Fuel Tech Awarded Air Pollution Control Orders Totaling $10.5M.
Byline: Benzinga Staff
WARRENVILLE, Ill.--(BUSINESS WIRE)--
Fuel Tech, Inc. (NASDAQ: FTEK), a world leader in advanced engineering solutions for combustion and emissions control systems for utility and industrial applications, today announced receipt of multiple air pollution control orders totaling $10.5 million.
In the U.S., orders were received for three Selective Non-Catalytic Reduction (SNCR) systems. One award, placed by a new utility customer in the Southeast, was for two SNCR systems on large coal-fired units. The second award, placed by a new utility customer in the South Central region, was for an SNCR system on a medium coal-fired unit. 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 for the three projects are currently scheduled for the second quarter of 2012.
Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, "The SNCR orders were placed to meet the requirements ofthe Cross-State Air Pollution Rule (CSAPR), which calls for greater reductions in domestic NOx emissions beginning January 1, 2012. As the CSAPR regulatory landscape continues to evolve, it is our goal to work with our customers to understand their emission control needs anddeliver a range of product solutions that serve those needs in a timely and cost-effective manner. Given the current timeline for CSAPR compliance and the start of NOx allowance trading programs, we anticipate additional APC orders over the next several quarters."