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 (APC) orders totaling $6.0 million.
The largest of these orders, placed by a major utility and existing customer, was an award for Over-Fire Air (OFA) systems and burner modifications for two coal-fired units. Fuel Tech OFA systems reduce nitrogen oxide (NOx) formation by diverting air from the burner zone to the upper furnace for enhanced combustion staging. Burner modifications adjust the combustion process to account for the lower air flow in the burner zone, which will further reduce NOx formation. Equipment deliveries are currently scheduled for the second quarter of 2012.
The Company also received an award, placed by a major utility and an existing customer, for a Selective Non-Catalytic Reduction (SNCR) project for a large coal-fired unit located in the Midwest U.S. 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 currently scheduled for the second quarter of 2012.
Additionally, an award was received from a new industrial customer for an ULTRA™ system in China. 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 are currently scheduled for the first half of 2012.
Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, “This announcement highlights our global reach and the potential demand for our broad portfolio of low-capital cost pollution control technologies. We continue to gain momentum in China with our ULTRA technology. I believe that we are in a good position to capitalize on the need for the safe delivery and storage of ammonia for SCR systems, especially in the heavily populated Key Point regions. We continue to see an increased level of bid activities from power plants and industrial units and anticipate additional orders in China in the near future.”
Mr. Bailey concluded, “The orders in the U.S. were placed to meet the requirements of the Cross-State Air Pollution Rule (CSAPR), which calls for greater reductions in domestic NOx emissions beginning January 1, 2012. We are pleased that our broad portfolio of products and services provide our U.S. utility customers low-capital cost pollution control options as the CSAPR regulatory landscape continues to evolve. Given the current timeline for CSAPR compliance and the start of NOx allowance trading programs, we anticipate additional APC orders over the next several quarters.”
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 nearly 650 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 experience 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.