--Benefits of TIFI(TM) Program Documented--
BATAVIA, Ill.--(BUSINESS WIRE)--January 30, 2008-- Fuel Tech, Inc. (Nasdaq: FTEK) today announced the presentation of a joint case study at Electric Utilities Environmental Conference (EUEC) 2008 detailing the environmental, operating and financial benefits associated with the Company's TIFI(TM) Targeted In-Furnace Injection(TM) program at Santee Cooper's Cross Generating Station. The case study, titled "Controlling SO3, Slag and Fouling Resulting in Improved Heat Rates, Better Efficiency and Allowing for Fuel Flexibility - Santee Cooper, Cross Station Case Study," represents the culmination of an 18-month cooperative effort with Santee Cooper, South Carolina's state-owned electric utility.
The paper demonstrates that a TIFI program application to control opacity from sulfur trioxide (SO3) emissions can provide a greater than four to one return on investment while solving a challenging environmental problem. In contrast, most environmental solutions require additional capital, operating and maintenance costs with little or no financial payback. The success of the TIFI program provides a new approach for utilities to reduce fuel and operating costs by burning the higher sulfur and lower ash fusion temperature coals that cause increases in SO3 emissions.
John F. Norris Jr., President and Chief Executive Officer, commented, "We are extremely excited to disseminate the extraordinary results of this case study, which is available in its entirety on the Company's website at www.ftek.com. This exhaustive report validates the value proposition of FUEL CHEM(R) programs, which are successfully meeting evolving market demands by delivering quantifiable, performance-based engineering solutions for our customers."
Mr. Norris continued, "The need for SO3 control will only grow as selective catalytic reduction (SCR) systems for nitrogen oxide (NOx) control are deployed increasingly on large units burning higher sulfur coals. Our proprietary approach not only helps resolve this particular environmental issue, but also attacks performance-hindering problems that simultaneously arise within the furnace. Equally important, our objectives can be met in an environment of declining coal quality, where fuel flexibility, and the associated cost savings, are important considerations for plant operators."
Mr. Norris concluded, "We thank Santee Cooper for the resources dedicated to this study and for having embraced our TIFI technology with a previously announced three-year FUEL CHEM contract, commencing February 2007."
Regards,
frenchee
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