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  • Fuel Tech, Inc. (FTEK) Awarded $2.2M In Air Pollution Control Contracts 0 comments
    Mar 13, 2012 2:18 PM | about stocks: FTEK

    Fuel Tech recently announced that the company had been awarded several air pollution control orders that, in total, amount to $2.2 million in business. The orders will utilize Fuel Tech's SOFA (Separated Over-Fire Air) and ULTRA systems.

    Fuel Tech is focused on development and commercialization of air pollution control technologies, as well as process optimization and advanced engineering services. Fuel Tech produces Over-Fire Air systems and the NOx line of products, including Low NOx Burners, NOxOUT, NOxOUT CASCADE, and NOxOUT-SCR.

    The larger order, placed by a Midwestern company, is for combustion modifications and a Separated Over-Fire Air (SOFA) system for a small tangential coal-fired boiler. A Mexican company placed an order for an SCR system which will utilize an ULTRA system as well. The equipment at the Mexican company will be used to meet regulations affecting new gas-fired units.

    Douglas G. Bailey, Fuel Tech president and CEO, commented, "We are pleased to be awarded these projects, particularly the domestic order that utilizes our proven SOFA technology. Customers such as this are proceeding with their NOx reduction plans as compliance under the Clean Air Interstate Rule remains in effect pending resolution of the more stringent Cross-State Air Pollution Rule, which came under court review at the end of 2011. Given the current low natural gas prices, the flexibility for the unit to fire either coal or natural gas is a compelling value-added benefit. "

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

    Stocks: FTEK
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