Fuel Tech Awarded Air Pollution Control Orders Totaling $7.8 Million

Fuel Tech, a world leader in advanced engineering solutions for the optimization of combustion systems and emissions control in utility and industrial applications, today announced the receipt of multiple air pollution control (APC) contracts from customers in China and the U.S., including its first Electrostatic Precipitator (ESP) orders following the acquisition of PECO-FGC. These awards have an aggregate value of approximately $7.8 million.

The first U.S. ESP order is for a large coal-fired utility boiler in the Southeast. The project includes the supply and installation of internal components, along with electrical power supplies and integrated plant controls for the ESP. Installation and startup are scheduled for completion in the third quarter of 2015. The second order is for an ESP retrofit on a coal-fired unit in the Midwest where the scope includes ESP modeling, along with engineering and equipment to improve the safety and reliability of the unit. Delivery of the equipment is scheduled for the fourth quarter of 2014. Both projects are designed to improve the performance of the plants to meet the Environmental Protection Agency's upcoming Mercury and Air Toxics Standards (MATS) for particulate emissions.

The contracts in China are for ULTRA™ systems at several sites with coal-fired units that are being retrofitted with nitrogen oxide (NOx) 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 NOx, eliminating the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. Equipment deliveries for these orders are expected to occur in the fourth quarter of this year.

Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, “The acquisition of PECO-FGC broadened Fuel Tech’s APC product portfolio and has granted us access into the fast-growing particulate control market. Coal and biomass fired plant operators throughout the U.S. are creating strategies to meet upcoming particulate regulations under the MATS Rule for utility boilers or under the Boiler Maximum Achievable Control Technology (MACT) Rule for industrial boilers. We also see growing particulate control activity in our international markets and are excited about the range of future opportunities. The number of our ULTRA systems installed in China for NOx control continues to grow as sources move to comply with the requirements of the 12th Five-Year Plan.”