Fuel Tech, Inc.

Fuel Tech Awarded Air Pollution Control Orders Totaling $5.2 Million


Source: Fuel Tech, Inc.

Warrenville, Ill. -- 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 customers in China, along with an APC order in the US. These awards have an aggregate value of approximately $5.2 million.

The first two contracts are for ULTRA™ systems for several sites in China with 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 of NOx, eliminating the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. Two additional China contract awards are for Fuel Tech's HERT™ High Energy Reagent Technology™ and NOxOUT® Selective Non-Catalytic Reduction (SNCR) systems for multiple coal-fired boilers at two power generation facilities. Equipment deliveries for all four contracts are expected to occur in the third quarter of this year.  

In the US, an order was received for an ULTRA system on a coal-fired boiler at a power generation facility. The scope also includes equipment for urea unloading, handling and solutionizing and storage to allow dry urea to be delivered to the site. Delivery of the ULTRA system is scheduled for the second quarter of 2015.

Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, 'Our China Pacific Rim business is continuing to grow, driven primarily by China's focus on complying with NOx reduction requirements under that nation's 12th Five-Year Plan. The ULTRA system in the US will allow the customer to minimize shipping and operating costs and increase urea sourcing flexibility, while minimizing safety concerns by avoiding the use of ammonia for this SCR application.'

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