CECO Environmental Corp. (NASDAQ:CECO) Q4 2022 Earnings Call Transcript

James Ricchiuti : One very quick follow-up. You guys had an interesting win, I think it was in Q3, in the carbon capture space, I think it was for separation, filtration solution. I’m just curious, are you seeing any follow through in this area of the business?

Todd Gleason : Yes. We highlighted that win. It was roughly $4 million project, carbon capture and ethanol. Look, there’s 100 ethanol facilities around the country, a little more than that. We believe this — they oftentimes like to find standard solutions for tax and credits and for commercial product and obviously, for their ESG programs, et cetera. So we’re working on other opportunities in that space. We’re working on other opportunities in separation, filtration and other industries. Look, I think carbon capture has room to go.

Peter Johansson : There’s two very large projects in the Gulf Coast; one in Louisiana, one in East — Southeast Texas that we’re actively working today with EPCs on the feed study programs. And generally the results are positive and the adaptation of our technology is clear, principally Peerless technology. CO2 is an interesting molecule. It’s easy to capture it from an ethanol plant, a little less easy out of a hydrocarbon processing facility. So there’s some core development that they have to do in the capture side. But in terms of processing and then transporting the CO2, it feels similar to moving methane, a little tougher to compress, but we have the applications to support it.

Operator: Ladies and gentlemen, this concludes our Question-and-Answer Session. I’d like to turn the conference back over to Todd Gleason for any closing remarks.

Todd Gleason : Yes. Thank you, and thanks, everyone, for your questions and your interest in our information today. Obviously once again, we really appreciate and thank our global teams that are delivering these incredible results, value to our customers. We will continue to maintain our focus on protecting people, protecting the environment and protecting our customers’ investment in their industrial equipment. As we’ve already highlighted, we’re going to be active today and this week catching up with many of you and answering additional questions. So we look forward to those conversations. And we are also, as you saw in the press release, participating in the upcoming ROTH Conference, and Peter will be there in California for that and looking forward to seeing a lot of folks at that conference as well. So we’ll end it here, and have a great day, and talk soon.

Operator: Thank you. Ladies and gentlemen, this concludes today’s conference call. We thank you all for attending today’s presentation. You may now disconnect your lines, and have a wonderful day.