Source: Charah Solutions Inc., Louisville, Ky.; CP staff
Charah Solutions will open a second facility using new grinding technologies for finishing granulated blast furnace slag as a supplementary cementitious material. Scheduled to be fully operational in the third quarter of 2019, the facility is located within Watco’s Greens Port Industrial Terminal (GPIT) on the Houston Ship Channel, and accessible by ship, truck and rail. It will deploy processing methods developed by SCB International, which Charah acquired last year and premiered at a New York terminal along the Hudson River.
Sources: Charah Solutions Inc., Louisville, Ky.; Renaissance Capital, Greenwich, Conn.; CP staff
Fly ash marketer and coal combustion byproducts management specialist Charah has begun trading on New York Stock Exchange under the symbol, CHRA. In a June 14 initial public offering, the company and key stockholders raised $88 million through the sale of 5,294,117 and 2,058,824 shares, respectively. The pool represents an approximately 23 percent stake in a business that reported 2017 sales of $430 million from two segments: Environmental Solutions, anchored by fly ash and bottom ash management and marketing contracts at coal-fired power stations; and, Maintenance and Technical Services, geared to fossil fuel- and nuclear-powered facility operators.
Sources: Charah LLC, Louisville, Ky.; CP staff
Charah, the leading independent in coal combustion product management and marketing, has closed on Connecticut-based SCB International Inc. with an eye to developing and deploying new fly ash beneficiation, mineral grinding, and pollutant extraction technologies—and potentially doubling its output of materials for concrete and cement customers.