Fuel Tech, Inc. (NASDAQ: FTEK), a world leader in advanced engineering solutions for combustion and emissions control systems for utility and industrial applications, today announced receipt of multiple air pollution control orders totaling $2.2 million.
The larger of these orders, placed by a new domestic utility customer in the Midwest, was for combustion modifications and a Separated Over-Fire Air (SOFA) system for a small tangential coal-fired boiler. Fuel Tech’s SOFA system utilizes a high energy nozzle design that controls airflow from the secondary air ducts to evenly distribute flow through ports above the top elevation of burners. The system includes burner modifications and equipment to fire 100 percent natural gas, in addition to improving combustion performance and NOx emissions when firing coal. Equipment deliveries are currently scheduled for the fourth quarter of 2012.
In Mexico, an award was received from a new industrial customer for an SCR system that will also utilize an ULTRA™ system. This customer is adding a new furnace at a steel plant and is seeking NOx reduction to meet regulations affecting new gas-fired units. The SCR reagent will be generated by the ULTRA system and will use urea as opposed to ammonia, which will eliminate the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. Equipment deliveries are currently scheduled for the third quarter of 2012.
Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, “We are pleased to be awarded these projects, particularly the domestic order that utilizes our proven SOFA technology. Customers such as this are proceeding with their NOx reduction plans as compliance under the Clean Air Interstate Rule remains in effect pending resolution of the more stringent Cross-State Air Pollution Rule, which came under court review at the end of 2011. Given the current low natural gas prices, the flexibility for the unit to fire either coal or natural gas is a compelling value-added benefit. ”
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV