Fuel Tech awarded air pollution control orders totaling $2.2M

Fuel Tech, Inc. announced the receipt of multiple air pollution control (APC) contracts from new and existing customers in the US and Europe. These awards support projects serving various end markets and have an aggregate value of approximately $2.2 million. A contract was received from an industrial customer in the Midwest for a NOxOUT Selective Non-Catalytic Reduction (SNCR) system. Fuel Tech’s SNCR technology is a proven solution for utility and industrial combustion unit owners looking to comply with more stringent NOx control requirements. Equipment delivery is expected in the fourth quarter of 2023. A second US order was received to upgrade an existing SNCR system on a coal-fired unit in the Midwest to comply with current and future NOx reduction requirements driven by the EPA creating a final rule as a next phase of the Cross State Air Pollution Rule to meet the Good Neighbor provision of the Clean Air Act. Delivery of the upgrade will be completed in the third quarter of 2023. An order was received from an existing US customer for an ULTRA system for a gas-fired package boiler which can used at multiple customer locations. Fuel Tech’s ULTRA process provides for the safe and cost-effective on-site conversion of urea to ammonia for use as a reagent where Selective Catalytic Reduction (SCR) is used to reduce NOx, eliminating the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. Deliveries are expected to be completed in the first quarter of 2024. In addition, change orders were received related to our ULTRA system for previously announced projects on the West Coast and for two current SNCR projects, with work in each case expected to be completed in the third quarter of 2023.