Fuel-Tech Aktie
WKN DE: 887990 / ISIN: AN3595231072
07.07.2009 11:00:00
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Fuel Tech to Host China Workshop on Energy Efficiency Improvement and NOx Emissions Control Technologies for Fossil Power
Fuel Tech, Inc. (NASDAQ: FTEK), a world leader in advanced engineering solutions for the optimization of combustion systems and emissions control in utility and industrial applications, today announced that it has organized and is hosting the "Fossil Power’s Energy Efficiency Improvement and NOx Emissions Control Technologies Workshop” on July 9 in Guangzhou, the capital city of Guangdong Province on the southern coast of China. The goal of the workshop is to help educate potential clients on systems to alleviate ever-worsening air quality issues in the South China and Hong Kong region, while helping the power sector utilize fossil combustion and generate fossil power at higher efficiency.
Sponsoring the conference is China Energy Conservation Investment Corporation, Guangdong Association of Environmental Protection Industry, the U.S. Commercial Service of American Consulate General Guangzhou and the U.S. Commercial Service of American Consulate General Hong Kong. Co-sponsoring the event are the State of Illinois-Far East Bureau and ITOCHU Corporation, while the workshop’s main supporter is China Electricity Council. Over 200 participants are expected to attend, mainly from South China and Hong Kong, and include power plant managers and engineers, utility owner executives, senior personnel of environmental engineering firms, and government officials.
At this all-day event, Fuel Tech representatives will discuss the energy efficiency benefits of TIFI™ Targeted In-Furnace Injection™ technology as well as the nitrogen oxide (NOx) reduction capabilities associated with the Company’s broad spectrum of NOx control technologies, including combustion modification, Hybrid Selective Non-Catalytic Reduction (SNCR) and Selective Catalytic Reduction (SCR) technologies, Rich Reagent Injection technology, and urea-to-ammonia conversion ULTRA™ systems, and the various combinations thereof.
Presenting technical papers from Fuel Tech will be: Dr. M. Linda Lin, Senior Vice President, China/Pacific Rim; Volker Rummenhohl, Vice President, Catalyst Technologies; Dr. John Cheng and George Hermanes, Senior Process Engineers; Dr. Mingming Fang, Chemical Manager; Li Ma, Senior Engineering Manager for TIFI and Combustion Products; and LiMin Zhu, Chief Engineer. The conference will also feature several keynote speakers, including officials discussing new air pollution control (APC) regulations in Guangdong, as well as representatives from coal-fired utilities that have installed Fuel Tech’s APC equipment.
John F. Norris Jr., President and Chief Executive Officer, commented, "The need for ongoing information exchange in the areas of energy efficiency and air pollution control is evident by the keen interest of participants and sponsors associated with this workshop. The conference is particularly timely as new NOx reduction regulations go into effect August 1, 2009 in Guangdong Province, which is sure to make this region a hotbed of sales activity. Moreover, the capital city of Guangzhou will be the site of the 2010 Asian Games, which commence November 11, 2010. To help ensure needed improvements in air quality, Guangzhou is requiring installation of pollution control equipment by September 30, 2010, designed to achieve NOx reduction ranging from 40% to 80%, respectively, for small- to large-sized units. Such efforts to reduce air pollution will not be unlike those associated with the 2008 Summer Olympics in Beijing.”
Mr. Norris concluded, "With our broad suite of low capital cost technologies, we believe Fuel Tech has the right mix of products to meet the energy efficiency and air pollution control needs of a wide range of coal-fired power plants in China. In particular, the Company’s unique ability to combine technologies on a project-specific basis, ranging from low NOx burners and overfire air to highly NOx reducing hybrid systems, affords us a strong competitive position in bidding on power plant units as small as 50 megawatts to as large as 1,000 megawatts. By enabling Fuel Tech to showcase its technologies, we believe this workshop will facilitate our sales efforts in the burgeoning Guangdong market.”
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 overfire air systems - and post-combustion NOx control approaches, including NOxOUT® and HERT™ SNCR systems as well as systems that incorporate NOxOUT CASCADE®, ULTRA™, Rich Reagent Injection (RRI) and NOxOUT-SCR® processes. These technologies have established Fuel Tech as a leader in NOx reduction, with installations on over 550 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 acid plume, as well as the formation of sulfur trioxide, ammonium bisulfate, particulate matter (PM2.5), carbon dioxide and NOx. This technology, in the form of a customizable FUEL CHEM program, is being applied to over 85 combustion units burning a wide variety of fuels including coal, heavy oil, biomass, and municipal waste. A breakdown of the nature of these customer units is posted on the Company’s website.
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.
This press release may contain statements of a forward-looking nature regarding future events. These statements are only predictions and actual events may differ materially. Please refer to documents that Fuel Tech files from time to time with the Securities and Exchange Commission for a discussion of certain factors that could cause actual results to differ materially from those contained in the forward-looking statements.