Fuel Tech Awarded $2.1M Air Pollution Control Orders
Portfolio Pulse from Benzinga Newsdesk
Fuel Tech has secured $2.1M in air pollution control orders, including two from new European customers for SCR technology, and contracts from existing customers in the Caribbean and the US for FUEL CHEM equipment and SNCR system upgrades, respectively. Deliveries are scheduled between Q2 2024 and Q1 2025.
March 11, 2024 | 8:26 pm
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Fuel Tech has received significant orders for its air pollution control technologies, indicating a strong demand for its products and potential revenue growth.
The announcement of $2.1M in orders for Fuel Tech's air pollution control technologies from both new and existing customers highlights the company's competitive position in the market and the ongoing demand for its products. This is likely to have a positive impact on the company's revenue and profitability in the short term, especially as these orders are scheduled for delivery starting from the second quarter of 2024. The diversity of customers, including those in Europe, the Caribbean, and the US, and the application of both existing and new technologies (SCR, FUEL CHEM, and SNCR) underscore the company's broad market appeal and technological expertise.
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