ADES signs GAC expansion contract; cost $45-50M, completion Q4 2024

Arq, Inc.

Contract with Wieland-Davco on cost-plus basis; total construction and equipment cost estimated at $45-50M, up 20% from prior guidance.
Mobilization underway; mechanical completion anticipated by Q4 2024; facility will add 25M lbs of granular activated carbon capacity.
Corbin facility on track and within budget; commissioning activities begin March 2024.
CEO expects to sign sales contracts for the 25M lb expansion well before Q4 2024 completion.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Arq, Inc. entered into Contract for Construction with The Wieland-Davco Corporation valued at in the range of $45 to $50 million (effective 2024-01-19).

Action: entry
Counterparty: The Wieland-Davco Corporation
Value: in the range of $45 to $50 million
Effective: 2024-01-19

Exact text from the filing

On January 19, 2024, Advanced Emissions Solutions, Inc., a Delaware corporation (the "Company"), through its wholly-owned subsidiary ADA Carbon Solutions (Red River), LLC, entered into a Contract for Construction (the "Contract") with The Wieland-Davco Corporation, a Michigan corporation. The Contract provides for pre-construction and construction services at the Company's existing manufacturing facility located at 201 Red River Mine Road, Coushatta Louisiana, 71079 (the "Plant") to build a granular activated carbon facility at the Plant (the "Facility").

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Arq, Inc. filing history →

Source: SEC EDGAR

accession 0001515156-24-000005

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