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 multiple air pollution control (APC) contracts from customers in the US. These awards have an aggregate value of approximately $5.0 million.
An order was received for NOxOUT® Selective Non-Catalytic Reduction (SNCR) systems for two large coal-fired utility boilers. Fuel Tech’s SNCR technology is a proven solution as combustion unit owners look to comply with more stringent NOx control requirements. Equipment deliveries are scheduled for completion during the first quarter of 2018.
A second order was received for a NOxOUT SNCR system that will be installed on an industrial unit in the West. Equipment delivery will be in the fourth quarter of 2017.
Vincent J. Arnone, President and Chief Executive Officer, commented, “Our SNCR technology continues to provide a low-cost capital NOx reduction solution for customers worldwide as they comply with ever-tightening regulations. SNCR technology can provide moderate reductions in NOx emissions as compared to our Selective Catalytic Reduction (SCR) technology, which offers high levels of reduction at a higher capital cost. These orders reflect Fuel Tech’s ability to provide cost-effective environmental and emission control solutions to meet a wide range of customer needs.”
Mr. Arnone concluded, “We have announced $9 million in new orders to start 2017. With our industry-leading suite of APC products and services, we believe we are well positioned to compete for additional global opportunities.”
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.
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.