ADA Environmental Solutions  
Pacific Growth Equities 2007 Clean
Technology & Industrial Growth Conference
November 8, 2007
NASDAQ:ADES
A Leader in Clean Coal Technology
Exhibit 99.2

-2-
This
presentation
contains
forward-looking
statements
within
the
meaning
of
Section
27A
of
the
Securities
Act
of
1933
and
Section
21E
of
the
Securities
Exchange
Act
of
1934,
which
provide
a
"safe
harbor"
for
such
statements
in
certain
circumstances.
Such
statements
are
prefaced
by
words
such
as
“anticipates,”
“believes,”
“hopes,”
“expects,”
“intends”
and
“plans,”
or
words
of
similar
meaning.
These
statements
include
the
Company’s
expectations
regarding
future
revenues
or
other
financial
measures,
the
number
and
timing
of
anticipated
projects
and
new
contracts,
anticipated
size
of
and
growth
in
our
target
markets,
expected
shortage
in
activated
carbon
supply,
costs
of
building
an
activated
carbon
manufacturing
facility
and
similar
items.
Such
statements
involve
significant
uncertainties.
Actual
events
or
results
could
differ
materially
from
those
discussed
in
the
forward-looking
statements
as
a
result
of
various
factors
including
but
not
limited
to
changing
economic
conditions
and
market
demand
for
ADA-ES’
products
and
services,
changes
in
technology,
failure
to
satisfy
performance
guarantees,
reductions
in
federal
funding,
changes
in
federal
and
state
laws
or
regulations,
results
of
demonstrations
of
the
Company’s
and
licensed
technologies,
inability
to
obtain
funding
and
other
risks
related
to
the
development
of
an
activated
carbon
manufacturing
facility,
operational
difficulties,
availability
of
skilled
personnel,
and
other
factors
discussed
in
the
Company's
filings
with
the
U.S.
Securities
and
Exchange
Commission.
The
forward
looking
statements
contained
in
this
presentation
are
presented
as
of
the
date
hereof,
and
we
disclaim
any
duty
to
update
such
statements
unless
required
by
law
to
do
so.

-3-
Overview
ADA Environmental Solutions develops environmental
technology and specialty chemicals for the coal-fired
power plant market
Recognized emission control industry experts
Senior staff collectively has over 200 years experience
developing emission control technology
Baltimore, MD
Allentown, PA
Birmingham, AL
Marshall, TX
ADA-ES office
Littleton, CO
Napa, CA
(Headquarters)

-4-
Coal: a Key Energy Resource
Coal powers 50%+ of U.S. electricity generation
1,100+ coal-fueled boilers
Lowest cost energy source
Secure energy source –
250-year U.S. reserve
but
Clean coal technologies are critical to long-term
viability and future acceptance

-5-
Investment Highlights
Profitable and cash flow positive on an annual basis since
‘03 spin-off
Working capital of $16.0 million as of Sept. 30, 2007
Three significant growth opportunities:
1.
Mercury control for power plants
•
Leading provider of engineering services and equipment
•
Well positioned for potential $1-3B/yr market from pending Federal
regulation (existing rules create $200-400mm market)
•
Undertaking large capital projects ($260mm to $1.5B) to vertically
integrate in production of Activated Carbon (AC)
2.
Developing Refined Coal (Section 45) product for older plants
•
Technology meets technical criteria for tax credits of approximately $6
million per plant per year
3.
Developing
technology
to
address
greenhouse
gas
CO
2

-6-
New Markets Generate Three Sequential
Revenue Opportunities
1.
R&D/Engineering Services
DOE and industry sponsorship
2.
Low-cost capital equipment
Typical emission control equipment: $25 -
$100mm
ADA equipment: ~ $1mm
3.
Continuous chemical revenue streams
$100mm to $1B annual markets
A Razor and Razor Blades Business Model

GROWTH AREA #1
MERCURY CONTROL
Market drivers
Market update (equipment sales)
ADA-ES interim supply plan
ADA-ES AC plant development

-8-
ADA-ES Technology is Low Cost and
Simple to Implement
Scrubber
Removes SO
2
Particle Capture
AC
Injected Here
AC Storage and
Feeder
AC with Mercury 
Collected Here
Activated Carbon (AC) Injection for Mercury Control

