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, Europe and China. These awards have an aggregate value of
approximately $5.0 million.
In the UK, a contract for Fuel Tech’s Advanced NOxOUT®
Selective Non-Catalytic Reduction (ASNCR) technology was received for a
large coal-fired unit. This follows the order received last year for
multiple units for our new ASNCR technology at this same plant location.
The ASNCR system utilizes proprietary state-of-the-art injectors and
injection controls in combination with advanced temperature measurement
techniques to provide nitrogen oxide (NOx) reduction
efficiency well beyond conventional SNCR in difficult furnace
environments. In addition to the order for the new unit, change orders
were received on the original contract. Equipment delivery for the new
system is expected to occur in the first quarter of 2016.
The first US order is for an Electrostatic Precipitator (ESP) upgrade to
reduce particulate emissions from a coal-fired industrial boiler in the
Midwest. The scope includes the supply of internal components, including
upgraded electrodes for the ESP, with delivery scheduled for the first
quarter of 2016. In addition, an initial design engineering contract was
received for conventional Selective Catalytic Reduction (SCR) systems on
three industrial gas-fired boilers. The planned scope for these
potential systems includes the SCR reactor, flow mixing devices, and
ammonia injection grid and aqueous ammonia feed system, all of which are
key to optimal SCR performance. Engineering will be completed in the
first quarter of 2016 to support a potential equipment contract for
delivery in the first quarter of 2017.
An additional US contract was received from an industrial customer for
combustion system upgrades to add natural gas firing capability to an
existing coal-fired unit. The project scope includes Low NOx
Burners (LNBs), and Over-Fire Air (OFA) system and control upgrades to
enable dual fuel flexibility. Equipment deliveries are scheduled for the
second quarter of 2016.
In China, two orders were received for multiple ULTRA™ systems that will
be installed on utility coal-fired units being retrofitted with 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 are
expected to occur in the first quarter of 2016.
Vincent J. Arnone, President and Chief Executive Officer, commented,
“These orders reflect the breadth of Fuel Tech’s cost-effective
technology solutions portfolio on a global basis. Our ULTRA technology
simplifies on-site ammonia generation for SCR applications of all types.
We are excited about our ASNCR technology, where a variety of market
segments could potentially benefit from this next generation of our SNCR
technology. ASNCR could also be applied to our existing large installed
base of SNCR customers through system upgrades to provide additional NOx
reduction or lower reagent operating costs.”
Mr. Arnone continued, “ In the US, Fuel-Tech’s ESP control solutions,
available as the result of our April 2014 acquisition of PECO-FGC, allow
plant operators to meet the Boiler Maximum Achievable Control Technology
(MACT) regulations for particulate, while opportunities for our SCR
technology continue to grow as the use of natural gas is expanding for
power generation and industrial applications.”
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 the fly ash particle. 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
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
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