Fuel Tech's New Air Pollution Control Orders
Fuel Tech, Inc. (NASDAQ: FTEK), headquartered in Warrenville, Illinois, is excited to announce the recent acquisition of air pollution control (APC) orders amounting to approximately $2.6 million from their dedicated customers in the United States and Japan. This significant financial influx highlights the company's ongoing commitment towards providing cutting-edge emission control technologies.
Details of the Orders
International Order for an ULTRA System
The company has received a noteworthy order for an ULTRA system from Japan. This system is set to be implemented at a natural gas-fired Combined Cycle utility plant that is undergoing retrofitting with Selective Catalytic Reduction (SCR) technology. Fuel Tech's ULTRA process simplifies the conversion of urea into ammonia, making it an invaluable reagent for reducing nitrogen oxide (NOx) emissions. By removing the risks linked with the storage and handling of ammonia, the ULTRA system showcases a safe and cost-effective solution. This latest order is a continuation of a 2017 contract and marks the establishment of the fourth on-site unit for this particular client.
The ULTRA Process Explained
Innovative Technology for Enhanced Efficiency
Fuel Tech's ULTRA-EX™ approach significantly improves energy efficiency by utilizing high-temperature exhaust gases generated from combustion turbines. This revolutionary method allows the system to efficiently decompose urea into ammonia. The resulting ammonia is then fed to the SCR system, reducing NOx emissions. As engineering progresses, completion is projected by the second quarter of 2025 and equipment delivery is scheduled for the first quarter of 2027.
Domestic Order for Advanced Engineering Solutions
Stepping Towards Compliance
In addition to the international order, Fuel Tech also received a domestic order from a current customer within the municipal waste sector in the Northeast. This project marks the first step towards implementing an Advanced Selective Non-Catalytic Reduction (ASNCR) system—an effective solution for industries striving to meet stricter NOx control regulations. The completion timeline for this endeavor is also slated for the second quarter of 2025, revealing Fuel Tech's proactive approach in aiding customers to adhere to environmental standards.
Management Insight
Vincent J. Arnone, President and Chief Executive Officer of Fuel Tech, expressed his enthusiasm regarding these contract awards, stating, “These orders are reflective of our commitment to support a diverse array of utility and industrial customers. The contracts signify a portion of the anticipated $4 to $5 million in near-term contract wins we projected for the beginning of the second quarter. We are actively pursuing more APC contracts that we expect to win early in the second quarter.”
About Fuel Tech
Fuel Tech specializes in providing advanced technologies for air pollution control, process optimization, and water treatment services. By encouraging environmental sustainability and cost-effective operations, the company has become a frontrunner in reducing nitrogen oxides (NOx) and particulate matter through innovative technologies. With installations on over 1,300 utility, industrial, and municipal units globally, Fuel Tech's FUEL CHEM® technology enhances combustion efficiency and environmental performance.
The firm’s cutting-edge water treatment technologies include DGI® Dissolved Gas Infusion Systems, which deliver supersaturated oxygen solutions crucial for various applications in waste management and water treatment. Fuel Tech’s proprietary Computational Fluid Dynamics (CFD) modeling capabilities, paired with high-end visualization software, allow for exceptional service delivery. For further information about their offerings, visit www.ftek.com.
Frequently Asked Questions
What is the significance of the $2.6 million orders?
The $2.6 million represents important contracts for Fuel Tech that will contribute to their efforts in advancing air pollution control technologies.
Where will the new ULTRA system be installed?
The ULTRA system is set to be installed at a natural gas-fired Combined Cycle utility plant in Japan.
What technology does Fuel Tech use for NOx control?
Fuel Tech employs Selective Catalytic Reduction (SCR) and Advanced Selective Non-Catalytic Reduction (ASNCR) systems for effective NOx control.
When is the expected completion date for the new projects?
Engineering for the ULTRA system is expected to be completed by the second quarter of 2025, with delivery planned for the first quarter of 2027.
How many installations has Fuel Tech completed worldwide?
Fuel Tech has successfully installed its technologies on over 1,300 units worldwide, highlighting its expertise and commitment to environmental sustainability.
