Calgon Carbon Responds To Supreme Court's Decision To Overturn MATS (Mercury And Air Toxics Standards) Rule For Power Plants
PITTSBURGH, PA – 06/29/2015
Calgon Carbon Corporation (NYSE: CCC) responds to today’s ruling by the United States Supreme Court, which overturned the U.S. EPA’s MATS rule. The MATS rule would have represented the first national standard for the reduction of power plant emissions of mercury and other air toxins. As a result of regulations already in place in certain states and in Canada, many power plants are already investing in solutions that utilize powdered activated carbon to reduce mercury emissions.
“We knew this decision could go either way; and while it is disappointing, there are mercury control regulations in place in many states and Canada that have already established a sizable market. We continue to expect to increase our activated carbon mercury removal market revenues by approximately 50% this year,” said Randy Dearth, Chairman, President and CEO of Calgon Carbon Corporation.
The Company estimates the size of the current market to control power plant mercury emissions created by certain state and Canadian regulations to be in the range of 120 million to 160 million pounds of powdered activated carbon per year (as measured in standard first generation product quantities). To serve this market, Calgon Carbon offers three generations of carbon for coal-fired power plants, under the brand name FLUEPAC® activated carbon, representing eight years of R&D and roughly 75 full-scale trials.
Looking beyond the mercury removal market, which represented approximately 5% of Calgon Carbon’s total sales in 2014, the company continues to focus on other near- and long-term revenue growth drivers. These include growing outsourced activated carbon distribution activities outside the United States, the impact of adding capacity through previously announced plant efficiency and expansion projects, converting North American municipal water customers to activated carbon and reactivation solutions, capitalizing on the emerging ballast water treatment equipment retrofit market, expanding the company’s reach into new geographies including Latin America and India, and executing strategic business acquisitions.
Pure Water. Clean Air. Better World.
Calgon Carbon Corporation (NYSE:CCC) is a global leader in innovative solutions, high quality products and reliable services designed to protect human health and the environment from harmful contaminants in water, and air. As a leading manufacturer of activated carbon, with broad capabilities in ultraviolet light disinfection, the Company provides purification solutions for drinking water, wastewater, pollution abatement, and a variety of industrial and commercial manufacturing processes.
Calgon Carbon is the world’s largest producer of granular activated carbon and supplies more than 100 types of activated carbon products – in granular, powdered, pelletized and cloth form – for more than 700 distinct applications. Headquartered in Pittsburgh, Pennsylvania, Calgon Carbon Corporation employs approximately 1,100 people at more than 15 manufacturing, reactivation, and equipment fabrication facilities in the U.S., Asia, and in Europe, where Calgon Carbon is known as Chemviron Carbon. The company also has more than 27 sales and service centers throughout the world.
For more information about Calgon Carbon’s leading activated carbon and ultraviolet technology solutions for municipalities and industries, visit calgoncarbon.dev.
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 Report pursuant 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 higher energy and raw material costs, costs of imports and related tariffs, labor relations, availability of capital and environmental requirements as they relate both to our operations and to our customers, 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.
Investor Relations: Dan Crookshank
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