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  • Fuel Tech, Inc. (FTEK) Continues To Gain Traction In Chinese Market, Three New Contracts Secured For Coal-Fired Infrastructure 0 comments
    May 7, 2013 6:02 PM | about stocks: FTEK

    Fuel Tech has really made a name for itself globally among industrial and utility concerns with a range of proprietary air pollution control (NYSE:APC), process optimization, and advanced engineering offerings which includes customized nitrogen oxide reduction systems, and today's report of landing three more juicy contracts for their ULTRA™ system in China comes as little surprise, as this system shatters the paradigm in ammonia generation for SCR (selective catalytic reduction) applications.

    This ULTRA system is a god-send for coal-fired plants possessing or retrofitted with nitrogen oxide reduction hardware, granting operators the safest and most cost-effective means of doing urea to ammonia conversion on-site. This system brilliantly eliminates the costly, often extremely dangerous transportation and storage hazards typically associated with utilizing the stuff in selective catalytic reduction, and it is little wonder the Chinese coal-fired customers have been flocking. ULTRA represents a simplified, one-stop-shop processing solution for converting urea efficiently and does not involve high-temp or high-pressure hydrolysis, thus the process is not affected by urea additives (no specialized urea needed and sourcing flexibility is quite robust) and the entire setup is designed from the get go for low maintenance.

    The first contract awarded is for two systems that are destined for medium-sized coal-fired retrofit units at an existing customer, the second for a new customer's coal-fired unit, and the third for a series of SNCR's (selective non-catalytic reduction) on four small coal-fired boilers at another new Chinese client. Hardware should go out around Q3 this year and FTEK was proud to announce that several smaller orders have also come in state-side recently for modeling projects.

    Chairman, President, and CEO of FTEK, Doug Bailey, hailed this latest example of the continued adoption of FTEK systems (the ULTRA in particular) among Chinese customers as a strong endorsement and underscored the mounting bid requests across the country. Bailey cited the rapid implementation of SCR/SNCR hardware to meet strict PRC nitrogen oxide reduction requirements set forth in the 12th five-year plan as a leading indicator of a growing trend and forecasted steadily growing market share in China for the company's proven technologies.

    With APC hardware installed on over 700 combustion units worldwide and a broad array of programs under their FUEL CHEM® process optimization arm, FTEK is on the cutting-edge of combustion unit efficiency, reliability, and environmental compliance.

    For more info on Fuel Tech, visit www.FTEK.com

    Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html

    Stocks: FTEK
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