By Editors of Power Engineering
Midwest Energy Emissions Corp. has acquired all patent rights for its Sorbent Enhancement Additive mercury emissions control technology from the Energy & Environmental Research Center Foundation. Midwest Energy acquired the rights for the price of $2.5 million and 925,000 shares of common stock in Midwest.
Richard MacPherson, President and CEO of Midwest Energy, met with EERCF board members in Grand Forks, North Dakota, on May 24, 2017, to commemorate the acquisition. “We are proud to have achieved this acquisition, which covers our proprietary two-part process for mercury control, said Richard MacPherson, President and CEO of Midwest Energy. “The patents provide us with additional growth and revenue-generating opportunities throughout North America, and we are looking forward to continuing to deliver first-class technology to our clients.”
Midwest Energy’s technology is designed to provide coal fired power plant operators the ability to meet any and all environmental requirements as required by law. Prior to the acquisition, ME2C maintained an exclusive, worldwide license to the technology since 2009.
The SEA technology was originally developed by the University of North Dakota Energy & Environmental Research Center.