Key Developments: Fuel Tech Inc (FTEK.O)
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Latest Key Developments (Source: Significant Developments)
Fuel Tech Inc Secures US Air Pollution Control Orders Totaling $10.5 Million
Fuel Tech Inc announced the receipt of two domestic Air Pollution Control (APC) contracts with an aggregate value of approximately $10.5 million. Deliveries for both contracts are scheduled for the fourth quarter 2013. These projects will utilize Fuel Tech`s HERT High Energy Reagent Technology and NOxOUT Selective Non-Catalytic Reduction (SNCR) injection technologies. The second contract, placed by a domestic chemical company, is for an engineering release for a conventional Selective Catalytic Reduction (SCR) system that will be installed on an industrial gas-fired boiler in order to keep the facility within its NOx permit limit while it undergoes a production expansion. The system includes the SCR reactor, flow mixing devices, ammonia injection grid, and aqueous ammonia feed system, each of which is key to optimal SCR performance. Full Article
Fuel Tech Inc Secures Air Pollution Control Orders In China Totaling $3.3 Million
Fuel Tech Inc announced that it has received three air pollution control contracts.The first award is for two ULTRA systems for an existing customer in China for medium-sized coal-fired units that are being retrofitted with NOx reduction technology. The second order is for ULTRA from a new Chinese customer on a coal-fired unit. Fuel Tech`s ULTRA process provides for the safe and cost-effective on-site conversion of urea to ammonia for use as a reagent in the selective catalytic reduction of NOx, eliminating the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. Equipment deliveries for these projects are expected to occur in the third quarter of this year. The third contract is from a new industrial customer in China for SNCR systems on four small coal-fired boilers, with deliveries also in the third quarter. In addition, several smaller orders were received for modeling projects in the US. Full Article
Fuel Tech Inc Secures Air Pollution Control Orders Totaling $4.3 Million
Fuel Tech Inc announced receipt of air pollution control (APC) orders totaling $4.3 million. The orders is from a Midwest utility for a nitrogen oxide (NOx) reduction project on a coal-fired boiler. This project will utilize Fuel Tech`s HERT High Energy Reagent Technology and NOxOUT Selective Non-Catalytic Reduction (SNCR) injection technologies. Equipment deliveries are scheduled for the fourth quarter of 2013. Several other orders from various customers were received including preliminary engineering for an ASCR Advanced Selective Catalytic Reduction system, Computational Fluid Dynamics (CFD) modeling services, and an SNCR demonstration project for a domestic industrial customer. Full Article
Fuel Tech Inc Secures Air Pollution Control Orders Totaling $4.4 Million
Fuel Tech Inc announced receipt of air pollution control (APC) orders totaling $4.4 million. The orders placed by a Midwest utility, represent nitrogen oxide (NOx) reduction projects on two coal-fired boilers. These projects will utilize Fuel Tech`s HERT High Energy Reagent Technology and NOxOUT Selective Non-Catalytic Reduction (SNCR) injection technologies. Equipment deliveries are scheduled for the fourth quarter of 2013. An order for Computational Fluid Dynamics (CFD) modeling was also received from a domestic utility doing an engineering study for particulate matter control options to meet the utility Mercury and Air Toxic Standards (MATS) Rule. Full Article
Fuel Tech Inc Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Fuel Tech Inc announced that for fiscal 2013, it expects $115 million or so in revenue. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $114 million for fiscal 2013. Full Article
Fuel Tech Inc Secures Air Pollution Control Orders Totaling $3.2 Million
Fuel Tech Inc announced that it received four air pollution control contracts in China, along with several orders in the US and Europe. The first award is for an SNCR system on a cement kiln in China. SNCR technology can provide NO x reduction from cement production processes without the challenges associated with the application of SCR technology. The cement produced from a kiln can affect SCR catalyst life or may require system design changes or additional components. Equipment delivery is scheduled for the second quarter of 2013. The other three awards in China, two of which are from new utility customers, represent ULTRA systems for six medium-sized coal-fired units that are being retrofitted with NO x reduction technology. Fuel Tech's ULTRA process provides for the safe and cost-effective on-site conversion of urea to ammonia for use as a reagent in the selective catalytic reduction of NO x , eliminating the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. Equipment deliveries for these projects are expected to occur in the second quarter of this year. Other contracts include an engineering study for NO x control technologies from a utility in Europe, a project in the Western US to demonstrate the application of SNCR technology, and several CFD modeling projects associated with the evaluation of SCR technology. Full Article
Fuel Tech Inc Secures Air Pollution Control Orders in China Totaling $2.6 Million
Fuel Tech Inc announced that receipt of two ULTRA contracts in China totaling $2.6 million. The first and larger award, placed by a new utility customer, is an award of ULTRA systems for two small and two medium-sized coal fired units that are being retrofitted with nitrogen oxide (NOx) reduction technology. Equipment delivery for this award is scheduled over the next four quarters as units are retrofitted with NOx reduction technology. The second award, also from a new utility customer, is an award of ULTRA systems for four medium-sized coal-fired units that are being retrofitted with NOx reduction technology. The equipment delivery for this award will occur in the fourth quarter of this year. Fuel Tech`s ULTRA process provides for the safe and cost-effective on-site conversion of urea to ammonia for use as a reagent in the selective catalytic reduction of NOx, eliminating the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. Full Article
Fuel Tech Inc Secures Air Pollution Control Contract In Taiwan
Fuel Tech Inc announced that it was awarded a $7.6 million contract to supply equipment and engineering services for an ASCR Advanced SCR project in Taiwan, Republic of China. This order, placed by an existing customer for two industrial boilers burning coal and other gases, incorporates Fuel Tech’s combined Low NOx Burner (LNB), Over-Fire Air (OFA), NOxOUT Selective Non-Catalytic Reduction (SNCR) and Selective Catalytic Reduction (SCR) technologies. Equipment deliveries are scheduled for the first and third quarters of 2013. Full Article
Fuel Tech Inc Receives Air Pollution Control Orders Totaling $2.7 Million
Fuel Tech Inc announced air pollution control orders totaling $2.7 million. Full Article
Fuel Tech Inc Receives Air Pollution Control Orders In China Totaling $2.3 Million
Fuel Tech Inc announced receipt of three air pollution control orders in China totaling $2.3 million. Two orders were received from coal-fired power generators for ULTRA projects in China. Both orders were placed by existing customers for coal-fired units that are being retrofitted with nitrogen oxide (NOx) reduction technology. Equipment deliveries for these projects are expected to occur in the fourth quarter of this year and the first quarter of next year. One additional order was received for NOx control technology from an industrial customer in China. The order, placed by an existing customer, is for a Low NOx Burner (LNB) and Over-Fire Air (OFA) project on one unit. The equipment delivery for the project is scheduled for the fourth quarter of this year. Full Article
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