Fuel Tech Awarded Air Pollution Control Orders Totaling $11 Million

October 5, 2015 | By Business Wire News

WARRENVILLE, Ill.

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 and China. These awards have an aggregate value of approximately $11.0 million.

The first US order is for an Electrostatic Precipitator (ESP) upgrade to reduce particulate emissions from a large coal-fired utility boiler in the Midwest. This order represents the equipment and installation phase of a project for which engineering was released earlier this year. The scope includes the supply and installation of internal components, electrical power supplies and integrated plant controls for the ESP. Installation and startup are scheduled for completion in the second quarter of 2016. The second order is for an ESP retrofit on a coal-fired unit in the Midwest in which the scope includes engineering and equipment to improve the performance and reliability of the unit. Delivery of the equipment is scheduled for the first quarter of 2016. Both projects are designed to improve plant performance to meet the Environmental Protection Agency’s upcoming Mercury and Air Toxics Standards (MATS) for particulate emissions.

In China, two orders were received for ULTRA™ systems that will be installed on utility coal-fired units being retrofitted with NO_x 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 (SCR) of NO_x, eliminating the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. Equipment deliveries are expected to occur in the fourth quarter of 2015. An additional award in China was received for Fuel Tech’s HERT™ High Energy Reagent Technology™ and NOxOUT® Selective Non-Catalytic Reduction (SNCR) systems for a coal-fired boiler at a power generation facility. Equipment delivery is 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 continue to see opportunities in China for this technology as that government addresses increasing public pressure to reduce harmful air pollutants by implementing more stringent emissions requirements. Our SNCR technology continues to provide a low-cost capital solution for NO_x reduction to customers worldwide as they comply with ever tightening regulations. Our ESP particulate control solutions allow plant operators to meet the regulations under the utility MATS Rule and the Boiler Maximum Achievable Control Technology (MACT) Rule for industrial boilers.”

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 (NO_x) reduction technologies include advanced combustion modification techniques and post-combustion NO_x control approaches, including NO_xOUT^®, HERT™, and Advanced SNCR systems, ASCR™ Advanced Selective Catalytic Reduction systems, and I-NO_x™ Integrated NO_x 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 NO_x 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 units.

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 forward-looking statements.