Houston Facility Will Expand Charah Solutions’ Byproduct Sales Footprint in Texas and Gulf Coast
LOUISVILLE, KY (March 27, 2019) – Charah® Solutions, Inc. (NYSE: CHRA), a leading provider of environmental and maintenance services to the power generation industry, today announced that it will open a second facility using new patented technologies for grinding granulated blast furnace slag (GBFS) to create supplementary cementitious materials (SCMs). This facility, expected to be fully operational in the third quarter of 2019 and located within Watco’s Greens Port Industrial Terminal (“GPIT”) on the Houston Ship Channel, will be accessible by ship, truck, and rail, and will sell materials to concrete product manufacturers throughout Texas and the Gulf Coast region.
“As one of the leading fly ash sales and marketing companies in the country, we are excited to open this facility that will increase access to high-quality SCMs in the Texas and Gulf Coast market, where availability has traditionally been inconsistent,” said Scott Sewell, President and CEO of Charah Solutions. “Watco’s Greens Port Industrial Terminal is an ideal hub for us to serve our concrete product customers throughout Texas and along the Gulf Coast as we continue to identify additional sites and open new facilities featuring these technologies.”
“Watco is very excited to have Charah Solutions as a long-term partner at GPIT,” added Bill Kinzeler, Vice President of Network Strategy for Watco. “Working together, Charah Solutions will be able to take full advantage of GPIT’s unparalleled dock, rail and road infrastructure to serve their customers.”
“This is great news for Texas and surrounding markets where the supply of SCMs can be constrained,” said Scott Ziegler, Vice President of Byproduct Sales at Charah Solutions. “With this facility, Charah Solutions will be able to receive and deliver slag cement by ship and rail consistently year-round without seasonality or outages, and we can easily scale and increase production to meet market demand. The opening of this grinding and distribution facility represents a necessary and creative solution for our customers as we build our presence in Texas and expand our nationwide MultiSource® network.”
As part of Charah Solutions’ new patented grinding technology, grinding mills can be installed for a fraction of the cost of competing technologies and scaled up or down to meet market demands. Charah Solutions’ technology is more cost-effective, regardless of the volume of SCMs needed, and is designed to be flexible, with the ability to add production capacity. Additionally, Charah Solutions’ technology can also be used for grinding natural pozzolans to create additional SCMs to expand Charah Solutions’ byproduct sales offerings.
GPIT will receive GBFS, a byproduct of steel production, by ship and then use Charah Solutions’ patented grinding technology to manufacture slag cement marketed under the brand MultiCem™. The MultiCem slag cement is distributed throughout Charah Solutions’ MultiSource materials network of more than 30 nationwide sourcing locations that provide ready-mix concrete producers and other customers a continuous and reliable supply of SCMs, including quality fly ash and slag cement. MultiCem slag cement can be added in the production of concrete and cement and provides strength, durability, improved finish, and consistent performance in concrete, and can be used at higher replacement rates than other SCMs.
Click here to see a complete map of Charah Solutions’ MultiSource materials network locations.
About Charah Solutions, Inc.
With 30 years of experience, Charah® Solutions, Inc. is a leading provider of environmental and maintenance services to the power generation industry, with operations in coal-fired and nuclear power generation sites across the country. Based in Louisville, Kentucky, Charah Solutions assists utilities with all aspects of managing and recycling ash byproducts generated from the combustion of coal in the production of electricity as well as routine power plant maintenance and outage services for coal and nuclear energy providers. The company also designs and implements solutions for ash pond management and closure, landfill construction, fly ash and slag sales, and structural fill projects. Charah Solutions is the partner of choice for solving customers’ most complex environmental challenges, and as an industry leader in quality, safety, and compliance, the company is committed to reducing greenhouse gas emissions for a cleaner energy future. For more information, please visit www.charah.com.
MultiSource® is a registered trademark of Charah, LLC in the United States.
About Watco Companies LLC and Greens Port Industrial Terminals
Watco Companies, LLC, is a Pittsburg, Kansas, based transportation company providing transportation, terminal and port, mechanical, and supply chain services for Customers throughout North America and Australia. Watco Companies, LLC is the owner of Watco Transportation Services, LLC, one of the largest short line railroad holding companies in the U.S. with 41 U.S. short line railroads and 33 industrial contract switching locations. Watco’s Terminal and Port Services division operates 86 locations throughout the U.S. Watco’s Supply Chain Services provides supply chain solutions globally. More information about Watco and its subsidiaries can be found at www.watcocompanies.com.
The Greens Port Industrial Terminal complex is located on 735 acres on the Houston Ship Channel in Harris County, Texas. It is the largest private multi-tenanted industrial park in the Gulf Coast market. Greens Port offers five deep water docks (two that are panamax capable served by two harbor cranes) and six barge docks on the Houston Ship channel. Greens Port provides approximately 3.3 million square feet of indoor warehousing space and has 31 miles of rail track and offering direct rail service to the buildings and storage yards.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. These statements are based on certain assumptions made by the company based on management’s experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made and the company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
Investor and Media Contact
Joele Frank, Wilkinson Brimmer Katcher
Ed Trissel / Kate Clark / Tim Ragones
212-355-4449
Byproduct Sales Contact
Charah Solutions, Inc.
Scott Ziegler
502-245-1353
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