Business & Finance
Business and Finance
Business and Finance
Mon, May 23, 2011 Breen Energy and Headwaters Resources Announce Agreement to Market Gas Phase Ammonia Slip Mitigation Technology
SOUTH JORDAN, Utah--([ BUSINESS WIRE ])--HEADWATERS INCORPORATED (NYSE:HW) today announced Breen Energy Solutions and Headwaters Resources, Inc. have entered into a joint development and commercialization agreement for Headwaters Resourcesa™ Gas Phase Ammonia Slip Mitigation Technology. The patented technology is used at coal-fueled power plants to correct problems that can arise during the operation of emissions control equipment.
"We are excited about the possibilities for teaming to bring this new mitigation technology to the market. It represents the partnering of two innovative organizations that are making a difference in plant emissions control and reduction."
Coal-fueled power plants use Selective Catalytic Reduction (SCR) and Selective Non-Catalytic Reduction (SNCR) technologies to reduce emissions of nitrogen oxides. There are currently 259 SCRs and 172 SNCRs in service in the United States controlling NOx emissions from approximately 50 percent of the coal-fueled generation capacity. Additional SCR and SNCR systems may be constructed over the next decade to comply with increasing air emissions regulations.
During operation of SCRs and SNCRs, unreacted ammonia reagent can cause fouling of air heaters and other downstream components of power plant units and results in excess amount of ammonia that deposits on coal ash left over after combustion. This condition, known as aammonia slip,a creates maintenance and operational issues for power plants including complications for handling the coal ash for disposal and beneficial use. The Headwaters Resourcesa™ Gas-Phase Ammonia Slip Mitigation Technology is designed to eliminate ammonia slip through the injection of oxidizers enhancing the performance of SCR and SNCR systems.
Under their agreement, Headwaters expects to provide technology and Breen will be responsible for developing the processes for implementing the technology in power plants.
aHeadwaters Resources is a leader in managing coal combustion products in the coal-fueled utility power industry,a said Cal Lockert, Breen Vice President of Business Development. aWe are excited about the possibilities for teaming to bring this new mitigation technology to the market. It represents the partnering of two innovative organizations that are making a difference in plant emissions control and reduction.a
aWe are delighted to partner with Breen in the next phase of ammonia slip mitigation commercialization,a said William Gehrmann, President of Headwaters Resources. aWe believe that Breena™s superior process engineering capabilities and position in the utility emissions control market will be invaluable in deploying this important technology.a
The agreement includes a staged rollout including a series of full-scale demonstrations of the Gas Phase Ammonia Slip Mitigation technology. To date, Headwaters has conducted a series of successful pilot demonstrations including a power plant location.
About Headwaters Incorporated
Headwaters Incorporated is a diversified growth company providing products, technologies and services to the heavy construction materials, light building products, and energy technology industries.Through its coal combustion products, building products, and energy businesses, the Company has been able to improve sustainability by transforming underutilized resources into valuable products.
About Breen Energy Solutions
Breen Energy Solutions (BES) is a Pennsylvania Limited Liability Corporation providing industry-leading technology and services to help utilities manage their emissions and the Balance-Of-Plant impacts resulting from their emissions control technologies. Over the last six years, BES has commercialized several technologies in the Acid Gas Management field including the AbSensor SO3/AbS measurement system, the Breen Online Air Heater Model and the Dynamic Speed Controlled (DySC) Air Heater Sootblowing technology. BES has recently launched a new business division supplying Dry Sorbent Injection systems for SO3 mitigation using Lime, Trona and other dry Sorbents as well as a wet sorbent injection business for the injection of Magnesium Oxide for slag control and SO3 mitigation. For more information, visit [ www.breenes.com ].
Forward Looking Statements.
Certain statements contained in this press release are forward-looking statements within the meaning of federal securities laws and Headwaters intends that such forward-looking statements be subject to the safe-harbor created thereby.Forward-looking statements include Headwatersa™ expectations as to the managing and marketing of coal combustion products, the production and marketing of buildingproducts, the production and marketing of cleaned coal, the licensing of residue hydrocracking technology and catalyst sales to oil refineries, the availability of refined coal tax credits, the development, commercialization, and financing of new technologies and other strategic business opportunities and acquisitions, and other information about Headwaters.Such statements that are not purely historical by nature, including those statements regarding Headwatersa™ future business plans, the operation of facilities, the availability of feedstocks, and the marketability of the coal combustion products, building products, cleaned coal, catalysts, and the availability of tax credits, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future events and our future results that are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and the beliefs and assumptions of our management.Actual results may vary materially from such expectations.Words such as amay,a ashould,a aintends,a aplans,a aexpects,a aanticipates,a atargets,a agoals,a aprojects,a abelieves,a aseeks,a aestimates,a aforecasts,a or variations of such words and similar expressions, or the negative of such terms, may help identify such forward-looking statements.Any statements that refer to projections of our future financial performance, our anticipated growth and trends in our businesses, and other characterizations of future events or circumstances, are forward-looking. In addition to matters affecting the coal combustion products, building products, and energy industries or the economy generally, factors that could cause actual results to differ from expectations stated in forward-looking statements include, among others, the factors described in the caption entitled aRisk Factorsa in Item 1A in Headwatersa™ Annual Report on Form 10-K for the fiscal year ended September 30, 2010, Quarterly Reports on Form 10-Q, and other periodic filings and prospectuses.
Although Headwaters believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that our results of operations will not be adversely affected by such factors.Unless legally required, we undertake no obligation to revise or update any forward-looking statements for any reason.Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Our internet address is [ www.headwaters.com ]. There we make available, free of charge, our annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and any amendments to those reports, as soon as reasonably practicableafter we electronically file such material with, or furnish it to, the SEC.Our reports can be accessed through the investor relations section of our web site.
