Fuel Tech awarded largest order ever

Fuel Tech (Nasdaq: FTEK) today announced it was awarded a three-year order by an existing unnamed electric utility customer in the Southeastern U.S. to clean up three of its coal-based power plants.

The order covers three coal-fired units, comprising two existing Fuel Tech installations plus a third unit for which modeling is underway and chemical injection is expected to commence early in the second quarter.

The company’s proprietary TIFI™ Targeted In-Furnace Injection technology addresses the customer’s ongoing need for sulfur trioxide (SO3) mitigation as well as slag inhibition. The units currently burn high-sulfur, high slagging Northern Appalachian coal.

“We are extremely excited to have signed a long-term, multi-unit agreement with this key customer,” commented John F. Norris Jr., President and Chief Executive Officer. “Based on historical run rates at this site, and subject to the contract’s anticipated length and specified dollar limit amount, this announcement represents the largest Fuel Chem program order in Fuel Tech’s history. Moreover, at 1800 megawatts, this order is also the largest site-wide implementation of a Fuel Chem program in the world.”

Fuel Tech is engaged in the development, commercialization and application of proprietary technologies for air pollution control, process optimization, and advanced engineering services.

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