-9-
R&D Funding for Technology Development
1985-1996:  Awarded 50+ R&D contracts exceeding $40 million
2000:  Won $1.7 million DOE flue gas conditioning program
2001:  Won $6.8 million DOE mercury control program
2002:  Won $2.4 million DOE follow-on mercury control program
2003:  Won $8.8 million DOE full-scale mercury control program
2004:  Won $9 million contract with We Energies under $53 million
mercury control program (50% funded by the DOE)
2004:  Won approx. $5 million contract for 4 additional sites
2006:  Won $7.5 million DOE mercury control project for 2 plants
2006:  NexGen JV may provide up to $5 million over next three years
2006:  DOE
award
for
development
of
ADESORB
™
,
a
proprietary
process to produce activated carbon
2006: $4
million
DOE
subcontract
for
sorbent-based
CO
2
control

-10-
Engineering Services 
Develop and demonstrate
emission control technology
Help utility clients develop cost-
effective emission control
Mercury, NO
X
/SO
2,
CO
2
, Particulate
Build relationships with utility
customers
On leading edge of new
regulations and new approaches
to existing regulations
Continuous
Mercury
Monitor

-11-
Technology Demonstrations Provide Basis for
Bidding and Guaranteeing Hg Control
Tested ACI using western coal
Tested ACI using eastern coal

-12-
Market
Drivers:
Regulations
for
Hg
Control
Existing
Rules
Create
$200-400
Million
Market
State with proposed legis/regs
more strict than CAMR (13)
State with firm legis/regs
more strict than CAMR (13)
Planned plant that has ordered mercury control system
Plant with consent decree limiting mercury emissions
P
P
State currently accepting CAMR (24)
P
P
P
P
P
P
P
P
P
Total Existing Coal-Fired Capacity
MW
24,000
12,000
2,400

-13-
Prospects for New Federal Legislation
Expected to Create $1 Billion Market for AC
EPA sued by multiple states and environmental groups re:
CAMR
DC District Court scheduled to hear oral arguments in
December.
Two multi-pollutant (SO
2
, NO
x
, Hg, CO
2
) bills introduced to
the Senate in April
Bipartisan support

-14-
Activated Carbon Injection (ACI) Equipment
for Mercury Control

-15-

-16-
ACI Equipment Sales:  Status
Rapidly growing market
Expect to bid on 50-100 systems in 2008-2009
Recently doubled the size of our engineering design group
Since September 1, ADA has announced wins on
solicitations for 16 new systems, assuming all contract
options are exercised
Working closely with largest utilities in the U.S. and Canada
Key supplier of mercury control technology to major air
pollution control companies
Babcock and Wilcox, Alstom Power, Hamon Research
Cottrell, and Hitachi, among others

-17-
ACI Equipment Sales:  Status
Approximately 70 contracts for ACI systems have
been awarded to date
ADA maintains a ~50% market share
The rest are split between 7-8 other companies
Market drivers
Two thirds of the systems are for state regulations
One third are for MACT/BACT for new power plants
Only 11 ACI systems are currently operating, the
rest are being installed

-18-
Activated Carbon (AC):  Current and
Near-Term Supply Capacity
Current AC market in US: approx. 450 million pounds per year
Primarily used for drinking water treatment
90% provided by Calgon, Norit and Mead Westvaco
•
Operating near production capacity
40-60 million pounds of Chinese carbons had been dumped on the
market at below cost
70% tariffs on Chinese carbons imposed in April ’07
New mercury control market could require additional 400 million
pounds by 2010 and up to 1 billion pounds by 2012 to 2015
New AC production plants are necessary for new mercury control
market
Can take 4 to 6 years to develop
ADA is implementing advanced plans to build new production plants
to meet expected AC demand by customers
Plan to have one plant operational by Q1 2010

-19-
New Market for Activated Carbon Created
for Mercury Control
0
500
1,000
1,500
2,000
Activated
Carbon
(millions of
lbs / yr)
Current H20
AC Market
Developing
Market for Hg
Control
Total AC
Market
2006
2010E
2015E
ANNUAL U.S. MARKET
Significant production gap identified
New Market based
on existing
regulations
New Market
based on
Federal regulation

-20-
Recent Activated Carbon Market Activity
AC pricing in water treatment has risen 80%
compared to last year
Four utilities have issued RFPs for AC since Q2
2007
Up to 200 million pounds per year requested
3, 5, and 10-year terms requested
All requests for higher-priced Treated Carbon
(TAC) for Western coals
TAC quoted by AC suppliers at $1.00/lb and
above

-21-
ADA’s Interim Supply Plans
Goal is to have sourcing in place to supply AC to
utilities beginning in the second half of 2008
Sourcing
Critical for interim period
Beneficial addition to balance longer-term supply
shortages
Foreign supply
Storage and Treatment
Estimated capital costs for facility <$5m

