Advanced Emissions Solutions announces the lease of additional refined coal facility
Published by Louise Mulhall,
Editorial Assistant
World Coal,
Advanced Emissions Solutions, Inc. (NASDAQ:ADES) has announced that Tinuum Group, LLC (Tinuum Group), a joint venture among the company's subsidiary ADA-ES, Inc., an affiliate of NexGen Resources Corporation, and an affiliate of The Goldman Sachs Group, Inc., has leased an additional Refined Coal (RC) facility to an existing RC investor. The RC facility is located at a coal plant that has historically burned approximately 5.5 million short tpy and is royalty bearing to ADES. With this addition, Tinuum Group has 14 invested facilities in full-time operation.
L. Heath Sampson, President and CEO of ADES, commented, “As we stated on our fourth quarter’s earnings call, we have completed the lease of an RC facility to an existing investor and are pleased to see the growth in our business. We are proud to help power utilities and investors achieve their emission reduction requirements and business goals. This closing further reflects the strength in Tinuum’s offerings and business model. 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/power/24032017/advanced-emissions-solutions-announces-the-lease-of-additional-refined-coal-facility/
You might also like
Coal exit and workforce shortages keep short-term Australian power prices high
Cornwall Insight has reported that the ongoing phase-out of coal facilities and the sluggish progress in launching new renewable energy projects is poised to push Australian electricity prices higher until 2030.