Midwest Energy Emissions Corp. (OTCQB: MEEC) (ME2C), a leader in mercury emissions control in North America, has acquired all patent rights for its Sorbent Enhancement Additive (SEATM) mercury emissions control technology from the Energy & Environmental Research Center Foundation (EERCF), an organisation that works to provide innovative solutions to the world’s energy and environmental challenges. ME2C acquired the rights for the price of US$2.5 million and 925 000 shares of common stock in ME2C.
Richard MacPherson, President and CEO of ME2C, met with EERCF Board members in Grand Forks, North Dakota today to commemorate the acquisition. “We are proud to have achieved this acquisition, which covers our proprietary two-part process for mercury control, MacPherson said. “The patents provide us with additional growth and revenue-generating opportunities throughout North America, and we look forward to continuing to deliver first-class technology to our clients.”
ME2C’s holistic approach and patented technology is designed to provide coal-fired power plant operators the ability to meet all environmental requirements as required by law. ME2C’s team of experts evaluates individual power plants to offer customised solutions for mercury emissions capture. ME2C’s approach increases the efficiency of operations and lowers costs for the utility, while eliminating any balance of plant issues. Prior to the acquisition, ME2C maintained an exclusive, worldwide license to the technology since 2009.
The SEATM Technology was originally developed by the University of North Dakota Energy & Environmental Research Center (EERC).
Read the article online at: https://www.worldcoal.com/power/25052017/midwest-energy-emissions-corp-completes-the-acquisition-of-full-patent-rights-from-eercf/