QualityStocks would like to highlight Fuel Tech (
NASDAQ: FTEK), 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, combustion efficiency, and advanced engineering services. These technologies enable customers to operate efficiently in a cost-effective and environmentally sustainable manner.
In the company’s news,
Fuel Tech announced landing three more contracts for their ULTRA™ system in China, a system that shatters the paradigm in ammonia generation for SCR (selective catalytic reduction) applications.
This ULTRA system is great for coal-fired plants possessing or retrofitted with nitrogen oxide reduction hardware, granting operators the safest and most cost-effective means of doing urea to ammonia conversion on-site. This system eliminates the costly, often extremely dangerous transportation and storage hazards typically associated with selective catalytic reduction, and Chinese coal-fired customers have been receptive. ULTRA represents a simplified, one-stop-shop processing solution for converting urea efficiently, and does not involve high-temp or high-pressure hydrolysis, thus the process is not affected by urea additives (no specialized urea needed and sourcing flexibility is quite robust) and the entire setup is designed from the get go for low maintenance.
The first contract awarded is for two systems that are destined for medium-sized coal-fired retrofit units at an existing customer, the second for a new customer’s coal-fired unit, and the third for a series of SNCR’s (selective non-catalytic reduction) on four small coal-fired boilers at another new Chinese client. Hardware should go out around Q3 this year and FTEK was proud to announce that several smaller orders have also come in state-side recently for modeling projects.
FTEK Chairman, President, and CEO, Doug Bailey, hailed this latest example of the continued adoption of FTEK systems (the ULTRA in particular) among Chinese customers as a strong endorsement and underscored the mounting bid requests across the country. Bailey cited the rapid implementation of SCR/SNCR hardware to meet strict PRC nitrogen oxide reduction requirements set forth in the 12th five-year plan as a leading indicator of a growing trend and forecasted steadily growing market share in China for the company’s proven technologies.
With APC hardware installed on over 700 combustion units worldwide and a broad array of programs under their FUEL CHEM® process optimization arm, FTEK considers itself on the cutting-edge of combustion unit efficiency, reliability, and environmental compliance.
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Forward-Looking Statement:
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