Fuel Tech (FTEK) Gets $36.6M Contract from Chilean Utility

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Fuel Tech, Inc. (Nasdaq: FTEK), was awarded the largest air pollution control contract in its history. The $36.6 million order, placed by E.CL S.A., a major utility in Chile, includes turnkey installation of Low NOx Burners (LNBs) and Over-Fire Air (OFA) systems and mill modernization for six coal-fired units. Equipment deliveries are scheduled to commence during the first quarter of 2013, with project completion occurring during the third quarter of 2014.

Fuel Tech’s burner technologies are a cost-effective way to reduce nitrogen oxide (NOx) emissions and solve combustion problems in coal, gas or oil combustion systems. Fuel Tech’s OFA systems reduce NOx formation by diverting air from the burner zone to the upper furnace for enhanced combustion staging. Low NOx Burners limit the formation of thermal NOx and control how the fuel bound nitrogen is released.

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