Fuel Tech Awarded Air Pollution Control Orders Totaling $3.2 Million
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
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 received four air pollution control contracts in China, along with several orders in the US and Europe. The first award is for an SNCR system on a cement kiln in China. SNCR technology can provide NO x reduction from cement production processes without the challenges associated with the application of SCR technology. The cement produced from a kiln can affect SCR catalyst life or may require system design changes or additional components. Equipment delivery is scheduled for the second quarter of 2013. The other three awards in China, two of which are from new utility customers, represent ULTRA™ systems for six medium-sized coal-fired units that are being retrofitted with NO x reduction 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 quarter of this year. Other contracts include an engineering study for NO x control technologies from a utility in Europe, a project in the Western US to demonstrate the application of SNCR technology, and several CFD modeling projects associated with the evaluation of SCR technology. Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, “We are excited about Fuel Tech’s first project for the cement industry in China, which has grown in recent years to become the global leader in the production of cement. In addition to opportunities in the utility market in China, we continue to see growth from industrial units including cement kilns as a result of more stringent NO x control regulations in the Pacific Rim market. Fuel Tech has SNCR systems operating successfully on other cement applications for more than a decade in Europe and the Pacific Rim, and we anticipate future opportunities in China’s cement market.” Mr. Bailey continued, “We are pleased to see continued adoption of Fuel Tech’s proprietary ULTRA technology and are witnessing an increasing level of bid requests throughout China. As more SCR systems are installed to comply with 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 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.