ADA-ES (ADES) is higher after it says it expects significant growth in markets for its products and services as a result of the proposed Mercury and Air Toxics Standards released by the Environmental Protection Agency today.
The Air Toxics Rule will require over 1100 existing and new coal-fired electricity generating plants to reduce emissions of mercury and other hazardous air pollutants.
ADES provides three different control technologies for mercury emissions and also provides emissions control systems for two of the other four groups of HAPs covered by the rule: dioxin/furans and acid gases, it says. The Air Toxics Rule is scheduled to be made final this November, and the power companies will be required to comply within 36 months.
Shares hit a 52-week high of $17.25 earlier but were last at $16.37.