ADA-ES, Inc. announced that the Board of Directors has approved the execution of two critical contracts to initiate the construction of its activated carbon (AC) plant in Northwest Louisiana. The first contract is for the purchase of four multiple-hearth furnaces, which are key components of the AC production process. An additional contract was placed through the Company’s engineering, procurement, and construction (EPC) contractor for the purchase of a boiler to generate steam for the activation of the carbon. ADA believes that these contracts keep the Company on the critical path to maintain the schedule for the plant to start producing AC in the first half of 2010.

As the market for energy related capital items continues to reflect increased pricing and limited availability, the procurement of these components locks down the equipment with the longest lead times. Dr. Michael D. Durham, President and CEO of ADA-ES, commented, “These contracts to initiate the construction of our AC plant represent a significant commitment by the Company to meet the needs of our customers in the power industry for mercury control. The decision by the Board to approve these contracts reflects its confidence that the Company will be able to finalize remaining contracts and equity financing issues in the near future.”

Dr. Durham continued, “The Company and our project development team have successfully navigated through a number of external events and new issues and kept this project on track. Meanwhile, the mercury control market has solidified, as we had projected, creating a favorable business environment capable of supporting the financial returns necessary to justify our aggressive business strategy. We will keep our investors and customers abreast of progress on the construction of the plant.”

ADA-ES is a leader in clean coal technology and the associated specialty chemicals. The Company develops and implements proprietary environmental technology and specialty chemicals that enable coal-fueled power plants to enhance existing air pollution control equipment, maximize capacity and improve operating efficiencies. Through its largest and fastest-growing segment, Mercury Emission Control, ADA-ES supplies activated carbon injection systems, activated carbon, mercury measurement instrumentation, and related services. To meet the needs of the power industry for mercury control, the Company is developing state-of-the-art facilities to produce activated carbon (AC) with the first plant projected to come on-line in 2010. Additionally, the Company is developing technologies for power plants to address issues related to the emissions of carbon dioxide.

This entry was posted on Wednesday, August 20th, 2008 at 8:06 pm and is filed under Coal Energy, Energy Companies, Renewable Energy, Sustainable Energy. Tags: activated carbon injection systems ADA-ES Inc. air pollution control equipment car chemical chemicals clean coal technology Construction Durham energy engineering environmental technology Louisiana Michael D. Durham Northwest pollution control systems technologies technology . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.