Calgon Carbon and Brenntag Canada Inc. Awarded Contract to Supply Second Generation Advanced FLUEPAC
Calgon Carbon and Brenntag Canada Inc. Awarded Contract to Supply Second Generation Advanced FLUEPAC® Carbon for Mercury Removal
PITTSBURGH--(BUSINESS WIRE)-- Calgon Carbon Corporation (NYS: CCC) and its exclusive distributor Brenntag Canada Inc. (Brenntag) have secured a contract from a large Canadian electricity generator for the supply of a new, second-generation advanced FLUEPAC® powdered activated carbon. Calgon Carbon's FLUEPAC STF will be used to remove mercury from the flue gas of two coal-fired electric generating plants. The contract is an extension of an existing supply agreement for a first-generation advanced FLUEPAC product. The agreement will be in place through December 2015, and based on estimated demand, the cost to the customer is expected to be between $25 and $30 million. There is also an option in the distributor's contract to extend the contract through 2017.
Calgon Carbon and Brenntag were awarded the contract following a rigorous testing program, conducted by the customer that required each potential supplier to provide activated carbon for full-scale performance testing. Several of Calgon Carbon's advanced products were tested against competitors' products, with FLUEPAC STF providing the best overall value solution to the electricity generator. In more than 20 full-scale tests, Calgon Carbon's FLUEPAC products have consistently met rigorous treatment objectives, while using 50% to 70% less carbon than competing products.
Commenting on the announcement, Bill Zinsser, Vice President of Calgon Carbon, said, "This contract is a testament to the level of confidence that our electric utility and generation customers place in the quality and reliability of Calgon Carbon's advanced FLUEPAC products. It also affirms our decision to invest in the development of advanced products that deliver more value."
"Brenntag Canada is extremely pleased with the successful execution of the contract to supply activated carbon. Calgon Carbon's advanced FLUEPAC material and the support of Brenntag's local personnel and infrastructure were the winning combination in earning the ongoing carbon business," said Michael Staley, President of Brenntag Canada Inc.
For more information about Calgon Carbon's leading activated carbon and ultraviolet technology solutions for municipalities and industries, visit www.calgoncarbon.com.
Calgon Carbon Corporation, headquartered in Pittsburgh, Pennsylvania, is a global leader in services and solutions for making water and air safer and cleaner.
This news release contains historical information and forward-looking statements. Forward-looking statements typically contain words such as "expect," "believe," "estimate," "anticipate," or similar words indicating that future outcomes are uncertain.Statements looking forward in time, including statements regarding future growth and profitability, price increases, cost savings, broader product lines, enhanced competitive posture and acquisitions, are included in the company's most recent Annual Reportpursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. They involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to be materially different from any future performance suggested herein.Further, the company operates in an industry sector where securities values may be volatile and may be influenced by economic and other factors beyond the company's control.Some of the factors that could affect future performance of the company are changes in, or delays in the implementation of, regulations that cause a market for our products, acquisitions, higher energy and raw material costs, costs of imports and related tariffs, labor relations, capital and environmental requirements, changes in foreign currency exchange rates, borrowing restrictions, validity of patents and other intellectual property, and pension costs.In the context of the forward-looking information provided in this news release, please refer to the discussions of risk factors and other information detailed in, as well as the other information contained in the company's most recent Annual Report.
Calgon Carbon Corporation
Gail A. Gerono, Vice President - Investor Relations and Communications, 412-787-6795
KEYWORDS: United States North America Canada Pennsylvania
The article Calgon Carbon and Brenntag Canada Inc. Awarded Contract to Supply Second Generation Advanced FLUEPAC® Carbon for Mercury Removal originally appeared on Fool.com.
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