Fuel Tech Awarded Air Pollution Control Orders Totaling $6.4M; Includes Orders from Alliance Agreement
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 $6.4 million.
The largest of these orders, placed by a major domestic power producer, represent nitrogen oxide (NOx) reduction projects on three coal-fired boilers. Two of the projects are for large-sized boilers and will utilize Fuel Tech’s HERT™ High Energy Reagent Technology™ systems. The third project, for a medium-sized boiler, will utilize HERT systems in combination with Rich Reagent Injection (RRI) technology. Equipment deliveries are scheduled for the first quarter of 2011. These orders are part of a larger alliance agreement which calls for the potential supply of Selective Non-Catalytic Reduction (SNCR) systems and related services for multiple coal-fired generating units.
HERT systems utilize SNCR for NOx control. RRI is an SNCR-type process in which a NOx reducing agent, such as urea, is added to a staged lower furnace, where the combustion zone’s fuel-rich region and elevated gas temperatures create an ideal environment for NOx reduction. RRI technology is licensed from Reaction Engineering International and Electric Power Research Institute.
The remaining orders represent the following: two orders for equipment on previously announced domestic APC projects; modeling and an SNCR study for a client in the United Kingdom; and installation work for a utility customer in Chile.
Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, “This announcement represents good diversity both in geography and in our APC project mix. The order from our domestic alliance partner represents the third, fourth and fifth NOxOUT SNCR systems to be received in the four months since the alliance agreement was signed. We are pleased to be working with this valued client to meet their compliance plans and we anticipate additional orders in the future.”