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 it has entered into separate marketing and supply
agreements with Redox Solutions and PowerPlus Cleaning Systems.
These agreements allow the Company to serve as an exclusive
reseller of emissions control solutions that address high-demand
areas of mercury control along with boiler cleaning and
efficiency.
Vincent J. Arnone, President and Chief Executive Officer,
commented, “These agreements are consistent with our New Product
Development initiatives, part of our overall strategy to evolve
Fuel Tech’s business model and operating strategy. These external
teaming arrangements expand our portfolio of emissions control
solutions, thus allowing us to bring impactful technologies to
market while we continue to internally develop new solutions that
meet the changing needs of our customers.”
Fuel Tech signed a five-year license agreement with Redox
Technology Group, LLC (d/b/a Redox Solutions), an Indiana-based specialty chemical
manufacturer that produces chemicals used for mercury remediation
in a variety of end markets. Redox Solutions has developed a
patented approach for the production and use of a highly amorphous
iron sulfide based product to enhance the total mercury removal
capabilities of wet flue gas de-sulfurization (FGD) scrubber
systems installed on utility and industrial coal fired units. Wet
FGD systems can capture mercury emissions once the mercury has been
oxidized by the upstream Selective Catalytic Reduction (SCR)
catalyst, which is installed primarily to control nitrogen oxide
emissions. The SCR catalyst also provides a benefit by oxidizing
the mercury which may then be captured in the wet FGD system.
However, there have been a number of customers who have experienced
mercury re-emission, where the mercury does not stay contained in
the wet FGD waste water or solids, but is re-emitted with the flue
gas leaving the stack. Redox Solutions has proven experience in
reducing mercury emissions with its Redox-Hg product on utility
boilers equipped with wet FGD systems and will be presenting the
results of its work with American Electric Power Company, Inc.
during the Megasymposium conference on August 16, 2016. The
conference in Baltimore, Maryland is sponsored by the United States
EPA and other key industry organizations, and Fuel Tech will also
be attending and exhibiting.
Redox-Hg is currently being evaluated in a utility industry
research study as a technique for removing liquor-phase selenium,
as selenite, from wet FGD scrubber slurries before it is oxidized
to selenate. Redox-Hg and other advanced, downstream selenium
removal technologies are being evaluated on cost and performance
since customers will be required to meet the upcoming Effluent
Limitation Guidelines (ELG) Rule that EPA has issued for the
utility industry. Fuel Tech will use its sales channels, business
relationships, and knowledge of chemical delivery and distribution
to exclusively market the Redox Solutions product to a specified
customer base. The market drivers for mercury control are the
Mercury and Air Toxic Standards (MATS) Rule for utility units and
the Boiler Maximum Achievable Control Technology (MACT) Rule, both
of which have specific requirements for mercury emissions.
Fuel Tech also signed a global distribution agreement with
PowerPlus Cleaning Systems for its IMPULSE™ Cleaning Technology,
which uses a supersonic combustion pulse to create a controlled
shock wave that removes slag and deposits. The IMPULSE system
enhances boiler operation while minimizing high maintenance
expenses associated with traditional cleaning methods, such as
sootblowing and water washing. The combination of IMPULSE Cleaning
Technology and Fuel Tech’s industry proven TIFI® Targeted
In-Furnace Injection™ fireside treatment process creates a
compelling tandem cleaning solution that effectively removes slag
and ash buildup within the furnace. The IMPULSE Cleaning Technology
has been proven effective on utility and industrial units to
improve boiler efficiency and reduce downtime costs, and has been
effective on areas downstream of the furnace, including the
economizer and air preheater. IMPULSE Cleaning Technology has also
been utilized on natural gas-fired units where combustion
by-products can reduce the efficiency of heat recovery boilers.
Other applications may include FGD systems where material buildups
inside the reactor vessels may be removed with IMPULSE Cleaning
Technology.
The distribution agreement will allow Fuel Tech to resell the
IMPULSE Cleaning Technology to a specified customer base in the US
on an exclusive basis, and for all customers outside the US
operating in the power and industrial markets. The IMPULSE Cleaning
Technology has gained international attention and was presented at
a conference in India in 2016, which was hosted by NTPC, the
state-owned utility in India.
Vincent J. Arnone, President and Chief Executive Officer,
commented, “We are excited to announce these partnering
arrangements, which will add new technology solutions to Fuel
Tech’s lineup of proven emissions control technologies. The IMPULSE
Cleaning Technology is a great fit when combined with the know-how
and experience we have gained from our TIFI programs, which improve
boiler efficiency by removing deposits in the furnace and all heat
transfer areas, while reducing operating expenses on a wide range
of units. For mercury control, the Redox Solutions technology will
allow us to bring customers a cost effective and flexible solution
that has been proven on wet FGD systems with a wide range of
operating conditions.”
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 and
post-combustion NOx control approaches, including NOxOUT®, HERT™,
and Advanced SNCR systems, ASCR™ Advanced Selective Catalytic
Reduction systems, and I-NOx™ Integrated NOx Reduction Systems,
which utilize various combinations of these systems, along with the
ULTRA™ process for safe ammonia generation. These technologies have
established Fuel Tech as a leader in NOx reduction, with
installations on over 900 units worldwide.
Fuel Tech’s technologies for particulate control include
Electrostatic Precipitator (ESP) products and services including
complete turnkey capability for ESP retrofits, with experience on
units up to 700 MW. Flue gas conditioning (FGC) systems include
treatment using sulfur trioxide (SO3) and ammonia (NH3) based
conditioning to improve the performance of ESPs by modifying the
properties of fly ash particles. Fuel Tech has installed its
particulate control technologies on more than 125 units
worldwide.
The Company’s FUEL CHEM® technology revolves around the unique
application of chemicals to improve the efficiency, reliability,
fuel flexibility, boiler heat rate, and environmental status of
combustion units by controlling slagging, fouling, corrosion,
opacity and improving boiler operations. The Company has experience
with this technology, in the form of a customizable FUEL CHEM
program, on over 110 units.
Fuel Tech also provides a range of services, including boiler
tuning and selective catalytic reduction (SCR) optimization
services. In addition, flow corrective devices along with 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160810005626/en/
Fuel Tech, Inc.Kevin R Dougherty, 630-845-4500VP, Business
Development and MarketingorThe Equity Group Inc.Devin Sullivan,
212-836-9608Senior Vice President
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