercury rule to the nearly finalized climate plan is "comparing apples and oranges."
The Supreme Court, in a 5-4 decision, ruled June 29 that the EPA should have considered the costs and benefits of its plan before deciding to impose limits on mercury and other hazardous air pollutants.
McCarthy described the ruling as "very narrow" and said it posed little threat to the 2011 mercury rule and even less risk to the climate rule, a separate effort that sets unprecedented carbon dioxide limits for coal-fired power plants that contribute to global warming.
A majority of U.S. power plants have already invested millions of dollars to install pollution controls needed to comply with the mercury rule, so the practical effect of the court's ruling will be limited, McCarthy said at a speech sponsored by the Christian Science Monitor.
The court decision did not set aside the mercury rule, but merely returned it to a lower court to decide how a cost-benefits analysis should be conducted, McCarthy said, adding that she is confident the rule eventually will be implemented.
"There's very compelling reasons for the utilities to continue to treat this as a requirement, and I think you'll see them doing that," she said.
Meanwhile, the Obama administration is on track to complete the so-called Clean Power Plan next month, McCarthy said. The plan is intended to cut earth-warming pollution from power plants by 30 percent by 2030, setting in motion one of the most significant U.S. actions ever to address global warming. Once completed, the rule will set the first national limits on carbon dioxide from existing power plants, the largest source of greenhouse gases in the U.S.
Congressional Republicans have vowed to block the rule and some GOP governors have said their states will not comply. McCarthy said she also expects a series of legal challenges to the rule, but said she is confident the administration will prevail.
"We're actually very good at writing rules and defending them in court, and this will be no exception," she said.
On a related topic, McCarthy slammed proposed spending cuts being pushed by Republicans in Congress, saying they could have significant impact on "the core functions of the agency."
The House is debating a bill this week that would slash the EPA's budget by 9 percent and block the agency from advancing a host of new rules, including the plan to reduce greenhouse gas emissions from existing power plants.
EPA officials receive calls daily from states and localities with questions about enforcement of environmental rules, McCarthy said, adding that the proposed budget cuts could make it difficult to answer those calls.
If the EPA can't answer those questions, who will? McCarthy asked. "Ghostbusters won't answer the phone," she said.
Green aaaaaaaagain...MEEC is stabilizing and lots are missing out, not me!
The longer MEEC stays in this buying range I will be adding, you'd be wise to grab anything below .35 IMO
When MEEC corrects this week...its peanut butter jelly time!
Excellent point and well taken. I am gonna hold long. Glad they responded.
Midwest Energy Emissions Corp. Comments on Supreme Court Decision on MATS
LEWIS CENTER, OH--(Marketwired - July 02, 2015) - Midwest Energy Emissions Corp. (OTCQB: MEEC), an emerging leader in mercury emissions control technology for the global coal-power industry, provided commentary today regarding the U.S. Supreme Court decision on June 29thto remand the Environmental Protection Agency's (EPA) Mercury and Air Toxic Standards (MATS) back to the U.S. Court of Appeals for the D.C. Circuit.
Commenting on the Supreme Court decision, Midwest President Richard MacPherson stated, "The Supreme Court ruling on Monday June 29th has left in place the US Environmental Protection Agency's authority to set regulations on mercury from power plants. This decision will require the EPA to reconsider MATS by taking the costs for compliance into consideration at an earlier stage of the process, under the direction of the DC Circuit Court. In the meantime, it appears that the current MATS rule remains operative until the DC Circuit Court determines otherwise. In turn, we are conducting business as usual, providing critical compliance options to our utility customers. We await further developments from the lower court and will inform shareholders of developments in a timely manner."
Continued President Richard MacPherson, "ME2C will continue to be a leader in providing the most cost-effective, dynamic solutions to the emerging global market for mercury air emissions control at coal and oil fired power plants. The Supreme Court decision regarding MATS is a development for which we are well prepared. As utilities across North America -- whether under state, provincial or federal regulations -- continue to meet their mercury emissions regulations, Midwest Energy Emissions Corp. will offer them the best options possible to do so."
About Midwest Energy Emissions Corp. (ME2C) Midwest Energy Emissions Corp. delivers patented and proprietary solutions to the global coal-power industry to remove mercury from their power plant emissions, providing performance guarantees and leading edge emissions services. The U.S. Environmental Protection Agency's (EPA) Mercury and Air Toxic Standards (MATS) rule requires that all coal- and oil-fired power plants in the U.S., larger than 25 mega-watts, must remove roughly 90% of mercury from their emissions starting April 16, 2015. ME2C has developed patented technology and proprietary products that have been shown to achieve mercury removal levels compliant with MATS at a significantly lower cost and with less operational impact than currently used methods, while preserving the marketability of fly-ash for beneficial use.
Safe Harbor Statement
With the exception of historical information contained in this press release, content herein may contain "forward looking statements" that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Investors are cautioned that forward looking statements involve risks and uncertainties that could cause actual results to differ materially from the statements made. Matters that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the gain or loss of a major customer, additional or new EPA regulations affecting coal-burning utilities, disruption in supply of materials, a significant change in general economic conditions in any of the regions where our customer utilities might experience significant changes in electric demand, a significant disruption in the supply of coal to our customer units, the loss of key management personnel, failure to obtain adequate working capital to execute the business plan and any major litigation regarding the Company. In addition, this release contains time-sensitive information that reflects management's best analysis only as of the date of this release. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance related to forward-looking statements contained in this release can be found in the Company's periodic filings with the Securities and Exchange Commission.
Contact:
Keith R. McGee
Sr. Vice President
Business Development & Investor Relations
Midwest Energy Emissions Corp.
614-505-6115
kmcgee@midwestwemissions.com
Source: Marketwired (Canada) (July 2, 2015 - 8:00 AM EDT)
MEEC - Offers the best option possible to supply utilities ability to meet emission regulations.
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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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