Fuel Tech Awarded Air Pollution Control Orders Totaling $4.5M
Includes ULTRA" and SNCR Orders in China
WARRENVILLE, Ill.--(BUSINESS WIRE)-- Fuel Tech, Inc. (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 orders totaling $4.5 million.
Two orders were received for ULTRA" projects in China. The first and largest order, placed by an existing customer, is an award of ULTRA systems for two large-sized coal-fired units that are being retrofitted with nitrogen oxide (NOx) 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 NOx control technology. Fuel Techs 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 NOx, 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 third quarter of this year and the first quarter of next year.
Two additional orders, placed by an existing customer in China, were received for Selective Non-Catalytic Reduction (SNCR) projects on two industrial units. Equipment deliveries for the two projects are scheduled for the third quarter of this year. Fuel Techs SNCR process is a post-combustion NOx reduction method which reduces NOx through the controlled injection of reagent into the post-combustion flue gas path.
In addition to the foregoing, an order was received for an SNCR project on an industrial unit in the southeastern U.S. Equipment delivery is expected to occur in the first quarter of next year. Lastly, two domestic modeling orders for optimization of existing Selective Catalytic Reduction (SCR) systems were received.
Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, We are pleased to receive these ULTRA and SNCR orders for six units in China from both new and repeat customers. We continue to see increased adoption of our proprietary ULTRA technology and are witnessing an increasing level of bid requests for power plants and industrial units throughout China. Additionally, our reach into the industrial U.S. APC marketplace as a proven NOx-reduction partner continues to expand as does our focus on SCR services.
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 Companys nitrogen oxide (NOx) reduction technologies include advanced combustion modification techniques - such as Low NOx Burners and Over-Fire Air systems - and post-combustion NOx 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 NOx reduction, with installations on over 700 units worldwide, where coal, fuel oil, natural gas, municipal waste, biomass and other fuels are utilized.
The Companys 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 (PM2.5), carbon dioxide and NOx. 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.
Many of Fuel Techs products and services rely heavily on the Companys exceptional Computational Fluid Dynamics modeling capabilities, which are enhanced by internally developed, high-end visualization software. These capabilities, coupled with the Companys innovative technologies and multi-disciplined team approach, enable Fuel Tech to provide practical solutions to some of our customers most challenging problems. For more information, visit Fuel Techs web site at www.ftek.com.
This press release may contain statements of a forward-looking nature regarding future events. These statements are only predictions and actual events may differ materially. Please refer to documents that Fuel Tech files from time to time with the Securities and Exchange Commission for a discussion of certain factors that could cause actual results to differ materially from those contained in the forward-looking statements.
Fuel Tech, Inc.
David S. Collins, 630-845-4500
Chief Financial Officer
Tracy H. Krumme, 203-425-9830
Vice President, Investor Relations
Source: Fuel Tech, Inc.Copyright Business Wire 2012