Fuel Tech Awarded Air Pollution Control Orders Totaling $5.0 Million
Fuel TechFuel Tech(US:FTEK) Newsfilter·2024-08-06 20:10

Core Insights - Fuel Tech, Inc. has received air pollution control (APC) orders valued at approximately $5.0 million from both new and existing customers in Europe and the US, marking a significant addition to its backlog [1][5] - The company has secured its first APC award for a renewable energy project, indicating a strategic move into the growing renewable energy market [1][5] Summary by Category New Orders - A new customer in Europe has placed an order for multiple ammonia delivery and injection systems for renewable energy facilities, which will utilize Selective Catalytic Reduction (SCR) technology for nitrogen oxide (NOx) reduction [2] - The order includes a defined price option for the customer to add additional units within a specified timeframe, with equipment deliveries expected in the fourth quarter of 2025 [2] Existing Customer Contracts - An existing customer in Europe has contracted for SCR technology to be used in a natural gas-fired heater at a chemical processing plant, with equipment deliveries anticipated in the second and third quarters of 2025 [3] - In the US, an existing customer has ordered an ULTRA® system for installation on a natural gas turbine at a university, with deliveries expected to be completed in the first quarter of 2025 [4] Company Overview - Fuel Tech specializes in advanced engineering processes for emissions control and water treatment technologies, with a strong focus on nitrogen oxide (NOx) reduction and particulate control [6] - The company has installed its solutions on over 1,300 utility, industrial, and municipal units worldwide, showcasing its extensive market reach and technological capabilities [6]