-22-
ADA-ES New Activated Carbon Production
Largest AC plant(s) in North America 
Capital cost: approx. $260mm per production line
Annual production approx. 125 to 175 million pounds of AC
IRR expected to be greater than 25%
4-6 year process:
Test products
Secure lignite feedstock
Design plant
Select site
Permits filed and pending
Purchase equipment
Permits issued/Construction
Permitting multiple sites:
goal of AC production by 2010
ADA’s current
stage

-23-
Permitting AC Plants at Three Lignite
Mine-Mouth Sites (Two Lines per Site)
1.
Adjacent to Red River Mine in NW Louisiana
2.
Adjacent to Falkirk Mine near Bismarck, ND
3.
Alternate ND site to be announced

-24-
Project Team for Greenfield AC Plant
MANAGEMENT, SITING, ENGINEERING, PROCUREMENT
& CONSTRUCTION
Emission Strategies Inc.:
Project management
Ramco Generating Two:
Siting & project development support
Highline Consultants, LLC:
Engineering and environmental
management
Harris Group, Inc.:
Engineering
East Mountain Consultants, Inc.:
Project Controls
Andover Technology Partners:
Market and alternatives analysis
Misc:
Engineering cross-checks, surveys & geotech
TBD:
EPC
TBD:
Owner’s engineer
TBD:
Owner’s construction management
OPERATIONS & ENVIRONMENTAL
Zephyr Environmental Corporation:
Permitting
Resource Catalysts:
Environmental
AOR, Inc.:
Brand Development
Steve Young (ADA-ES):
Process development & Ops
Ken Baldrey (ADA-ES):
AC production R&D
Hazen Laboratories:
Pilot & product testing
TBD:
Plant operations contractor
FINANCE & LEGAL
4M Corporation:
Finance & market analysis manager
Strategic Initiatives:
Corporate finance advisor
Investment Bank:
Credit Suisse
TBD:
Equity Manager / co-manager
TBD:
Strategic equity partner
Schuchat, Herzog and Brenman:
Corporate counsel
Fox Rothschild:
Lead counsel & legal team management
Ayres Law Group:
Environmental group outreach &
legislation
Hogan & Hartson:
Contracts & environmental attorneys
John Adams Associates:
Public relations
The Equity Group:
Investor relations
Blanchard, Walker, O’Quin & Roberts:
LA counsel
Kean Miller:
LA environmental & transmission attorneys
Kelsch Kelsch Ruff & Kranda:
ND counsel
SALES & MARKETING
Jon Barr (ADA-ES)
Rich Miller (ADA-ES)

-25-
Anticipated Greenfield Funding
60% debt project financing
Long-term off-take contracts expected to provide backing
40% equity including:
ADA-ES equity issuance
Anticipated equity from strategic partner(s) for a 49%
partner with “smart money”
who can provide additional expertise
/ capabilities:
•
Plant operations
•
EPC oversight
•
Transportation
•
Sales and marketing
•
Contracting
•
Financial assurance capacity

-26-
Estimated Greenfield AC Plant Economics (1)
Based on Annual
revenue ~ $100 million
-TAC 68%
-PAC 29%
-Power 3%
(1)  See Assumptions on Slide 40
EBITDA
70%
Consumables
Interest
Depreciation
Taxes
Net Income
12%
Labor-GA-Maint.  11%
16 %
28 %
14%
19%

-27-
Upcoming Milestones for Greenfield Plant
Milestones
Date
Status
File for air permit in LA
August 2007
Filed
Banking/Finance partner
August 2007
Credit Suisse
EPC Contractor selected
October 2007
In Negotiation
File for air permit ND1
September 2007
Filed
File for air permit ND2
October 2007
Major equipment ordered
December 2007
In Procurement
Construction permits granted
March 2008
Out Take Contracts
February 2008
Marketing
Strategic Partner
February 2008
In Negotiation
Financial close
March 2008
Unit 1 operational
Q1 2010

GROWTH AREA #2
REFINED COAL
ADA-ES opportunity through
joint venture with NexGen
Resources

-29-
Refined Coal:  CyClean
American Jobs Creation Act of 2004 provides 10-year Refined Coal
tax credit (“refined”
if: 20% reduction in NO
x
and 20% reduction in
SO
x
or Mercury; 50% increase in market value)
ADA-ES Refined Coal process:
For Cyclone boilers
Adds proprietary chemicals on Western Coal
Burns cleaner and more efficiently
Benefits of CyClean™:
20% NOx & 90% mercury
emissions reduction
Fuel flexibility
Low-load boiler performance
Improved slag tapping
Optimized combustion
Backed by ADA-ES
emissions-reduction expertise
Refined Coal (Section 45) tax
credit (2007: $5.88/ton coal)
No capital expenditure
No O&M cost
Avoided cost of other
mercury compliance
Share tax credit

