Worth a Closer Look? Tiny Solucorp’s Mercury- Reduction Technology Could Pay Off (Or Not)
Submitted by EnergyTechStocks.com
“For a small company like Solucorp, even a 1% share of the mercury-reduction market will provide a tidy profit, Spindler says.”
You’ve just read the next-to-last sentence in a recent article in the respected trade publication Chemical & Engineering News that was entitled, “Getting Rid of Mercury.”
The article dealt with how some 20 eastern U.S. states have either begun or will shortly begin to regulate mercury from large coal-fired power plants, plus how Washington may impose mercury-reduction regulations starting in 2013.
None of that is new. Neither is it new that, as the article notes, a bunch of companies that sell mercury-reduction equipment could prosper, among them ADA-ES, Corning, Johnson Matthey and Calgon Carbon.
But then, at the end of the article, a new player is introduced, tiny Solucorp Industries Ltd.
Based in West Nyack, NY and traded over-the-counter, Solucorp certainly doesn’t look like much. Its shares have recently traded in a range of only about 10 cents to 17 cents and the company’s financial reporting appears to be spotty.
What Solucorp may have going for it is its patented technology. According to the Chemical & Engineering News article, the company is working on injecting micronized sulfide slurry into flue gas scrubbers. Solucorp executive Noel Spindler told the trade magazine that Solucorp is presently conducting tests to see whether its process can remove 90% of mercury.
Whether that’s enough to entice an investor to look closer at this company, well, we’ll let you be the judge.
