Fuel Tech receives $3.2 million in pollution control orders

WARRENVILLE, Ill. - Fuel Tech, Inc. (NASDAQ:FTEK) announced Tuesday it has secured air pollution control orders worth approximately $3.2 million from customers in the U.S., Europe, and Southeast Asia. The company’s stock, which has seen a remarkable 178% return over the past year according to InvestingPro data, continues to demonstrate strong market momentum despite recent volatility.

The company received an order from a repeat domestic customer for a Selective Catalytic Reduction (SCR) system and aqueous ammonia reagent delivery system for an industrial process plant in the Western U.S. This marks the sixth order from this customer over the past two decades, with equipment deliveries expected in the third quarter of 2026.

A European customer ordered an aqueous ammonia delivery and injection system for renewable energy facilities supporting green hydrogen production. The equipment will be used with SCR technology to reduce nitrogen oxide emissions, with deliveries scheduled for the third quarter of 2026.

Additionally, a new global refinery customer in Southeast Asia ordered an SCR system using anhydrous ammonia as reagent for a gas-fired industrial process unit. Deliveries for this project are expected to be completed in the fourth quarter of 2025.

"We remain focused on building our APC project backlog," said Vincent J. Arnone, President and Chief Executive Officer, in the press release statement.

Fuel Tech develops technologies for air pollution control, process optimization, and water treatment. The company has installed its nitrogen oxide reduction and particulate control technologies on over 1,300 utility, industrial and municipal units worldwide. With a market capitalization of $88.25 million and gross profit margins of 44.39%, the company maintains a solid foundation for future growth.

In other recent news, Fuel Tech Inc. reported its financial results for the second quarter of 2025. The company posted an earnings per share (EPS) of -$0.02, which was better than the forecasted -$0.03. However, Fuel Tech missed revenue expectations, reporting $5.6 million compared to the anticipated $6.09 million. These developments have been closely watched by investors and analysts alike. The company’s performance in this quarter highlights the challenges it faces in meeting revenue targets. Analysts from various firms continue to monitor the situation, providing insights into the company’s financial health. Investors are keen to see how Fuel Tech will navigate its financial landscape in the coming quarters.

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