Calgon Carbon CCC has secured a contract from a petroleum refining company in the Midwest to supply 30 carbon adsorption systems and reactivation services to control vapor emissions.
The value of the three-year contract will be based on the amount of spent activated carbon that is reactivated annually, which is expected to be more than 2 million pounds a year.
The carbon adsorption systems provided by Calgon Carbon under the contract comprise 30 VAPORPAC 10 vessels, each containing 12,500 pounds of granular activated carbon (GAC). When the GAC is spent, it will be taken from the refining site and reactivated at the company’s Catlettsburg, KY, plant.
Calgon Carbon’s carbon adsorption system will be used by the refinery to capture vapor during venting operations in conformity with Benzene/National Emission Standards for Hazardous Air Pollutants (“NESHAP”) clean air regulations. The system has been selected as it offers a cost-effective solution to capture volatile organic contaminants from air streams.
The contract win testifies Calgon Carbon’s ability to offer a comprehensive solution, including reactivation services, to refinery customers for their vapor recovery requirements.
Calgon Carbon’s strategic initiatives position it for significant growth in the long term. The company’s reactivation facilities have remarkably supported its growth and have established its presence in several markets.
Calgon Carbon is witnessing strong demand for its reactivation services and ballast water treatment systems (BWTS), manifested by solid order gains and contract wins.
However, Calgon Carbon’s Equipment division remains a weak link. Lower sales of traditional carbon equipment and UV systems are contributing to reduced revenues in this business.
Calgon Carbon, one of the prominent pollution control companies along with CECO Environmental Corp. CECE, Donaldson Company, Inc. DCI and Sharps Compliance Corp. SMED, currently holds a Zacks Rank #3 (Hold).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment