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MarketScreener Homepage  >  Equities  >  Nyse  >  Charah Solutions Inc    CHRA

CHARAH SOLUTIONS INC

(CHRA)
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Charah : launches thermal process technology for fly ash beneficiation at Sulphur terminal

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01/12/2019 | 03:40am EDT

Charah Solutions, Inc., a leading provider of environmental and maintenance services to the power generation industry, has installed its proprietary fly ash beneficiation technology at the companys Sulphur (Louisiana), terminal to improve the quality of fly ash and to increase its supply of marketable fly ash to concrete producers nationwide. Charah Solutions new MP618 multi-process technology reduces loss on ignition (LOI), ammonia, activated carbon and moisture in fly ash.

The launch of the MP618 technology is a significant milestone for Charah Solutions and a game changer for the beneficiation of fly ash, said Charles Price, President and CEO of Charah Solutions.

Our utility customers now have an innovative, cost-effective solution that doesnt require a significant capital investment or increase costs to rate payers. Additionally, we now expect to be able to provide a more reliable stream of fly ash to our customers. The launch of this facility highlights the importance of our acquisition of SCB International last year, and is the first of many facilities we expect to install nationwide.

The proven MP618 thermal beneficiation technology provides concrete product producers and builders with a reliable source of high-quality Class F fly ash to meet a growing number of construction projects in the greater Lake Charles/Sulphur region. The Sulphur terminal is Charah Solutions second barge-supplied location in Southern Louisiana. Its LaPlace, Louisiana, terminal currently serves customers in Louisiana, Mississippi and Alabama.

Charah Solutions proven MP618 technology allows for beneficiation of both wet and dry fly ash and offers important advantages over competing technologies. Specifically, it has a significantly lower cost profile, an efficient footprint with self-contained environmental controls that can be deployed in months versus years and a modular design that can be scaled up or down to increase production based on market demand.

As one of the leading fly ash sales and marketing companies in the country, Charah Solutions is known for our innovative solutions and superior service, said Scott Ziegler, Vice President of Byproduct Sales at Charah Solutions.

We are pleased to open this MP618 fly ash beneficiation installation to serve the growing Louisiana market with solutions that can be scaled up or down based on the beneficiation needs at a particular ash pond or other site. With MP618, we can beneficiate out of spec fly ash, increase our supply of high-quality ash to the market and add significant value to our utility customers as we continue to leverage new technologies to expand our service offerings.

With the functionality to process both wet and dry fly ash, the MP618 technology can be installed at both operating and non-operating power plants, regardless of whether the fly ash is current production or legacy ash stored in ponds or landfills. The technology also allows for the processing of kiln dust to remove mercury for emissions regulations compliance.

MP618 technology is expected to enhance Charah Solutions MultiSource materials network, a unique distribution system of more than 30 nationwide sourcing locations, and improve the companys ability to provide a continuous and reliable supply of supplementary cementitious materials for ready-mix concrete producers and other customers throughout the US.

(c) All rights are reserved for National Iraqi News Agency / NINA 2019 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2019 623 M
EBIT 2019 27,8 M
Net income 2019 6,80 M
Debt 2019 168 M
Yield 2019 -
P/E ratio 2019 19,02
P/E ratio 2020 7,18
EV / Sales 2019 0,53x
EV / Sales 2020 0,42x
Capitalization 160 M
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Number of Analysts 5
Average target price 7,50 $
Spread / Average Target 38%
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Scott Sewell President, Chief Executive Officer & Director
Stephen R. Tritch Chairman
Nicholas W. Jacoby Chief Financial Officer & Vice President-Finance
Dorsey Ron McCall Director & Senior Vice President
Mark Spender Independent Director
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