11:45 AM EST, 01/06/2025 (MT Newswires) -- ATCO (ACO-X.TO) said Monday its Ashcor USA unit signed an agreement with Consumers Energy (CMS-B) to extract and repurpose millions of tons of impounded coal ash from the soon to be retired J.H. Campbell generating complex in Michigan.

ATCO said Ashcor's patented Reclaimed Ash Management (RAM) technology will transform stored coal ash at the power facility into a high-grade cement replacement material for use in concrete manufacturing.

The company said repurposing of coal ash has environmental benefits since global cement manufacturing is responsible for about 8% of the world's total CO2 emissions.

"Ultimately, this manufactured ash can substitute up to 30% of traditional, carbon-intensive portland cement, making it a more sustainable solution for countless construction projects and concrete applications," said John Tiberi, president of Ashcor. "This will be our third RAM facility, and we are eager to incorporate our operational expertise into a state-of-the-art design, tailored to J.H. Campbell's site and the market demands of the Great Lakes area."

The three units of the Campbell site will be retired in May as part of Consumers Energy's clean energy plan.

ATCO's Class X shares were last seen down $0.38 to $47.02 on the Toronto Stock Exchange.

Price: 47.07, Change: -0.33, Percent Change: -0.70