Fuel Tech Awarded Air Pollution Control Orders In China Totaling $2.0M
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
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 $2.0 million. Two orders were received for ULTRA™ projects in China. The first order, placed by a major utility and existing customer, is an award of ULTRA systems for two medium-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 second half of this year. Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, “We are pleased to see continued adoption of Fuel Tech’s proprietary ULTRA technology and are witnessing an increasing level of bid requests for power plants and industrial units throughout China. As more SCR systems are installed to comply with the NO x reduction requirements of the nation’s 12 th Five-Year Plan, we anticipate an expanding market opportunity and additional orders for our proven technology.” 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 680 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.