Midwest Energy Emissions Corp.
Climate Impact & Sustainability Data (2011, 2020, 2022)
Reporting Period: 2011
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Completion of the acquisition of Midwest Energy Emissions Corp. in the second quarter of 2011 required an ongoing review of complex and technical accounting items related to its financial statements.
- Errors in previously filed financial statements related to accounting for the merger with Midwest Energy Emissions Corp. on June 21, 2011, requiring restatement of Form 10-Q's for the quarters ended June 30, 2011 and September 30, 2011.
Mitigation Strategies
- Additional time was required to ensure adequate disclosure of certain information in the Form 10-K.
- Restatement of Form 10-Q's for the quarters ended June 30, 2011 and September 30, 2011.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Environmental
Environmental Achievements
- Entered into a fleetwide license and supply agreement with Vistra Corp. to provide a non-exclusive license to certain patents for use in connection with Vistra’s coal-fired power plants, relating to ME2 C’s two-part Sorbent Enhancement Additive (SEA®) process for mercury removal.
Climate Goals & Targets
Environmental Challenges
- Patent litigation with Vistra Corp.
Mitigation Strategies
- Reached a business arrangement with Vistra Corp., dismissing claims and withdrawing Inter Partes Review petitions.
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Two-part Sorbent Enhancement Additive (SEA®) process for mercury removal
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental
Environmental Achievements
- Achieved 66% revenue growth in 2022 compared to 2021, reaching $21.6 million in revenue.
Climate Goals & Targets
Environmental Challenges
- Dozens of U.S. utilities are using patented technologies without a license.
- Ongoing litigation against several major refined coal companies.
Mitigation Strategies
- Intending to pursue additional business from unlicensed utilities as part of the litigation strategy.