ADA-ES Inc. (Nasdaq: ADES) has received 10 contracts for activated carbon injection systems from three separate utilities, with work beginning on the contracts immediately. Deliveries on the contracts, which are collectively values at more than $7 million, will be in the fourth quarter of 2013 and 2014.
The company said the contracts are a result of the U.S. Environmental Protection Agency’s Mercury and Air Toxics Standard. The requirement that coal-fired power plants reduce emissions by April 2015 could generate a total market of about $1 billion for activated carbon injection and dry sorbent injection systems, according to ADA-ES.
ADA-ES, which states it expects to maintain combined market share of about 35 percent, has now received contracts for more than $50 with active bids for more than $125 million for active carbon injection systems and more than $160 million for dry sorbent injection systems.
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