Fuel Tech, Inc. (NASDAQ: FTEK), a world leader in advanced engineering solutions for the optimization of combustion systems and emissions control in utility and industrial applications, today announced it was awarded a $7.6 million contract to supply equipment and engineering services for an ASCR™ Advanced SCR project in Taiwan, Republic of China. This order, placed by an existing customer for two industrial boilers burning coal and other gases, incorporates Fuel Tech’s combined Low NO x Burner (LNB), Over-Fire Air (OFA), NO xOUT ® Selective Non-Catalytic Reduction (SNCR) and Selective Catalytic Reduction (SCR) technologies. Equipment deliveries are currently scheduled for the first and third quarters of 2013.
Fuel Tech's ASCR system is a layered technology approach that can offer advantages over full-scale stand-alone SCR systems, including lower capital costs, enhanced fuel flexibility and reduced equipment footprint requirements. Furthermore, this technology approach synergistically integrates three mainstream nitrogen oxide (NO x) control technologies: combustion modifications, SNCR, and SCR into one cost-effective, high-performance NO x reduction solution.
Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, “We continue to see increased discussions with operators of power plants and industrial units as a result of more stringent NO x control regulations in the Pacific Rim market. This order, from a repeat customer, represents our third ASCR order in China. These ASCR contract awards display our unique capability to integrate technologies ranging from Low NO x Burners, Over-Fire Air and hybrid SNCR/SCR into one system that offers a competitive and capital-efficient NO x reduction solution to power plant units of all sizes.”
About Fuel TechFuel 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.
Select the service that is right for you!COMPARE ALL SERVICES
- $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
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV