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Advanced Emissions Solutions Announces Additional Refined Coal Facility Closure with Third-Party Investor

Oct 24, 2018 4:30 PM

Increases to 19 total invested Refined Coal facilities

HIGHLANDS RANCH, Colo., Oct. 24, 2018 (GLOBE NEWSWIRE) -- Advanced Emissions Solutions, Inc. (NASDAQ: ADES) (the "Company" or "ADES") today 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 completed a transaction for an additional Refined Coal ("RC") facility.  The RC facility is located at a coal plant that has historically burned in excess of 3.0 million tons of coal per year and is royalty bearing to ADES.  With this addition, Tinuum Group has 19 invested facilities in full-time operation.

L. Heath Sampson, President and CEO of ADES, commented, “We continue to be pleased with the cadence of ongoing discussions with both existing and potential tax equity investors, as evidenced by this most recent closure. The progression of these talks also reaffirms the steps taken to enter idle RC facilities into the engineering and construction phase in anticipation of securing third-party investors for the remaining facilities. Tinuum, with support from ADES and Tinuum’s other owners, continues to focus on securing additional tax equity investors to support lowering emissions at utilities as well as increase shareholder value."

About Advanced Emissions Solutions, Inc.
Advanced Emissions Solutions, Inc. serves as the holding entity for a family of companies that provide emissions solutions to customers in the power generation and other industries.

ADA-ES, Inc. (“ADA”) is a wholly-owned subsidiary of Advanced Emissions Solutions, Inc. (“ADES”) that provides emissions control solutions for coal-fired power generation and industrial boiler industries. With more than 25 years of experience developing advanced mercury control solutions, ADA delivers proprietary environmental technologies, equipment and specialty chemicals that enable coal-fueled boilers to meet emissions regulations. These solutions enhance existing air pollution control equipment, maximizing capacity and improving operating efficiencies.   Our track record includes securing more than 40 US and international patents for emissions control technology and systems and selling the most activated carbon injection systems for power plant mercury control in North America. For more information on ADA, and its products and services, visit

Tinuum Group, LLC (“Tinuum Group”) is a 42.5% owned joint venture by ADA that provides ADA’s patented Refined Coal (“RC”) CyClean™ technology to enhance combustion of and reduce emissions of NOx and mercury from coals in cyclone boilers and ADA’s patented M-45™ and M-45-PC™ technologies for Circulating Fluidized Bed boilers and Pulverized Coal boilers respectively.

Source: Advanced Emissions Solutions, Inc.

Investor Contact:

Alpha IR Group
Ryan Coleman or Chris Hodges

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Source: Advanced Emissions Solutions, Inc.