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Fuel Tech Awarded Air Pollution Control Orders Totaling $4.0M; Includes ULTRA™ And SCR Projects In China

Stocks in this article: FTEK

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 (APC) orders totaling $4.0 million.

Two orders were received for projects in China. The largest of these orders, placed by a new industrial customer, was an award of a NOxOUT-SCR® system for a carbon black manufacturing facility. Included within the scope of this project are the engineering design and supply of the reagent injection equipment, SCR reactor vessel, static mixers and other equipment, each of which is critical for optimal SCR performance. Equipment deliveries are expected to occur in early 2013.

The second order, placed by an existing utility customer in China, is an award of ULTRA™ systems for two large coal-fired units being retrofitted with nitrogen oxide (NO x) control technology. Fuel Tech’s ULTRA process provides for the safe and cost-effective on-site conversion of urea to ammonia for use as a reagent in the selective catalytic reduction of NO x, eliminating the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. Equipment deliveries are expected to occur in the second half of this year.

Additional orders include an ULTRA system on an industrial unit in the western U.S.; a Selective Non-Catalytic Reduction (SNCR) demonstration utilizing a combination of NOxOUT® and HERT™ High Energy Reagent™ technologies for a large coal-fired unit in the southwestern U.S.; and two Computational Fluid Dynamic (CFD) modeling orders from customers in Australia and Texas. Often, modeling initiatives and SNCR demonstrations represent the first steps in an investment program and can lead to larger equipment and installation orders in the near future.

Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, “We continue to see increased bidding activity in China and we are pleased to advance our penetration of this large and fast-growing market. With respect to the domestic APC market, drivers such as the Regional Haze and Boiler MACT Rules, state and local permits, and consent decrees still exist and we will continue to pursue these opportunities.”

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