Fuel Tech Awarded Air Pollution Control Orders Totaling $4.5M
Fuel Tech, Inc. (NASDAQ: FTEK) today announced receipt of multiple air pollution control orders totaling $4.5 million.
Two orders were received for ULTRA™ projects in China. The first and largest order, placed by an existing customer, is an award of ULTRA systems for two large-sized coal-fired units that are being retrofitted with nitrogen oxide (NOx) reduction technology. The second order, placed by a new customer, is an award of ULTRA systems for two large-sized coal-fired units being retrofitted with NOx control 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 of NOx, eliminating the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. Equipment deliveries for these projects are expected to occur in the third quarter of this year and the first quarter of next year.
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