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Fuel Tech Awarded Air Pollution Control Orders Totaling $2.8 Million
|By Business Wire
|July 18, 2014 08:31 AM EDT
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 China, along with an APC order in the U.S. These awards have an
aggregate value of approximately $2.8 million.
The contracts in China are for ULTRA™
systems at several sites with coal-fired units that are being
retrofitted with nitrogen oxide (NOx) reduction technology.
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 orders are expected to
occur in the third quarter of this year.
The U.S. order is for conventional Selective Catalytic Reduction (SCR)
systems on two industrial gas-fired boilers. These systems include the
SCR reactor, flow mixing devices, and ammonia injection grid and aqueous
ammonia feed system, all of which are key to optimal SCR performance.
Delivery is scheduled for the fourth quarter of 2014.
Douglas G. Bailey, Chairman, President and Chief Executive Officer,
commented, “Our China/Pacific Rim business is continuing to grow, driven
primarily by China’s focus on complying with NOx reduction
requirements under that nation's 12th Five-Year Plan. We also
continue to expand our presence in a variety of SCR markets, including
industrial applications. These U.S. SCR systems will be installed to
keep the facility within its NOx permit limit while it
undergoes a production expansion.”
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, ASCR™ Advanced Selective Catalytic Reduction systems, NOxOUT-SCR®,
NOxOUT CASCADE®, 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 800 units
worldwide, where coal, fuel oil, natural gas, municipal waste, biomass
and other fuels are utilized.
Fuel Tech’s technologies for particulate control include Electrostatic
Precipitator (ESP) products and services include ESP Inspection
Services, Performance Modeling, Performance and Efficiency Upgrades,
along with complete turnkey capability for ESP retrofits, with more than
60 major rebuilds 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 the fly ash particle. FGC systems
offer a lower capital cost approach to improving ash particulate capture
versus the alternative of installing larger ESPs or utilizing fabric
filter technology to meet targeted emissions and opacity limits. 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 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
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