WARRENVILLE, Ill.--(BUSINESS WIRE)--Fuel Tech, Inc. (NASDAQ: FTEK), a world leader in advanced engineering solutions for combustion and emissions control systems for utility and industrial applications, today announced receipt of multiple air pollution control orders totaling $8.9 million.
The largest of these orders is the award of a Selective Catalytic Reduction (SCR) system for design and supply of a nitrogen oxide (NOx) control system for a wood-fired biomass electric generating unit in the southeastern United States. The system includes the SCR reactor, flow distribution devices, monitoring equipment, ammonia injection grid and Fuel Tech’s patented GSG™ Graduated Straightening Grid technology, all of which are key to achieving optimal SCR performance. This is a new unit that is required by a provision of the Clean Air Act to supply the Best Available Control Technology. While the unit size is small relative to coal fired units, this is a large biomass unit that, once operational, will be one of the larger and more efficient biomass boilers in the world. Equipment deliveries for this project are scheduled for mid-year 2013.
Two orders were received for ULTRA™ projects in China. The first and larger order, placed by an existing customer and one of the five largest power producers in China, is an award of ULTRA systems for two large retrofit coal-fired units. The second order is an award of ULTRA systems for two medium-sized retrofit coal-fired units. 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. Equipment deliveries for these projects range from late in 2011 to the middle of 2012.
The third order from China, placed by an existing customer, is an award of a NOxOUT® Selective Non-Catalytic Reduction (SNCR) project for a new municipal solid waste combustion unit. Fuel Tech’s SNCR process is a post-combustion NOx reduction method which reduces NOx through the controlled injection of reagent into the post-combustion flue gas path. Equipment deliveries are scheduled for late in 2011.
Additional orders include combustion services and testing for a steam electric generating unit in Chile and three domestic CFD modeling projects, two for SCR systems and one for an SNCR system.
Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, “We are pleased that these utility and industrial customers have selected our technologies as part of their strategies to achieve compliance in a changing regulatory environment that is calling for greater reductions in NOx emissions. In the case of the domestic order, Fuel Tech’s SCR technology will enable this customer to operate one of the world’s larger power plants operating on biomass in the cleanest manner possible.”
Mr. Bailey added, “We continue to gain traction in the Chinese market, in particular with our ULTRA technology. China continues to be a very active market for all of our technologies and we are pleased to be penetrating this large and fast-growing market.”
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 - such as Low NOx Burners and Over-Fire Air systems - and post-combustion NOx control approaches, including NOxOUT® and HERT™ SNCR systems as well as systems that incorporate ASCR™ (Advanced Selective Catalytic Reduction), CASCADE™, ULTRA™ and NOxOUT-SCR® processes. These technologies have established Fuel Tech as a leader in NOx reduction, with installations on over 640 units worldwide, where coal, fuel oil, natural gas, municipal waste, biomass and other fuels are utilized.
The Company’s FUEL CHEM® technology revolves around the unique application of chemicals to improve the efficiency, reliability, fuel flexibility and environmental status of combustion units by controlling slagging, fouling, corrosion, opacity and operational issues associated with sulfur trioxide, ammonium bisulfate, particulate matter (PM2.5), carbon dioxide and NOx. The Company has experienced with this technology, in the form of a customizable FUEL CHEM program, on over 110 combustion units burning a wide variety of fuels including coal, heavy oil, biomass, and municipal waste.
Fuel Tech also provides a range of combustion optimization services, including airflow testing, coal flow testing and boiler tuning, as well as services to help optimize selective catalytic reduction system performance, including catalyst management services and ammonia injection grid tuning. 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.