Includes Orders for New XCAM™ Ammonia Monitoring Systems
WARRENVILLE, Ill.--(BUSINESS WIRE)--
Fuel Tech, Inc. (NASDAQ: FTEK), a world leader in advanced engineering
solutions for the optimization of combustion systems and emissions
control in utility and industrial applications, today announced the
receipt of multiple air pollution control (APC) contracts from customers
in China. In the US, Fuel Tech received an order for a demonstration
system using Selective Non-Catalytic Reduction (SNCR) technology, as
well as the first commercial orders for XCAM™ Extractive Continuous
Ammonia Monitor systems. These awards and projects have an aggregate
value of approximately $4.3 million. Equipment deliveries for these
contracts are expected to occur in the first and second quarters of 2014.
An award was received for ULTRA™
systems for two medium-sized coal-fired utility units in China that are
being retrofitted with nitrogen oxide (NOx) reduction
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 (SCR) of NOx,
eliminating the hazards associated with the transport, storage and
handling of anhydrous or aqueous ammonia. In addition, orders were
received from several new and existing Chinese customers for multiple
small coal-fired units that will utilize HERT™ High Energy Reagent
Technology™ and NOxOUT® Selective Non-Catalytic
Reduction (SNCR) systems at various industrial facilities.
A contract was also received for a Flue Gas Conditioning (FGC) system
from a repeat utility customer for a large coal-fired unit in China. FGC
technology uses sulfur and urea as conditioning reagents to improve the
efficiency of electrostatic precipitators (ESPs), which are used to
capture fly ash particulate from coal-fired boilers. FGC systems provide
a low capital cost approach to improving particulate capture versus the
alternatives of installing larger ESPs or fabric filter technology to
meet regulatory requirements for particulate and opacity levels. The
ammonia needed for the FGC process is generated using Fuel Tech’s ULTRA
technology, expanding its use beyond SCR applications.
Fuel Tech received two orders for its new XCAM™ Extractive Continuous
Ammonia Monitor product line. XCAM is an engineered system designed to
measure ammonia concentration for SNCR and SCR applications, combining
the accuracy and repeatability of a Tunable Diode Laser (TDL)
measurement system with an extractive probe design. XCAM provides
ammonia monitoring that can be adjusted for specific areas of the flue
gas, or to provide an average ammonia reading in the outlet ductwork.
The probe design allows measurement of the duct cross-section without
having to purchase multiple TDL analyzers, and the extractive nature of
the system provides for easy access, alignment and maintenance. The XCAM
system will provide data to the SNCR system controls to allow system
optimization to improve NOx reduction performance and reduce
reagent consumption, while allowing customers to monitor potential
environmental and operational issues associated with excess ammonia
Douglas G. Bailey, Chairman, President and Chief Executive Officer,
commented, “China remains an important part of Fuel Tech’s overall
growth strategy, and we will continue to pursue the many opportunities
available in that region. We are committed to providing innovative
solutions for our customers worldwide as they pursue strategies for
clean efficient energy.”
Mr. Bailey continued, “One of our recent innovations is our patented
XCAM technology. The first commercial XCAM systems are being installed
on domestic units that just recently placed Fuel Tech’s SNCR equipment
into successful operation. We believe that our XCAM technology, which is
a result of our focus on new product development, has potential to
improve operations on hundreds of boilers worldwide with existing SNCR
and SCR technologies, as well as for all new installations.”
About Fuel Tech
Fuel Tech is a leading technology company engaged in the worldwide
development, commercialization and application of state-of-the-art
proprietary technologies for air pollution control, process
optimization, and advanced engineering services. These technologies
enable customers to produce both energy and processed materials in a
cost-effective and environmentally sustainable manner.
The Company’s nitrogen oxide (NOx) reduction technologies
include advanced combustion modification techniques - such as Low
NOx Burners and Over-Fire
Air systems - and post-combustion NOx control approaches,
and HERT™ SNCR systems as well as systems that incorporate ASCR™
(Advanced Selective Catalytic Reduction), NOxOUT
processes. The XCAM™ Extractive Continuous Ammonia Monitor can be used
to improve NOx reduction performance and boiler operation on
units with SNCR and SCR systems. These technologies have established
Fuel Tech as a leader in NOx reduction, with installations on
over 800 units worldwide, where coal, fuel oil, natural gas, municipal
waste, biomass and other fuels are utilized.
The Company’s FUEL
CHEM® technology revolves around the unique application
of chemicals to improve the efficiency, reliability, fuel flexibility
and environmental status of combustion units by controlling slagging,
fouling, corrosion, opacity and operational issues associated with
sulfur trioxide, ammonium bisulfate, particulate matter (PM2.5),
carbon dioxide and NOx. The Company has experience with this
technology, in the form of a customizable FUEL CHEM program, on over 110
combustion units burning a wide variety of fuels including coal, heavy
oil, biomass, and municipal waste.
Fuel Tech also provides a range of combustion optimization services,
including airflow testing, coal flow testing and boiler tuning, as well
as services to help optimize selective catalytic reduction system
performance, including catalyst management services and ammonia
injection grid tuning. In addition, flow corrective devices and physical
and computational modeling services are available to optimize flue gas
distribution and mixing in both power plant and industrial applications.
Many of Fuel Tech’s products and services rely heavily on the Company’s
exceptional Computational Fluid Dynamics modeling capabilities, which
are enhanced by internally developed, high-end visualization software.
These capabilities, coupled with the Company’s innovative technologies
and multi-disciplined team approach, enable Fuel Tech to provide
practical solutions to some of our customers’ most challenging problems.
For more information, visit Fuel Tech’s web site at www.ftek.com.
This press release may contain statements of a forward-looking nature
regarding future events. These statements are only predictions and
actual events may differ materially.Please refer to documents
that Fuel Tech files from time to time with the Securities and Exchange
Commission for a discussion of certain factors that could cause actual
results to differ materially from those contained in the forward-looking
For Fuel Tech, Inc.
David S. Collins
Chief Financial Officer
The Equity Group Inc.
Source: Fuel Tech, Inc.