Business Services Industry
Fuel-Tech N.V. to Host 'Fossil Energy-Produced Air Emission Control Workshop' in the People's Republic of China
Business Wire, May 30, 2006
STAMFORD, Conn. -- Fuel-Tech N.V. (Nasdaq: FTEK), a world leader in advanced engineering solutions for the optimization of combustion systems in utility and industrial applications, announced that it is hosting the "Fossil Energy-Produced Air Emission Control and Reduction Technology Workshop" today in the Guangdong Province of the People's Republic of China (PRC). This conference, the first of its kind for Fuel Tech, is sponsored along with the Guangdong Provincial Environmental Protection Bureau, the Shenzhen Council for the Promotion of International Trade, and the U.S. Department of Commerce. One hundred and sixty participants, including plant managers, senior utility executives and government officials, are expected to attend.
At this all-day event, Fuel Tech will discuss an analysis of nitrogen oxide (NOx) emissions standards for China, as well as analyze and recommend various scenarios of NOx emissions control, highlighting the Company's state-of-the art NOxOUT ULTRA(R) and hybrid NOxOUT(R) Selective Non-Catalytic Reduction (SNCR) and Selective Catalytic Reduction (SCR) technologies. Presenting from Fuel Tech will be: Michael Maley, Senior Vice President, International Business Development and Project Execution; Dr. M. Linda Lin, Vice President, Asia/Pacific; and Dr. William Sun, Vice President, Air Pollution Control Technologies. The conference will also feature presentations from several keynote speakers, as well as representatives from two coal-fired utility customers that will be installing Fuel Tech's air pollution control equipment.
John F. Norris Jr., President and Chief Executive Officer, commented, "As evidenced by the stature and diversity of participants at this workshop, there is a growing recognition that further investment will be required to protect the environment and limit harmful air emissions in the PRC. As the Hong Kong Special Administrative Region and the Guangdong Provincial Government agencies take corrective action to improve the country's environmental status, this is a timely gathering that will afford Fuel Tech valuable exposure in the world's largest coal consuming country. With an estimated 350,000 megawatts (MW) of installed fossil generation, and another 225,000 MW of new coal plants being built in the near future, the PRC represents a vast opportunity for Fuel Tech."
Mr. Norris concluded, "As a host of this workshop, Fuel Tech is pleased to offer a variety of technologies that can assist coal-fired utilities in attaining their desired levels of NOx reduction in a safe, timely and economic manner. Certain of these technologies are already being incorporated into six new coal-fired boilers under construction at two plants in Jiangsu Province."
More information on this conference, including agenda and presentations, can be found at www.fueltechnv.com.
About Fuel-Tech N.V.
Fuel-Tech N.V. 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 the NOxOUT(R), NOxOUT CASCADE(R), NOxOUT ULTRA(R), Rich Reagent Injection (RRI) and NOxOUT-SCR(R) processes. These technologies have established Fuel Tech as a leader in post-combustion NOx control systems, with installations on over 375 units worldwide, where coal, municipal waste, biomass, and other fuels are utilized.
The Company's FUEL CHEM(R) technology revolves around the unique application of chemicals to improve the efficiency and reliability of combustion units by controlling slagging, fouling, corrosion and opacity. This technology, in the form of a customizable FUEL CHEM program, has been applied to over 80 combustion units burning a wide variety of fuels including coal, heavy oil, biomass, and municipal waste.
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 N.V.'s web site at www.fueltechnv.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.
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