Fuel Tech (FTEK) Receives $6M in New APC Orders
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Fuel Tech, Inc. (Nasdaq: FTEK), announced receipt of multiple air pollution control (APC) orders totaling $6.0 million.
Details of the APC orders:
"e largest of these orders, placed by a major utility and existing customer, was an award for Over-Fire Air (OFA) systems and burner modifications for two coal-fired units. Fuel Tech OFA systems reduce nitrogen oxide (NOx) formation by diverting air from the burner zone to the upper furnace for enhanced combustion staging. Burner modifications adjust the combustion process to account for the lower air flow in the burner zone, which will further reduce NOx formation. Equipment deliveries are currently scheduled for the second quarter of 2012.
The Company also received an award, placed by a major utility and an existing customer, for a Selective Non-Catalytic Reduction (SNCR) project for a large coal-fired unit located in the Midwest U.S. Fuel Tech’s SNCR process is a post-combustion NOx reduction method which reduces NOx through the controlled injection of reagent into the post-combustion flue gas path. Equipment deliveries are currently scheduled for the second quarter of 2012.
Additionally, an award was received from a new industrial customer for an ULTRA™ system in China. 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 are currently scheduled for the first half of 2012."
Details of the APC orders:
"e largest of these orders, placed by a major utility and existing customer, was an award for Over-Fire Air (OFA) systems and burner modifications for two coal-fired units. Fuel Tech OFA systems reduce nitrogen oxide (NOx) formation by diverting air from the burner zone to the upper furnace for enhanced combustion staging. Burner modifications adjust the combustion process to account for the lower air flow in the burner zone, which will further reduce NOx formation. Equipment deliveries are currently scheduled for the second quarter of 2012.
The Company also received an award, placed by a major utility and an existing customer, for a Selective Non-Catalytic Reduction (SNCR) project for a large coal-fired unit located in the Midwest U.S. Fuel Tech’s SNCR process is a post-combustion NOx reduction method which reduces NOx through the controlled injection of reagent into the post-combustion flue gas path. Equipment deliveries are currently scheduled for the second quarter of 2012.
Additionally, an award was received from a new industrial customer for an ULTRA™ system in China. 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 are currently scheduled for the first half of 2012."
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