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Advanced Emissions Solutions Signs Heads of Terms with Leading European Activated Carbon Supplier LSR Materials
Company has entered into a Heads of Terms with Unicarb® Activated Carbons, a product group of LSR Materials GmbH & Co KG (“LSR”), which specializes in the
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[{"type":"text","content":"Company has entered into a Heads of Terms with Unicarb® Activated Carbons, a product group of LSR Materials GmbH & Co KG (“LSR”), which specializes in the marketing of activated carbons and process carbons to address the growing European activated carbon opportunity\nGREENWOOD VILLAGE, Colo., Nov. 03, 2023 (GLOBE NEWSWIRE) -- GlobeNewswire - Advanced Emissions Solutions, Inc. (NASDAQ: ADES) (the \"Company\" or \"ADES\"), an environmental technology company producing activated carbon and other unique carbon solutions for use in water, air and soil purification, sustainable energy, sustainable materials and energy transition applications, today announced that it has entered into a framework for a definitive supply agreement with LSR seeking to address the growing European markets for products related to the purification and filtration of water, especially with regards to PFAS or “Forever Chemicals”, as well as the growing market of micropollutants out of waste water. The proposed relationship will build on the existing capabilities and activated carbon production of ADES and the legacy network and expertise of LSR in the European market. ADES will be joining LSR at the world’s leading water-related conference Aquatech in Amsterdam (6-9 November 2023) to further discuss the rationale and opportunity. “We are very excited by the opportunity to work with LSR as we look to build up rapidly our European presence,” said Robert Rasmus, CEO of ADES. “The work we have already conducted to date has demonstrated the performance quality of our products and we are confident that combined with our unique fully integrated supply chain, this relationship will be set apart from all our competitors. We believe there is a structural supply deficit in the European activated carbon market and we are very enthusiastic about working with LSR to take advantage of this attractive opportunity.” Richard Arndt, Owner of LSR and founder of Unicarb®, added: “ADES is delivering consistently high quality and performance carbons that can be used in a number of applications. The quality of the performance combined with the environmental benefits make this a fantastic product to share with our European customer base and as regulations tighten further, we anticipate demand to be very strong.” About Advanced Emissions Solutions, Inc.Advanced Emissions Solutions, Inc....