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Midwest Energy Emissions Corp. provides patented, cost-effective mercury capture solutions to coal-fired power plants and industrial coal-burning units. The company's innovative technology allows compliance with strict mercury emission regulations without disrupting current operations, preserving the ability to recycle fly-ash for beneficial use. With a focus on continuous innovation, the company aims to deliver cutting-edge, cost-effective solutions for mercury emission control globally.
The latest news includes a significant debt repayment, the facilitation of stock sales, the introduction of new sorbent technologies, the commercialization of WE2C Environmental in 2025, and strong financial results for Q1 2024.
Midwest Energy Emissions Corp. (OTCQB: MEEC) will host an investor conference call and live webcast on August 17, 2022, at 4:30 PM ET to discuss its financial results. A press release detailing these results will be issued prior to the event. Participants can dial in using 1-877-407-0789 (U.S.) or 1-201-689-8562 (international) with the conference code 13732295. A playback of the call will be available until September 17, 2022. MEEC focuses on developing solutions for the global power industry, particularly in mercury emissions reduction.
Midwest Energy Emissions Corp. (MEEC) reported a revenue increase of 10% in Q1 2022, reaching $3.3 million, primarily driven by sorbent product sales of $3.2 million. However, the company's cost of sales rose to $2.3 million, leading to total expenses of $4.5 million, a significant increase from last year's $3.4 million. This resulted in a net loss of $1.1 million compared to $0.4 million in Q1 2021. Adjusted EBITDA also declined to $(394,000) from $69,000.
Midwest Energy Emissions Corp (OTCQB: MEEC) reported its Q4 2021 revenue increased by 17.4% to $2.7 million, while FY2021 revenue surged 59.5% to $13.0 million. Adjusted EBITDA improved from a loss of $735,000 in 2020 to a gain of $297,000 in FY2021. The company anticipates revenue growth of 60% year-over-year for FY2022. Management highlighted strong demand for its mercury emissions technologies and committed to long-term growth strategies.
Midwest Energy Emissions Corp. (MEEC) will host an investor conference call and live webcast on April 6, 2022, at 11:00 AM ET to discuss its financial results. A press release providing details on these results will be released before the call. Interested participants can join by dialing 1-877-407-0789 in the U.S. or 1-201-689-8562 internationally, using the conference code 13728338. A playback of the call will be available until May 6, 2022. For more information, visit ME2C Environmental.
Midwest Energy Emissions Corp. (OTCQB: MEEC) announced it has exercised its right of first refusal for a mercury emissions capture supply contract with a major coal utility in the Midwest. This move follows a license agreement established in 2021, valued at approximately $1 million annually. The utility will begin testing MEEC’s SEA® products soon, aiming to meet stringent compliance requirements. The company also plans to leverage its Texarkana batch plant for enhanced supply capabilities, reinforcing its revenue stream and growth potential.
Midwest Energy Emissions Corp. (MEEC) has been invited to present at the 34th Annual Roth Conference from March 13-15, 2022, in Dana Point, California. The company's CEO, Richard MacPherson, will participate in a fireside chat on March 15 at 5:00 PM ET, discussing the environmental services industry. A pre-recorded webcast of the presentation is available via a new link due to a previous non-working link. MEEC specializes in patented solutions for reducing mercury emissions in the power industry, promising lower costs and higher operational efficiency.
CORSICANA, TX, March 08, 2022 - Midwest Energy Emissions Corp. (MEEC) has been invited to present at the 34th Annual Roth Conference from March 13-15, 2022. CEO Richard MacPherson will participate in a fireside chat on March 15 at 5:00 PM ET. The presentation will highlight recent company news, including anticipated 2021 revenues of approximately $13 million and 2022 guidance between $20-$22 million, reflecting a 60% growth. The presentation will be accessible via the conference website, offering insights into the company's mercury emissions solutions and rare earth element technologies.
Midwest Energy Emissions Corp. (OTCQB: MEEC) announced that CEO Richard MacPherson will present at the Q1 Virtual Investor Summit on March 8, 2022, at 10:15 a.m. ET. The presentation will cover recent developments including increased business in its patented Sorbent Enhancement Additive (SEA®) for mercury emissions and advancements in rare earth element processing. MacPherson expects full-year 2021 revenues of approximately $13.0 million, up from $8.2 million in 2020, with 2022 revenue guidance between $20-$22 million, indicating a 60% growth.
Midwest Energy Emissions Corp. (OTCQB: MEEC) announced a multi-year contract renewal valued at $1.5 million, extending its supply of patented Sorbent Enhancement Additive (SEA®) technologies for mercury emissions capture to a major utility customer in the U.S. This renewal follows another contract established in January for two additional plants. The CEO highlighted the long-term benefits and capacity for MEEC to support utilities in achieving reduced mercury emissions as coal-fired power generation increases across the country.
Midwest Energy Emissions Corp. (OTCQB: MEEC) announced a preliminary revenue increase of at least 60% year-over-year for 2022. The company anticipates reaching approximately $20 to 22 million in revenue, driven by strong customer demand and new licensing agreements. In 2021, MEEC reported preliminary revenues of approximately $13 million, up from $8.2 million in 2020. Key achievements include eliminating convertible debt, gaining new licensees, and progressing in litigation against refined coal entities. The company is poised for significant growth in the environmental technology sector.
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