Fuel Tech, Inc. (NASDAQ: FTEK), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today announced the receipt of air pollution control (APC) orders from new and existing customers in Europe and the US. These orders, which have an aggregate value of approximately $5.0 million, include the Company’s first APC award for a renewable energy project.
An order was received from a new customer in Europe for multiple ammonia delivery and injection systems for renewable energy facilities located in Europe. The ammonia equipment will be used for Selective Catalytic Reduction (SCR) technology, which uses a catalyst along with urea or ammonia as the reagent to provide high levels of nitrogen oxide (NOx) reduction. The SCR system is located at the renewable energy facilities as part of a green hydrogen production process. Equipment deliveries are expected in the fourth quarter of 2025, and the order includes a defined price option for the customer to add additional units within a specified time frame.
A second contract in Europe was received from an existing customer for SCR technology. The application is for a natural gas fired heater used at a chemical processing plant. The SCR system includes the aqueous ammonia storage and delivery equipment along with the catalyst. Equipment deliveries are expected in the second and third quarters of 2025.
A contract was received from an existing customer in the US for an ULTRA® system to be installed on a natural gas turbine at a university in the Northeast. 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 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 2025.
Vincent J. Arnone, President and Chief Executive Officer, commented, “These new awards significantly improve our effective APC backlog. Our portfolio of emissions control technologies offers a wide range of value-added solutions to customers around the world and across industries. We are excited to have our first APC award in the growing renewable energy market where hydrogen is being used as an alternative fuel to dramatically reduce greenhouse gas emissions.”
