Fuel Tech (FTEK) Awarded Multiple Air Pollution Control Contracts Valued at $2.3 Million

Fuel Tech, Inc. (NASDAQ: FTEK), an advanced engineering company involved in the development, commercialization, and application of innovative technologies, recently announced receiving various air pollution control (APC) contracts valued at approximately $2.3 million (http://nnw.fm/x74B4). The company, which enables its customers to produce both energy and processed materials in a more environmentally-friendly way, is set to start the new contracts in China, the Middle East, and the U.S. The projects in question are already underway and should be completed by mid-2017.

Vincent J. Arnone, president and chief executive officer, had this to say: “We are excited to announce this SNCR order with ISGEC and we believe that they are an ideal partner to introduce Fuel Tech’s proven emissions control technologies to India and other regional countries that are promising new markets for our solutions. Collectively, these orders continue to demonstrate our capabilities to provide cost-effective technology solutions on a global basis.”

Fuel Tech received multiple orders from China, which are expected to be completed by the middle of 2017. The company received an award for a NOxOUT® Selective Non-Catalytic Reduction (SNCR) system for a coal-fired boiler. In addition, China ordered a number of ULTRA™ systems that will be installed on utility units firing coal. Both the SNCR and the ULTRA systems have proven to be viable options for encouraging more environmentally-friendly practices.

China has deemed Fuel Tech’s SNCR technology a viable solution, as combustion unit owners in the country work toward complying with stricter NOx reduction technology. Fuel Tech’s ULTRA procedure also accommodates the nearby conversion of urea to smelling salts for use as a reagent where Selective Catalytic Reduction (SCR) is utilized to diminish NOx, wiping out the risks connected with the transport and storage of anhydrous or aqueous ammonia.

Elsewhere, ISGEC Heavy Engineering Ltd. has ordered an SNCR system using NOxOUT technology on a cement kiln. The company is going to use Fuel Tech’s system as part of its equipment supply. ISGEC recently entered a written agreement with Fuel Tech to license Fuel Tech’s SNCR technology to use in the control of air pollution in India. On the U.S. side, a new project involves a change from conventional SCR systems on an industrial gas-fired boiler and should also be completed by mid-2017.

For more information, visit www.ftek.com

About NetworkNewsWire

NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit www.networknewswire.com.

Please see full disclaimers on the NetworkNewsWire website: http://nnw.fm/Disclaimer

Archives

Select A Month

Contact us: 212.418.1217