LITTLETON, Colo., Oct. 1, 2017 /PRNewswire/ -- ADA Carbon Solutions, LLC has announced a price increase of 10% on all mercury capture products effective on all shipments made on or after November 1, 2017 or as contracts allow. Lower demand of these products has resulted in a higher cost per pound as fixed costs are absorbed by less volume. The company's highly efficient plant and backward integration into lignite mining as well as ongoing efficiency efforts including a formal Six Sigma initiative has helped mitigate the need for price increases until now. However, in order to preserve the profitability of the business and the capability to continue to invest in product innovation, an increase in selling prices is needed. "As a supplier of a chemical necessary for compliance to the coal fired power industry, we are highly sensitive to the cost pressure that our customers face. We have contributed significantly in support of the industry's need to reduce cost of operation both in terms of enhanced product performance and overall reductions in the cost of compliance. We remain committed to support our valued customers to meet the challenges of today's difficult market environment," said Brian Leen, President and CEO of ADA Carbon Solutions.
About ADA Carbon Solutions: ADA Carbon Solutions, through its wholly owned subsidiary ADA Carbon Solutions (Red River), LLC, owns and operates the largest, most efficient and most automated powdered activated carbon plant focused on providing products specifically engineered for the removal of mercury from the flue gas of coal fired power plants, waste incinerators, industrial boilers and cement kilns. The company is wholly owned by Energy Capital Partners, a private equity company focused on the energy space, headquartered in Short Hills, NJ and with over $13B of managed assets. ADA Carbon Solutions has become recognized as a leader in the mercury control industry and serves over 80GW of power capacity ensuring that mercury compliance is achieved reliably and cost effectively.
SOURCE ADA Carbon Solutions, LLC