WARRENVILLE, Ill. - Fuel Tech , Inc. (NASDAQ: NASDAQ:FTEK), a provider of advanced engineering solutions for combustion systems, emissions control, and water treatment, has announced securing orders valued at approximately $2.1 million. The orders for the company's pollution control and chemical technologies hail from new and existing clients across Europe, the United States, and the Caribbean.
In Europe, Fuel Tech received two orders from new clients for its Selective Catalytic Reduction (SCR) technology, which targets nitrogen oxide (NOx) emissions. One order, for a chemical processing plant, involves a system that will use anhydrous ammonia to reduce NOx in a natural gas and process gas fired heater.
Delivery is anticipated in the fourth quarter of 2024. The second order, for a municipal solid waste facility, includes an SCR system to reduce NOx and carbon monoxide emissions from a natural gas fired boiler, with delivery expected by the first quarter of 2025.
From the Caribbean, an existing customer has placed an order for Fuel Tech's proprietary TIFI® Targeted In-Furnace Injection technology, part of its FUEL CHEM® program. This technology is designed to mitigate boiler slagging and corrosion in a metals processing facility, with the chemical injection equipment slated for delivery in the second quarter of 2024.
Additionally, an existing U.S. customer from the Midwest has contracted Fuel Tech for upgrades to an existing Selective Non-Catalytic Reduction (SNCR) system at a coal-fired utility unit. The enhancements are in response to the EPA’s Good Neighbor Rule, which mandates improved efficiency of NOx reduction equipment during the summer ozone season. Completion of deliveries is expected by the end of the second quarter of 2024.
Fuel Tech's President and CEO, Vincent J. Arnone, expressed satisfaction with the new contracts, highlighting the company's continued growth and the diverse application of its product solutions globally. He also noted that the EPA Good Neighbor Rule could present further opportunities for NOx reduction technologies.
The company specializes in NOx reduction and particulate control technologies, with a portfolio of products and services that have been installed on over 1,300 units worldwide. Fuel Tech's solutions aim to help customers operate in an environmentally sustainable and cost-effective manner.
This announcement is based on a press release statement.
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