Fuel Tech, Inc. (Nasdaq: FTEK) announced a $4.6 million contract to supply and install nitrogen oxide control systems in two new 600-megawatt coal-fired power plants in the People’s Republic of China (PRC).
The company will begin deliveries of its NOxOUT® Selective Non-Catalytic Reduction (SNCR) technology during the second quarter of 2009.
The contracting party is China Datang Technologies & Engineering Co., Ltd., with the installation taking place at the Huaneng Yimin Power Plant in Inner Mongolia. The plant is a part of China Huaneng Group, a state-owned power firm and the largest coal-based power generator in China.
China Huaneng Group commissioned a Fuel Tech NOxOUT ULTRA® system in a Beijing coal-fired power plant late in 2007.
John F. Norris Jr., President and CEO, commented, "We are delighted to be initiating a relationship with one of the PRC’s most influential environmental engineering firms and to be assisting this northern PRC region in attaining its goal of reducing emissions of major pollutants."
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 the NOxOUT®, NOxOUT CASCADE®, NOxOUT ULTRA®, Rich Reagent Injection (RRI) and NOxOUT-SCR® processes. These technologies have established Fuel Tech as a leader in post-combustion NOx control systems, with installations on over 450 units worldwide, where coal, 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 acid plume, as well as the formation of sulfur trioxide, ammonium bisulfate, particulate matter (PM2.5), carbon dioxide and NOx. This technology, in the form of a customizable FUEL CHEM program, is being applied to over 95 combustion units burning a wide variety of fuels including coal, heavy oil, biomass, and municipal waste. A breakdown of the nature of these customer units is posted on the Company’s website.
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.
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