Calgon Carbon Corporation CCC declared that it is content with the ruling by the U.S. Court of Appeals for the District of Columbia Circuit to carry on with the Mercury and Air Toxics Standards (“MATS”) rule, and remand related proceedings to the Environmental Protection Agency (“EPA”).
In this regard, the U.S. Court of Appeals stated that the EPA remains on track to issue a final verdict about the MATS rule by Apr 15, 2016. The MATS rule denotes the first national standard for the reduction of power plant emissions of mercury and other air toxins. It has set up a compliance deadline of Apr 16, 2015 for current facilities.
According to Randy Dearth, Chairman, President and CEO of Calgon Carbon, management welcomes the court’s decision as the company is well-poised to provide its power plant customers with cost-efficient and high-quality mercury emission control products. He further stated that a few power plants will start abiding by the MATS rule on Apr 16, 2016.
After 8 years of research, more than $7 million of R&D investments and roughly 75 full-scale trials, Calgon Carbon offers three generations of carbon for coal-fired power plants, under the brand name, FLUEPAC activated carbon. The product line also includes third-generation FLUEPAC STF and FLUEPAC SF3 products, which facilitate superior mercury removal, using 90% less activated carbon than first-generation products.
Calgon Carbon believes that choosing from its range of high performing products will prove to be a cost-effective solution for utilities that have been granted extensions to comply with the MATS rule by Apr 2016.
The company reaffirmed its guidance for full-year 2015 mercury removal revenues in the band of $55−$60 million. Also, assuming that the MATS rule will stay in effect, the company expects its annual mercury removal revenues to rise in both 2016 and 2017.
Calgon Carbon currently carries a Zacks Rank #5 (Strong Sell).
Some better-ranked companies in the pollution control space include LiqTech International, Inc. LIQT, Perma-Fix Environmental Services Inc. PESI and Energy Recovery, Inc. ERII. All of them carry a Zacks Rank #2 (Buy).
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