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Calgon Carbon Responds to U.S. Court of Appeal’s Ruling on Mercury and Air Toxics Standards (MATS) Rule
PITTSBURGH, PA – 12/15/2015
– Court Remands MATS-Related Proceeding to EPA While Leaving the Rule in Effect
– Company Expects Continued Mercury Removal Revenue Growth in 2016 and 2017
Calgon Carbon Corporation (NYSE: CCC) (the Company) announced its satisfaction with today’s ruling by the United States Court of Appeals for the District of Columbia Circuit (the Court) to leave MATS in effect while remanding it to the Environmental Protection Agency (EPA) for further proceedings. In doing so, the Court noted that EPA has represented that it is on track to issue a final finding related to the MATS rule by April 15, 2016. The MATS rule, which established a compliance deadline of April 16, 2015 for existing facilities, represents the first national standard for the reduction of power plant emissions of mercury and other air toxins.
“We’re pleased with today’s Court ruling that will allow for the implementation of MATS to continue without disruption,” said Randy Dearth, Chairman, President and CEO of Calgon Carbon Corporation. “We continue to be well positioned to provide power plant customers with a range of products that deliver superior performance, at what we believe to be the lowest total mercury emission control cost available,” concluded Mr. Dearth, noting that certain power plants will begin complying with MATS on April 16, 2016 as a result of previously granted compliance extensions.
Under the brand name FLUEPAC®, Calgon Carbon offers three generations of powdered activated carbon solutions for coal-fired power plants, representing eight years and more than $7 million of R&D investments, as well as more than 75 full-scale trials. This includes third-generation FLUEPAC® STF and FLUEPAC® SF3 products that allow for superior mercury removal performance while using up to 90 percent less activated carbon than first generation products in challenging situations such as when SO3 is present or Dry Sorbent Injection is being deployed. For utilities that have received extensions and have until April 2016 to comply, the Company is confident that choosing among its range of high performing products will prove to be a successful and cost-effective solution for these customers.
Calgon Carbon today reiterated its expectation for 2015 full year mercury removal revenues in the range of $55 million to $60 million. In addition, and assuming MATS continues in effect following the EPA’s final finding, the Company expects its annual mercury removal revenues to increase in both 2016 and 2017.
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.
Contact: Dan Crookshank
Direct Dial: 412-787-6795
DCrookshank@CalgonCarbon.com