Fuel Tech Awarded Air Pollution Control Orders Totaling $5.6M; Includes Orders from Alliance Agreement and China
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 receipt of air pollution control (APC) orders totaling $5.6 million.
The largest of these orders, placed by a major domestic power producer, represent nitrogen oxide (NOx) reduction projects on two coal-fired boilers. These projects, on medium-sized units, will utilize Fuel Tech’s HERT™ High Energy Reagent Technology™ and NOxOUT® Selective Non-Catalytic Reduction (SNCR) injection technologies. Equipment deliveries are scheduled for the third quarter of 2011. These orders are part of a larger alliance agreement which calls for the potential supply of SNCR systems and related services for multiple coal-fired generating units.
Additionally, an order was received for two ULTRA systems on two 330MW coal-fired units from an existing customer in a single power generation site in northeast China. The systems will provide ammonia as a reagent in support of units outfitted with selective catalytic reduction (SCR) systems for NOx control. Equipment deliveries are scheduled for the first quarter of 2011.
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.
Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, “The order from our domestic alliance partner represents the sixth and seventh SNCR systems to be received since the alliance agreement was signed in March. We are pleased to be working with this valued client to meet their compliance plans and we anticipate additional orders in the future.”
Mr. Bailey concluded, “In addition, this announcement marks our eleventh and twelfth coal-fired unit award for ULTRA systems in China. China is and will be an increasingly active market for Fuel Tech’s ULTRA technology and we are pleased to be fulfilling this significant and growing need.”