Advanced Emissions Solutions Signs Contract for Construction of Granular Activated Carbon Expansion at Red River Plant with Wieland
Advanced Emissions Solutions, Inc. (ADES)
Last advanced emissions solutions, inc. earnings: 11/12 04:45 pm
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US:NASDAQ Investor Relations:
advancedemissionssolutions.com/ades-investors/overview
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Source: GlobeNewswire
GREENWOOD VILLAGE, Colo., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Advanced Emissions Solutions, Inc. (NASDAQ: ADES) (the "Company" or "ADES"), an environmental technology company producing activated carbon and other unique carbon solutions for use in water, air and soil purification, and sustainable materials, today announced that it has executed the contract with Wieland Davco Corporation (“Wieland”) for the construction of its strategic Granular Activated Carbon (“GAC”) facility at its Red River plant in Coushatta, LA (“Red River”). Mobilization of construction operations has already commenced and the mechanical completion of the project is anticipated by Q4 2024, as forecasted. The contract is being executed by Wieland on a “Cost-Plus” basis. The Company estimates that total construction and equipment costs at Red River will be in the range of $45-50 million, representing an increase of approximately 20% on previous guidance. This increase is the result of construction and equipment c
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- 2/1/24 - Form EFFECT
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