This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Fuel Tech Awarded Air Pollution Control Orders In China Totaling $3.9M

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 in China totaling $3.9 million.

Three orders were received for ULTRA™ projects in China. The first order, placed by an existing customer and one of the largest five power producers in China, is an award of ULTRA systems for two large-sized coal-fired units that are being retrofitted with nitrogen oxide (NO x) reduction technology. The second order, placed by a new customer, is an award of ULTRA systems for two large-sized coal-fired units. The third order, placed by a repeat customer, is an award of an ULTRA system for one medium-sized coal-fired unit being retrofitted with 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 for two projects are expected to occur in the third quarter of this year with the equipment for the remaining project scheduled for delivery in the fourth quarter.

A fourth order, placed by an existing customer in China, is an award of combustion modifications and an Over-Fire Air (OFA) system for a small industrial unit. Combustion modifications, typically the first NO x reduction efforts employed, can improve efficiency and reduce the formation of NO x by altering the combustion process. Fuel Tech’s OFA systems stage combustion for enhanced NO x reduction. Equipment delivery for this project is expected to occur in the third quarter of this year.

Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, “We are pleased to receive these three ULTRA orders for five coal-fired units from both new and repeat customers. There is particularly strong interest in China in our ULTRA product line, as evidenced by the award of 13 ULTRA systems so far this year. As more SCR systems are installed to comply with the NO x reduction requirements, we will see this market opportunity expand as our proprietary ULTRA technology continues to demonstrate its ability to generate ammonia in a safe, cost-effective manner. We continue to see increased discussions with power plant and industrial operators in the Pacific Rim for our NO x control technologies. Fuel Tech’s unique ability to combine technologies ranging from Low NO x Burners, OFA, and hybrid SNCR/SCR systems affords us a competitive position to reduce NO x emissions on power plant units of all sizes.”

About Fuel Tech

Fuel Tech is a leading technology company engaged in the worldwide development, commercialization and application of state-of-the-art proprietary technologies for air pollution control, process optimization, and advanced engineering services. These technologies enable customers to produce both energy and processed materials in a cost-effective and environmentally sustainable manner.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,195.42 +221.11 1.30%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,566.1380 +16.9120 0.37%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs