Fuel Tech Awarded Air Pollution Control Orders In China Totaling $2.4M

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 two Flue Gas Conditioning (FGC) contracts in China totaling $2.4 million.

The first and larger FGC application is a dual conditioning system using sulfur and ammonia as the conditioning reagents. The second FGC application is a single conditioning system using sulfur as the conditioning reagent. Equipment deliveries for both projects are expected to occur in the first half of 2013.

Flue gas conditioning systems improve the efficiency of particulate collectors, also known as electrostatic precipitators (ESPs). These conditioning systems represent a far lower capital cost approach to improving ash particulate capture versus the alternatives of installing larger ESPs or fabric filter technology to meet regulatory requirements for particulate and opacity levels.

Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, “These awards, placed by a repeat customer and one of the major power producers in Jiangsu province, represent our first commercial FGC applications. FGC technology has been proven on over 500 ESPs worldwide and is a cost-effective means of complying with particulate emission and opacity regulations. Global demand for this technology is likely to be stronger in China, India, Eastern Europe, Russia, South America and South Africa, where the use of high-ash coals is prevalent. Actual demand will be dependent on several factors including regulatory requirements and the level of capital spent on alternative technologies.”

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.

The Company’s nitrogen oxide (NO _x) reduction technologies include advanced combustion modification techniques - such as Low NOx Burners and Over-Fire Air systems - and post-combustion NO _x control approaches, including NOxOUT® and HERT™ SNCR systems as well as systems that incorporate ASCR™ (Advanced Selective Catalytic Reduction), NOxOUT CASCADE®, ULTRA™ and NOxOUT-SCR® processes. These technologies have established Fuel Tech as a leader in NO _x reduction, with installations on over 700 units worldwide, where coal, fuel oil, natural gas, municipal waste, biomass and other fuels are utilized.

The Company’s FUEL CHEM® technology revolves around the unique application of chemicals to improve the efficiency, reliability, fuel flexibility and environmental status of combustion units by controlling slagging, fouling, corrosion, opacity and operational issues associated with sulfur trioxide, ammonium bisulfate, particulate matter (PM _2.5), carbon dioxide and NO _x. The Company has experience with this technology, in the form of a customizable FUEL CHEM program, on over 110 combustion units burning a wide variety of fuels including coal, heavy oil, biomass, and municipal waste.

Fuel Tech also provides a range of combustion optimization services, including airflow testing, coal flow testing and boiler tuning, as well as services to help optimize selective catalytic reduction system performance, including catalyst management services and ammonia injection grid tuning. In addition, flow corrective devices and physical and computational modeling services are available to optimize flue gas distribution and mixing in both power plant and industrial applications.

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