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Fuel Tech Awarded Air Pollution Control Orders Totaling $4.5M

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 orders totaling $4.5 million.

Two orders were received for ULTRA™ projects in China. The first and largest order, placed by an existing customer, 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 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 these projects are expected to occur in the third quarter of this year and the first quarter of next year.

Two additional orders, placed by an existing customer in China, were received for Selective Non-Catalytic Reduction (SNCR) projects on two industrial units. Equipment deliveries for the two projects are scheduled for the third quarter of this year. Fuel Tech’s SNCR process is a post-combustion NO x reduction method which reduces NO x through the controlled injection of reagent into the post-combustion flue gas path.

In addition to the foregoing, an order was received for an SNCR project on an industrial unit in the southeastern U.S. Equipment delivery is expected to occur in the first quarter of next year. Lastly, two domestic modeling orders for optimization of existing Selective Catalytic Reduction (SCR) systems were received.

Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, “We are pleased to receive these ULTRA and SNCR orders for six units in China from both new and repeat customers. We continue to see increased adoption of our proprietary ULTRA technology and are witnessing an increasing level of bid requests for power plants and industrial units throughout China. Additionally, our reach into the industrial U.S. APC marketplace as a proven NOx-reduction partner continues to expand as does our focus on SCR services.”

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