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  • Fuel Tech, Inc. (FTEK) Receives Multiple New Contracts both Foreign and Domestic for Air Pollution Control Projects Totaling $3 Million 0 comments
    Sep 27, 2011 1:31 PM | about stocks: FTEK
    Fuel Tech, a world leader in advanced engineering solutions for combustion and emissions control systems for utility and industrial applications, yesterday announced that it has signed several new contracts for air pollution control that total $3.0 million. These contracts were signed with both new and existing clients in the US and abroad.
     
    Two orders were received from Chinese power plants for the ULTRA systems process that safely and cheaply convert urea to ammonia for use as a reagent in the reduction of nitrogen oxide (NOx) thus eliminating the danger associated with the transport, storage, and handling of aqueous ammonia or anhydrous. The largest order is from an existing client to retrofit two large coal units and the second order is for two medium sized coal operations. Equipment should be delivered in late 2011 for both clients.
     
    The new Cross-State Air Pollution Rule, which becomes law in the United States at the start of 2012, drove a major domestic utility company to purchase Fuel Tech’s Selective Non-Catalytic Reduction (NASDAQ:SNCR) systems to address NOx emissions at an unnamed power plant. Also, other domestic orders for Computational Fluid Dynamiz (NYSEMKT:CFD) modeling relate to this new rule and point to future sales.
     
    “We continue to gain traction in the Chinese market, in particular with our proprietary ULTRA technology. China continues to be a very active market for all of our technologies as new regulations are now in place for broad reductions of NOx emissions. Additionally, we are pleased that these domestic utility customers have selected Fuel Tech to implement equipment solutions and evaluate short term strategies to achieve compliance in a dynamic regulatory environment that is calling for greater reductions in NOx emissions under the new Cross-State Air Pollution Rule. Fuel Tech’s SNCR technology can provide our customers with timely NOx reductions where boilers may operate across a wide load range, and these flexible systems are designed to complement additional Fuel Tech NOx reduction technologies, including combustion modifications, ASCR™ (Advanced Selective Catalytic Reduction) and conventional SCR,” said Douglas G. Bailey, Chairman, President and Chief Executive Officer, Fuel Tech in a press release.
     
    For more information, please visit Fuel Tech’s web site at ftek.com
     
    Please see disclaimer on the MissionIR website www.missionir.com/disclaimer.html ;
     
    Stocks: FTEK
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