Fuel Tech Wins Major Air Pollution Control Orders
Fuel Tech, Inc. (NASDAQ: FTEK), a renowned technology company specializing in advanced engineering solutions for emissions control, has recently announced an impressive acquisition of air pollution control (APC) orders totaling around $2 million. These contracts come from both new and loyal clients, reflecting the company's growing footprint across the US, Europe, and Southeast Asia.
Details of the Recent Orders
The company secured an order from a long-time domestic customer aimed at supplying a Selective Catalytic Reduction (SCR) system paired with a UDI™ Urea Direct Injection™ reagent delivery system for an industrial plant located in the Eastern US. The implementation of the SCR system is expected to significantly enhance the reduction of nitrogen oxides (NOx) by utilizing safe urea reagents, tackling emissions effectively at the client’s newly established production facility. Impressively, this marks the fifth order from this customer over the last two decades, showcasing Fuel Tech's reliability and the trust built over years. Deliveries for this project are anticipated to be completed in the fourth quarter of 2025.
Demonstration Projects in Europe and the US
Moreover, Fuel Tech has entered into contracts with two distinct clients located in the US and Europe to showcase their Selective Non-Catalytic Reduction (SNCR) technology specifically tailored for biomass-fired units. This technology stands out as a proven solution for operators of industrial combustion units aiming to meet stricter NOx control standards. The demonstrations of this advanced technology are scheduled for the fourth quarter of the current year, with the potential for subsequent equipment orders to follow in the first half of 2025.
Implementation in Southeast Asia
Adding to its impressively diverse portfolio, Fuel Tech has also received an order from a new global client based in Southeast Asia for an SCR system utilizing aqueous ammonia as its reagent. This particular system is set to be installed on a gas-fired industrial process unit, with delivery timelines expected to conclude by the third quarter of 2025.
Leadership's Insight on Recent Developments
President and Chief Executive Officer Vincent J. Arnone expressed enthusiasm regarding the recent contracts, stating, “We are pleased to announce SCR system contracts using our UDI technology, which has been utilized by this customer at multiple locations over the past two decades, and for a new SCR customer in Southeast Asia. SNCR demonstration agreements for biomass units reflect the flexibility of this technology to address emissions control issues across multiple fuel sources.” His comments underline Fuel Tech’s commitment to driving innovation in emissions control and their adaptability to meet diverse client needs.
Understanding Fuel Tech’s Innovations
Fuel Tech is dedicated to designing and commercializing cutting-edge proprietary technologies that focus on air pollution control, process optimization, and advanced water treatment solutions. Their offerings empower clients to operate effectively while committing to environmental sustainability. Notably, Fuel Tech leads in nitrogen oxide (NOx) reduction technology and particulate control, with over 1,300 installations in utility, industrial, and municipal sectors worldwide. The company’s prestigious FUEL CHEM® technology enhances efficiency, reliability, flexibility, boiler heat rate, and helps manage the environmental impact of combustion units by tackling issues like slagging, fouling, corrosion, and opacity. Their water treatment systems, including the innovative DGI® (Dissolved Gas Infusion) technology, deploy a patented saturator to deliver specialized oxygen solutions tailored to various water treatment scenarios including remediation and biological processing. The technological backbone also draws heavily on exceptional Computational Fluid Dynamics modeling capabilities, complemented by proprietary high-end visualization software to enhance performance.
Contact Information
For further inquiries or information about Fuel Tech's pioneering projects and solutions, interested parties can reach out to:
Vince Arnone
President and Chief Executive Officer
(630) 845-4500
Devin Sullivan
Managing Director, The Equity Group Inc.
dsullivan@equityny.com
Frequently Asked Questions
What are the recent contracts that Fuel Tech has secured?
Fuel Tech has secured contracts totaling approximately $2 million for air pollution control systems from various customers across different regions.
How does Fuel Tech control nitrogen oxides?
Fuel Tech uses advanced systems such as Selective Catalytic Reduction (SCR) and Selective Non-Catalytic Reduction (SNCR) technologies to effectively control nitrogen oxide emissions.
What kind of clients does Fuel Tech serve?
Fuel Tech serves a diverse clientele, including utility, industrial, and municipal customers, demonstrating their products in various geographic regions.
What is the expected outcome from the latest orders?
The expected outcome includes significant reductions in nitrogen oxide emissions and enhanced compliance with environmental regulations across different operational settings.
How can I learn more about Fuel Tech’s technologies?
For more information, visit Fuel Tech’s official website at www.ftek.com.
