Fuel Tech, Inc. (NASDAQ:FTEK), a world leader in advanced engineering
solutions for the optimization of combustion systems and emissions
control in utility and industrial applications, today announced the
receipt of four air pollution control (APC) contracts from existing
customers in China with aggregate value of approximately $2.5 million.
The first two awards are for ULTRA™
systems for four large-sized coal-fired units that are being retrofitted
with nitrogen oxide (NOx) reduction technology. Fuel Tech’s
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 (SCR) of NOx, eliminating the hazards
associated with the transport, storage and handling of anhydrous or
aqueous ammonia. The third contract is for two medium-sized natural gas
fired units that will utilize ULTRA technology for reagent feed for the
SCR systems. In addition, an order was received for three HERT™
High Energy Reagent Technology™ and NOxOUT®
Selective Non-Catalytic Reduction (SNCR) systems at a refinery facility.
Equipment deliveries for all four contracts are expected to occur in the
fourth quarter of this year.
Douglas G. Bailey, Chairman, President and Chief Executive Officer,
commented, “China remains an important part of Fuel Tech’s overall
growth strategy, and we will continue to pursue the many opportunities
this region offers. We have now successfully deployed our APC
technologies on over 800 combustion units worldwide, almost half of
which use fuels other than coal. We are committed to provide innovative
solutions to a global marketplace to meet customer needs across a broad
generation mix.”
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 Company’s 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 800 units worldwide, where
coal, fuel oil, natural gas, municipal waste, biomass and other fuels
are utilized.
The Company’s 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 Tech’s products and services rely heavily on the Company’s
exceptional Computational Fluid Dynamics modeling capabilities, which
are enhanced by internally developed, high-end visualization software.
These capabilities, coupled with the Company’s 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 Tech’s 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.
Copyright Business Wire 2013