Tinuum Group, LLC (Tinuum Group), a joint venture among a subsidiary of Advanced Emissions Solutions, Inc., ADA-ES, Inc., an affiliate of NexGen Resources Corp, and an affiliate of the Goldman Sachs Group, Inc., has reportedly completed a transaction for an additional refined coal (RC) facility. The RC facility is located at a coal plant that has historically burned approximately 3.3 million tpy of coal and is royalty bearing to ADES. With this addition, Tinuum Group has 18 invested facilities in full time operation.
President and CEO of ADES, L. Heath Sampson, commented: “As we stated on our first quarter's earnings call, we had two facilities in the engineering and construction phase; we are excited to announce that a third-party has now acquired one of these facilities. This transaction continues to validate the strength in Tinuum's offerings and business model. We are proud to help power utilities and investors achieve their emission reduction requirements and business goals. Tinuum, with support from ADES and Tinuum’s other owners, is diligently focused on securing additional tax equity investors and increasing production of lower emission coal to power our country.”
Read the article online at: https://www.worldcoal.com/coal/28062018/tinuum-group-to-open-refined-coal-facility/