November 8, 2011

Fuel Tech Awarded Air Pollution Control Orders Totaling $3.2M


WARRENVILLE, Ill.--(Oil and Energy News)--Fuel Tech, Inc. (NASDAQ: FTEK), a world leader in advanced engineering solutions for combustion and emissions control systems for utility and industrial applications, today announced receipt of multiple air pollution control orders totaling $3.2 million.

The largest of these orders, placed by an existing utility customer, was an award of a Selective Non-Catalytic Reduction (SNCR) project for one medium-sized combustion unit located in the Midwest U.S. Fuel Tech’s SNCR process is a post-combustion nitrogen oxide (NOx) reduction method which reduces NOx through the controlled injection of reagent into the post-combustion flue gas path. Equipment deliveries are currently scheduled for the spring of 2012.

Two additional orders were received in the U.S. The first award, placed by a new utility customer, was an advanced order to begin engineering and fabrication for SNCR equipment for a medium-sized combustion unit in the Southeast U.S. The second award was a temporary SNCR system for a combustion unit in the South Central U.S. This latter system is designed to meet the utility customer’s immediate needs in advance of permanent equipment. Equipment deliveries for both projects are currently scheduled for the spring of 2012.

Douglas G. Bailey, Chairman, President and Chief Executive Officer, commented, “We are pleased to receive these three SNCR orders that were placed to meet the requirements of the Cross-State Air Pollution Rule (CSAPR), which calls for greater reductions in domestic NOx emissions beginning January 1, 2012. The recent influx of SNCR modeling jobs is now beginning to convert to a stream of system orders and we anticipate similar additional equipment orders in the near future.”

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 advanced combustion modification techniques - such as Low NOx Burners and Over-Fire Air systems - and post-combustion NOx control approaches, including NOxOUT® and HERT™ SNCR systems as well as systems that incorporate ASCR™ (Advanced Selective Catalytic Reduction), CASCADE™, ULTRA™ and NOxOUT-SCR® processes. These technologies have established Fuel Tech as a leader in NOx reduction, with installations on nearly 650 units worldwide, where coal, fuel oil, natural gas, 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 operational issues associated with sulfur trioxide, ammonium bisulfate, particulate matter (PM2.5), carbon dioxide and NOx. The Company has experience with this technology, in the form of a customizable FUEL CHEM program, on over 110 combustion units burning a wide variety of fuels including coal, heavy oil, biomass, and municipal waste.

Fuel Tech also provides a range of combustion optimization services, including airflow testing, coal flow testing and boiler tuning, as well as services to help optimize selective catalytic reduction system performance, including catalyst management services and ammonia injection grid tuning. In addition, flow corrective devices and physical and computational modeling services are available to optimize flue gas distribution and mixing in both power plant and industrial applications.

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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