Fuel Tech Awarded Air Pollution Control Orders in China Totaling $2.3M
Includes ULTRA" and LNB/OFA 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 three air pollution control orders in China totaling $2.3 million.
Two orders were received from coal-fired power generators for ULTRA" projects in China. Both orders were placed by existing customers for coal-fired units that are being retrofitted with nitrogen oxide (NOx) reduction technology. Equipment deliveries for these projects are expected to occur in the fourth quarter of this year and the first quarter of next year.
One additional order was received for NOx control technology from an industrial customer in China. The order, placed by an existing customer, is for a Low NOx Burner (LNB) and Over-Fire Air (OFA) project on one unit. The equipment delivery for the project is scheduled for the fourth quarter of this year.
Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, We are pleased to receive these orders in China from our existing customer base. We continue to see increased adoption of our proprietary ULTRA technology and are witnessing a record level of bid requests for power plants and industrial units throughout China. Additionally, our reach into the industrial marketplace continues to expand.
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