Fuel Tech Awarded Air Pollution Control Orders Totaling $2.1 Million
September 20 2016 - 9:00AM
Business Wire
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 multiple air pollution control (APC)
contracts from customers in China and the US. These awards have an
aggregate value of approximately $2.1 million.
In China, Fuel Tech received an award for a NOxOUT® Selective
Non-Catalytic Reduction (SNCR) system for a coal-fired utility
boiler. Our SNCR technology is a proven viable solution as
combustion unit owners look to comply with more stringent NOx
control requirements mandated by China. Equipment delivery is
expected to occur during the fourth quarter of this year.
The Company received additional orders in China for multiple
ULTRA™ systems that will be installed on a variety of utility units
firing coal, natural gas and solid waste being retrofitted with 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 where Selective Catalytic Reduction (SCR) is used
to reduce NOx, eliminating the hazards associated with the
transport, storage and handling of anhydrous or aqueous ammonia.
Deliveries for these projects are scheduled for the fourth quarter
of this year.
In the US, a contract was received for a unit converting from
coal to natural gas as its primary fuel, and where upgrades are
required to meet environmental compliance. Fuel Tech’s scope
includes engineering, SNCR and SCR system equipment improvements
and optimization to reduce NOx emissions. Equipment deliveries are
expected in the fourth quarter of this year and first quarter of
2017. An order was also received for a design study and engineering
phase for SCR systems to be installed on multiple gas-fired units.
Engineering is expected to be completed in the first quarter of
2017. In addition, a change order was received for additional
equipment for a gas fired-unit utilizing Fuel Tech’s SCR
technology.
Vincent J. Arnone, President and Chief Executive Officer,
commented, “These orders continue to demonstrate our ability to
provide diverse and cost-effective technology solutions on a global
basis. Our SCR technology opportunities continue to grow as the use
of natural gas is expanding for both power generation and
industrial applications, while our ULTRA technology simplifies
on-site ammonia generation for SCR applications of all types.”
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’s particulate control
technologies have been installed 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 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.
Notice of Correction to July 22, 2016 Fuel Tech Press
Release
In a press release issued by Fuel Tech on July 22, 2016, Fuel
Tech announced that a SNCR system being supplied by Fuel Tech for a
project in the Middle East would be installed on a cement kiln.
That SNCR system will be installed on a boiler at a cement plant.
Fuel Tech has already posted the corrected version of the July 22,
2016 press release on Fuel Tech’s website.
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/20160920006085/en/
Fuel Tech, Inc.David S. Collins, (630) 845-4500Chief Financial
OfficerorThe Equity Group Inc.Devin Sullivan, (212) 836-9608Senior
Vice President
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