Fuel Tech, Inc. (Nasdaq: FTEK), a company that optimizates combustion systems in utility and industrial applications, has received its second NOxOUT ULTRA® contract in the People’s Republic of China.
The $2.6 million order calls for the installation of a NOxOUT ULTRA system at Huaneng Beijing Co-Generation Co., Ltd. in support of four coal-fired thermal electric generating units to be retrofitted with selective catalytic reduction (SCR) systems for NOx control. Project completion is scheduled for late 2007, in advance of the 2008 Summer Olympics. Huaneng Beijing Co-Generation Co., Ltd. is owned by Huaneng Power International, Inc., part of China Huaneng Group, the largest coal-based power generator in the PRC.
Fuel Tech’s NOxOUT ULTRA process provides for the safe and cost-effective on-site conversion of urea to ammonia for use as a reagent in the SCR process, eliminating the hazards associated with the transport, storage and handling of ammonia.
John F. Norris Jr., President and CEO commented, “We are extremely pleased to report our second NOxOUT ULTRA project in the PRC, just weeks after our first announcement. This award builds on our growing momentum in the Chinese market and reaffirms the attractiveness of our urea-to-ammonia conversion technology, which is especially well suited for use near densely populated cities such as Beijing, where the frequent transportation of hazardous chemicals such as ammonia is problematic.”
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.
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