Business
Fuel Tech Awarded Air Pollution Control Contracts Valued at $3.6 Million
New Chemical Technology Account Commences Operations WARRENVILLE, Ill.--(BUSINESS WIRE)-- Fuel Tech, Inc. (NASDAQ: FTEK), a technology company providing
About this update from Fuel Tech, Inc.
[{"type":"text","content":"\nNew Chemical Technology Account Commences Operations\n\n WARRENVILLE, Ill.--(BUSINESS WIRE)--\nFuel Tech, Inc. (NASDAQ: FTEK), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, today announced the receipt of multiple air pollution control (APC) contracts from customers in Europe and the US. These awards have an aggregate value of approximately $3.6 million. The Company also announced the commencement of operations of a new FUEL CHEM® TIFI® Targeted In-Furnace Injection system at a coal-fired unit in the western United States.\n\nAPC AWARDS\n\nAn award for a European APC project was received for Selective Catalytic Reduction (SCR) technology including an aqueous ammonia feed system, that will be installed on a large utility natural gas-fired turbine for a previous end use customer. SCR technology uses a catalyst along with urea or ammonia as the reagent to provide high levels of nitrogen oxide (NOx) reduction. Deliveries are expected to start in the fourth quarter of 2022, with final deliveries in the first quarter of 2023.\n\nAnother contract was received in Europe for Fuel Tech’s Advanced NOxOUT® Selective Non-Catalytic Reduction (ASNCR) technology for an industrial waste-fired energy unit. The ASNCR system utilizes proprietary state-of-the-art injectors and injection controls in combination with advanced temperature measurement techniques to provide NOx reduction efficiency well beyond conventional SNCR in difficult furnace environments. Equipment delivery is expected to occur in the third quarter of 2022.\n\nAn order was received in the US for three ULTRA® systems to be installed on natural gas-fired package boiler units which generate process steam at a food and beverage processing facility on the West Coast. Fuel Tech’s ULTRA process provides for the safe and cost-effective on-site conversion of urea to ammonia for use as a reagent where SCR is used to reduce NOx, eliminating the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. Deliveries are expected to be completed in the third quarter of 2022.\n\nThe final US contract was received from an existing customer for Selective Non-Catalytic Reduction (SNCR) system upgrades for two units firing both oi...