FUEL TECH : Awarded $2.6 Million Air Pollution Control Contract in Taiwan
06/17/2011 | 07:05am
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 it was
awarded a $2.6 million contract to supply equipment and engineering
services for an ASCR? Advanced SCR project in Taiwan, Republic of China.
This order, placed by an existing customer for an industrial boiler
burning coal and other gases, incorporates Fuel Tech's combined Low NOx
Burner (LNB), Over-Fire Air (OFA), NOxOUT® Selective
Non-Catalytic Reduction (SNCR) and Selective Catalytic Reduction (SCR)
technologies. Equipment deliveries are currently scheduled for late in
2011 and the first half of 2012.
Fuel Tech's ASCR system is a layered technology approach that can offer
advantages over full-scale standalone SCR systems, including lower
capital costs, enhanced fuel flexibility and reduced spatial
requirements. Furthermore, this technology approach synergistically
integrates the three mainstream NOx control technologies: combustion
modification, SNCR, and SCR into one cost-effective, high-performance
nitrogen oxide (NOx) reduction solution.
Douglas G. Bailey, Chairman, President and Chief Executive Officer,
commented, "We are pleased to receive this order from a repeat customer
and this contract represents our third ASCR order in China. These ASCR
contract awards display our unique capability to integrate technologies
ranging from Low NOx Burners, Over-Fire Air and hybrid SNCR/SCR into one
system that offers a competitive NOx reduction solution to power plant
units of all sizes. We continue to see increased discussions with
operators of power plants and industrial units as a result of more
stringent NOx control regulations in the Pacific Rim market."
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 over 600 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. This technology, in the form of a customizable
FUEL CHEM program, is installed on over 90 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.
Fuel Tech, Inc.
David S. Collins, 630-845-4500
Chief
Financial Officer
or
Tracy H. Krumme, 203-425-9830
Vice
President, Investor Relations
© Business Wire 2011
