Fuel-Tech N.V. (Nasdaq: FTEK), a leader in advanced engineering solutions for optimizing combustion systems in utility and industrial applications, announced it received five orders for NOxOUT projects totaling $2.4 million.
The first order is for NOxOUT systems for two small coal-fired boilers at a major Southeastern utility, while the second is for NOxOUT systems for two municipal solid waste incinerators in France. The third order, from a major Southeastern utility alliance partner, is for the turnkey installation of a NOxOUT SNCR system on a 350 megawatt coal-fired boiler. The remaining contracts comprise design engineering services for NOxOUT systems on four coal-fired units at a major Southeastern utility and a single coal-fired unit at a major Southwestern utility.
Steven C. Argabright, President and Chief Operating Officer, commented, “We are very pleased to start the year with announced business from several existing utility customers. In the case of our alliance partner, we fully anticipate additional air pollution control orders in the near future, while the design engineering releases should result in equipment purchases later this year. Overseas, the order in France represents the latest in a steady stream of business being won by our Italian subsidiary, which is capitalizing on expanding European market opportunities.”
Fuel-Tech N.V. is 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. The Company’s nitrogen oxide (NOx) reduction processes, which include the NOxOUT, NOxOUT CASCADE, NOxOUT ULTRA, Rich Reagent Injection (RRI) and NOxOUT-SCR technologies are installed on over 350 units worldwide.
FUEL CHEM technology revolves around the unique application of chemicals to improve the performance of combustion units by controlling slagging, fouling, corrosion and opacity. The Company’s FUEL CHEM products are being applied to over 80 combustion units burning a wide variety of fuels including coal, heavy oil, biomass, and municipal waste.
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