Approximately 150,000 tons of by-products each year will be recycled and sold for use in the ready-mixed concrete and aggregate industries
Louisville, Kentucky / ACCESSWIRE / November 4, 2021 / Charah® Solutions, Inc. (NYSE: CHRA) (the "Company") is a leading provider of mission-critical environmental services and by-product sales for the power generation industry, It was announced today that it has received a five-year sales and marketing contract from Associated Electric Cooperative Inc. (AECI), a power generation and transmission cooperative operating in three Midwestern states for the sustainable recycling of AECI Thomas' fly ash, bottom ash and boiler slag. Hill Energy Center. AECI is owned by and provided wholesale power to 6 regions and 51 local power cooperative systems in Missouri, southeastern Iowa, and northeastern Oklahoma, serving 935,000 members. Thomas Hill Energy Center is a 1,153-megawatt coal-fired power station located near Clifton Hill, Missouri.
By 2026, Charah Solutions will be responsible for the beneficiation and utilization of approximately 150,000 tons of specification grade C fly ash, non-specification grade C fly ash, bottom ash and boiler slag each year. The by-products will be distributed through Charah Solutions’ MultiSource® material network, a unique distribution system with nearly 40 nationwide locations, with international sourcing and distribution capabilities, available to cement and concrete producers and other customers who beneficially reuse products Continuous and reliable supply of supplementary cementitious materials (SCM). It is expected that most of the ashes will be transported by truck within 200 miles of the factory location, and the remaining products will be sold to encapsulated beneficial applications in the greater Kansas City and St. Louis metropolitan areas.
As a sustainability leader in public utility services for more than 30 years, Charah Solutions is committed to protecting our natural resources in an environmentally conscious manner through the Ash Marketing Program. Sustainability is the core value of Charah Solutions. Our business focuses on developing innovative solutions for complex environmental problems to improve the planet, the communities in which we operate, and our customers. The beneficial use of fly ash in concrete products is beneficial to the hardening and plastic state of concrete. In addition to improving the quality of finished products, the use of fly ash in green concrete products and other applications not only eliminates the need to dispose of fly ash in landfills, but can also significantly reduce the overall carbon footprint and protect by replacing materials that may affect us Our natural resources. Otherwise, these products must be mined and processed.
Scott Sewell, President and CEO of Charah Solutions, said: "Charah Solutions is a nationally recognized total solution company for the power generation industry, providing unparalleled service and innovation in a sustainable manner to meet the ever-changing and increasingly complex Demand. "We are very pleased to work with AECI to manage their ash marketing needs at Thomas Hill, while providing our concrete producers with the high-quality materials they need. "
Click here to view the full map of Charah Solutions' MultiSource materials network location.
Charah Solutions, Inc. has 30 years of experience and is a leading supplier of environmental services and by-product sales to the power generation industry. Charah Solutions, headquartered in Louisville, Kentucky, assists utilities and independent power producers in all aspects to sustainably manage and recover the ash by-products from coal combustion during power generation. The company also designs and implements solutions for ash pond management and closure, landfill construction, fly ash sales and structural filling projects. Charah Solutions is the partner of choice to solve customers' most complex environmental challenges. As an industry leader in quality, safety and compliance, the company is committed to reducing greenhouse gas emissions in order to achieve a cleaner energy future. For more information, please visit www.charah.com/ or download our 2020 Environmental, Social and Governance (ESG) report from www.charah.com/sustainability.
MultiSource is a trademark of Charah, LLC. In the U.S.
About United Electric Cooperative
Associated Electric Cooperative Inc. is owned by 6 districts and 51 local power cooperatives in Missouri, southeastern Iowa, and northeastern Oklahoma, and provides wholesale electricity to 935,000 members. Associated's mission is to provide its members with economical and reliable power supply and support services. Associated is the Touchstone Energy Cooperative. For more information, please visit www.aeci.org.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Except for statements of historical facts, all statements in this press release that involve activities, events or developments that the company expects, believes, or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements are identified by the terms and phrases they use, such as "may", "expect", "estimate", "project", "plan", "believe", "intend", "achievable", "anticipate" "," "will", "continue", "potential", "should", "may" and similar terms and phrases. These statements are based on certain assumptions made by the company based on management’s experience and views on historical trends, current conditions, expected future development and other factors deemed appropriate. Such statements are subject to many assumptions, risks and uncertainties, many of which are beyond the company's control, which may cause actual results to differ materially from those implied or expressed in forward-looking statements. For more information on risk factors, please refer to the company's Form 10-K for the fiscal year ending December 31, 2020 and other periodic reports filed with the U.S. Securities and Exchange Commission.
Any forward-looking statements are only issued on the date of making such statements, and the company assumes no obligation to correct or update any forward-looking statements, whether due to new information, future events, or other reasons, unless required in accordance with applicable laws.
Investors contact Roger Shannon Charah Solutions (502) 245-1353 ir@charah.com
Media Contact Tamara Davis PriceWeber Marketing (270) 202-8516 media@charah.com
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