Midwest Energy Emissions announces another technology license agreement

Midwest Energy Emissions announced the signing of a five-year license agreement with a utility in the Southwest to provide a non-exclusive license to certain ME2C patents for use in connection with the utility’s coal-fired power plants. The licensed patents relate to ME2C’s two-part Sorbent Enhancement Additive, SEA, process for mercury removal from coal-fired power plants. The five-year license agreement includes an annual sum to be paid to ME2C Environmental for use of the Company’s patented processes for mercury emissions capture. "We are pleased to add this significant new business partner, seventh new licensee of our patented technologies since 2020 and the product of our legal outreach across the coal-fired utility market," stated Richard MacPherson, Chief Executive Officer of ME2C Environmental. "Our efforts to bring awareness to the U.S. coal-fired fleet of our patent position in mercury emissions technology have been successful as we continue to grow our strong customer base with new licensees and supply partners. ME2C has gained direct product supply business with a number of these new license partners, and we believe that there is a good potential for ME2C to augment this agreement with product supply sometime in the future. This technology license issued to a major Southwest utility is strong recognition of our patents and the tangible benefits that our technologies provide.