Calgon Carbon Wins Contract to Supply FLUEPAC for Mercury Removal, Valued at $16-22M
Calgon Carbon Corporation (NYSE: CCC) announced that it has been awarded a contract by a major U.S. power generator to supply FLUEPAC® brominated powdered activated carbon (PAC) to remove mercury from the fluegas of coal-fired power plants in the Midwest. The value of the contract is estimated to be $16 to $22 million.
The two-year contract follows the expiration of a five-year, take-or-pay supply agreement between the two companies. Calgon Carbon will provide certain electric generating units with 100% of their activated carbon requirements for mercury removal for a period of two years. The agreement includes an option to extend the contract through 2015. Under terms of the agreement, the price of the FLUEPAC carbon will be adjusted annually based on certain Producer Price indices which are published by the U.S. Bureau of Labor Statistics.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.