-30-
CyClean Business Model
50/50 Joint Venture with NexGen Resources
Clean Coal Solutions, LLC
NexGen pays $5mm upon tax credit qualification
Expected Clean Coal Solutions revenue from:
CyClean sales
Monetized tax credit -
shared with customers
CyClean Target Market:
Total 60mm tons of PRB coal per year burned in
cyclones
Our market: 20mm tons per year
States with aggressive mercury regulations
Older, stranded cyclones with fewer options

-31-
Status:  CyClean Refined Coal
Completed three full-scale demos exceeding tax
credit emission reduction levels that can qualify
for the tax credit
Patents and patent-pending on key technology
Marketing effort underway
Seeking legislative clarification for “50%
increase in market value”
requirement

GROWTH AREA #3
CONTROL OF GREENHOUSE EMISSIONS: 
CARBON DIOXIDE

-33-
ADA-ES CO
2
Control Business Plan
In pre-market period, use funding from electric power
generators and DOE
Awarded a subcontract on $4mm DOE program for
sorbent-based CO
2
control
Received initial utility funding to advance ADA technology
Seeing a rapid growth in funding available to address the
CO
2
issue
Develop technology with a focus on the existing fleet of
1,100 boilers
Focus on technology that will have a component that
creates a continuing revenue stream
Potentially largest new market opportunity

FINANCIAL OVERVIEW

Financial Highlights
Cash flow positive &
profitable on an annual
basis since 2003 spin-off
40% growth in revenue in
2006
Completed two private
placements raising over $20
million in the past two years
to support growth
5.8 million diluted shares
outstanding
50%+ held by institutions
~15% held by insiders
and employees
Balance sheet highlights (at
9/30/07):
Cash and investments of
$19.2 million
Working capital of $16.0
million
No long-term debt
Shareholders’
equity of
$28.3 million
Market cap $63 million
(10/31/07)
-35-

-36-
0
50
100
150
200
2006
2007
2008
2009
2010
2011
2012
Rev Low
Rev Mid
Rev High
EBITDA
Mercury Control –
Estimated Revenue & EBITDA (1)
Based on a single production line (6 being permitted)
for existing regulations
(1)  See Assumptions on Slide 40

-37-
0
25
50
2006
2007
2008
2009
2010
2011
2012
Rev Low
Rev Mid
Rev High
EBITDA
Refined Coal –
Estimated Revenue & EBITDA
(1)
(1)  See Assumptions on Slide 40
Based on 10 Million Tons of Refined Coal Per Year

-38-
Past Actual and Estimated Future
Revenue by Product Line (1)
Based on a Single AC Production Line
(1)  See Assumptions on Slide 40
0
100
200
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Other
FGC
Mercury
Refined Coal
CO2

-39-
Past Actual and Estimated Future
Revenue by Product Segments (1)
Based on a Single AC Production Line
(1)  See Assumptions on Slide 40
0
100
200
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Other
Engineering Consulting
Equipment
Chemicals

-40-
Assumptions
Actuals, 2007 Budget, 2008 –
2012 Projections
1.
Revenue / EBITDA
A.
Mercury
i.
Achieve 50% of available ACI equipment market
ii.
Greenfield Activated Carbon Plant Project
a)
Single production line
b)
Current spot pricing for AC
B.
Refined Coal
i.
Sell 10 million tons CyClean per year
ii.
$6/ ton tax credit, shared 50% with customer and monetized
C.
Declining
FGC
revenues,
Increasing
CO
2
consulting
D.
EBITDA based on mid-point estimates
2.
Greenfield Activated Carbon Plant Economics
A.
Current price quotes for lignite, labor, and equipment
B.
Average of first ten years of production

-41-
Summary
ADA-ES has been instrumental in creating a new mercury
control market
Existing rules: estimated 150 ACI systems, 400 mm lbs/yr AC
Pending Federal Rule: estimated 600-700 ACI systems, 1 B
lbs/yr AC
Already a leading provider of engineering services and
equipment for the mercury control market
Building new AC plants for this market
Operating permits for 6 production lines expected Q1-2 2008
Well positioned to respond to AC demand by Federal rule
Progress with Refined Coal; substantial market opportunity
Developing control technology for Greenhouse gases
The next big opportunity in Emission Control
Strong financial position and growing revenue base