Midwest Energy Emissions Corp., ME2C Environmental, "ME2C" (MEEC:OTCQB) is hosting a conference on financial and corporate news on April 17, 2023. The call will also feature a question-and-answer section. The field of mercury emissions reduction is stronger than ever, as the EPA has recently reinstated Federal restrictions for mercury and other air emissions after the Trump administration rolled back regulations to the state level.
ME2C is an environmental technologies company that specializes in mercury emissions reduction technologies. ME2C is an American company based in Texas. Executive leadership includes Chief Executive Officer Richard MacPherson, Senior Vice President and Chief Technology Officer John Pavlish, and Vice President of Operations Jim Trettel.
ME2C is on Monday, April 17, 2023, at 4:30 pm EST. The company will discuss financial and corporate updates, as well as host a question and answer session. Interested readers will be able to connect with the conference via the following contact information:
Participants can join by phone by dialing 1-877-407-0789 or 1-201-689-8562 for international callers. The company asks that all participants dial in at least 10 minutes before the start of the conference. A webcast link has also been provided: https://viavid.webcasts.com/starthere.jsp?ei=1608136&tp_key=b0894c8f8e.
A recording of the conference will be available from after the conference until May 17, 2023. Readers can hear the playback by dialing 1-844-512-2921 if they are in the United States or 1-412-317-6671 if they are outside of the United States. Callers should enter the replay pin 13737795 or view the replay through the webcast link.
Why Mercury Emission Reduction?
ME2C's core business is constructing environmental technologies that reduce the number of mercury emissions put out by coal-fueled power plants. According to the Environmental Defense Fund, the effects of mercury emissions can range from brain damage to heart disease.
Charles T. Driscoll, in a conversation with Drew Costley, stated, "The concern largely is the brain development of young children . . . and it also has effects on adults that contribute to heart attacks. It's a highly toxic substance." Some of the largest mercury emitters in the United States, such as Coal Creek and Antelope Valley, are in the Midwest.
According to Zacks Small-Cap analyst Steven Ralston, "ME2C Environmental is positioned to accelerate topline growth and achieve growing profitability by providing a patented mercury capture process."
The EPA passed federal regulations on these emissions in 2012. During the Trump administration, these regulations were removed from federal control and reallocated to be governed at the state level.
These federal regulations are now being reinstated under Biden and impose more stringent emissions control policies for mercury and other harmful air pollutants. According to the EPA, "This finding ensures the continuation of these critical, life-saving protections while advancing President Biden's commitment to making science-based decisions and protecting the health and well-being of all people and all communities."
A report by the EPA noted these restrictions would eliminate 90% of mercury emissions from coal-fired power plants. The EPA reports that the technology to do this is already available on the market. Thankfully, ME2C's patented technologies for mercury emissions have been proven to reduce over 90% of mercury emissions, as well as provide other efficiencies and environmental benefits.
ME2C believes that over 40% of U.S. coal-fired power plants are currently using its technology; many of these plants are not yet working with the company directly. A potential result from the EPA's regulation may incite coal-fired power plants in the U.S. that are not currently working with ME2C directly as part of their emissions reduction program to begin doing so.
ME2C has a number of short-term catalysts. According to Zacks Small-Cap analyst Steven Ralston, "ME2C Environmental is positioned to accelerate topline growth and achieve growing profitability by providing a patented mercury capture process." It expects full-year guidance for 2023 to be announced in Q2, as well as additional licensing and supply contract wins to be announced and added to the existing recurring base of business.
Before the end of Q4, it is anticipating uplisting to major U.S. and international major exchanges. It also expects a court date for patent litigation against coal refinery companies to be scheduled.
Streetwise Ownership Overview*
ME2C also has good news about the company's value: the stock is currently trading at 1.5x lower than expected, and it expects that value to increase dramatically if it wins the November lawsuit, leading to the potential for a massive one-time gain. The company also expects its value to increase after it is listed on major exchanges.
The company gains most of its revenue from technology licenses, consulting fees, demonstrations, and product supply sales. Additionally, the company expects incoming emissions regulations in China and Southeast Asia.
Ownership and Share Structure
Insiders own 31% of the company. The CEO owns 16%, the Senior Vice President owns 6.8%, Chris Greenberg owns 6%, and other managers and directors own less than 5%. Alterna Capital, the company's primary lender, owns 12%. The company reports no strategic investors.
The market cap for ME2C is US$39,562,313 as of February 2023. It has 93 million shares outstanding, 4.3 million warrants as of September 2022, and 19 million options as of the same period.
ME2C reports that they have US$1.5 million in the bank.
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