SEER Receives $1.3 Million Contract to Install Large Landfill Gas System
January 23, 2019 at 09:05 pm
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Strategic Environmental & Energy Resources, Inc. announced that it has been awarded a $1.3 million contract to install its proprietary gas conditioning system. The H2SPlus™ system is designed to treat 3,600 standard cubic feet per minute (SCFM) of LFG, with the ability to expand to treat approximately 6,000 SCFM of LFG as LFG generation increases at the site. This is the 19th LFG to energy project that MV has been awarded across the United States. The project will generate approximately $200,000 in recurring annual media sales of SEER’s in-house BioActive Media™ (“BAM”). As the landfill gas collection expands at that site, the recurring BAM media requirement is expected to double to meet LFG treatment requirements. In addition to the larger fixed-site systems, MV continues to increase placement of its modular gas conditioning systems, either through rentals or sales. This marketing campaign was launched in earnest last year and continues to grow the company’s revenues, both through system placement revenue (rental or sales) and also through increasing recurring revenue generated from media replacement sales of Axtrap™ media for the modular systems. Based on currently installed modular systems, 2019 media replacement revenue for MV’s licensed Axtrap product is projected to approach $1.5 million. Projected new sales of those systems could increase annual media sales revenue to over $3.5 million.
Strategic Environmental & Energy Resources, Inc. is a provider of clean technologies, waste management and related services. The Company provides technology solutions and services to companies in the oil and gas, refining, landfill, food, beverage & agriculture, and renewable fuel industries. Its subsidiaries include MV, LLC (MV), Paragon Waste Solutions, LLC (PWS) and PelleChar, LLC (PelleChar). MV designs and sells patented and/or proprietary, dry scrubber solutions for management of Hydrogen Sulfide (H2S) in biogas, landfill gas, and petroleum processing operations. These system solutions are marketed under the product names H2SPlus and OdorFilter. MV also develops and designs technologies and systems used to condition biogas for use as renewable natural gas (RNG). PWS has developed a patented waste destruction technology using a pyrolytic heating process combined with non-thermal plasma assisted oxidation. PelleChar offers a soil amendment pellet containing the Biochar Now product.