The following is a summary of the Midwest Energy Emissions Corp. (MEEC) Q4 2023 Earnings Call Transcript:
Financial Performance:
Midwest Energy Emissions Corp.'s revenues for 2023 were approximately $18 million, a decrease compared to $21 million in 2022 due to low natural gas prices and the closure of a major customer plant.
The company ended the year with over $20 million in cash and aims to clear all remaining debt by mid-2024.
Business Progress:
Gain of a new three-year business from an existing licensee.
Working on the development of new initiatives for water treatment and rare earth element technology.
Formation of a new division focused on water treatment technology.
Expansion of the investor base by listing on the TSX Venture Exchange in Canada with plans to move to a larger exchange like NASDAQ or NYSE.
Expectation to secure contracts that will significantly increase its mercury emissions business.
More details: MIDWEST ENERGY EMISSIONS CORP IR
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