Fuel Tech signs marketing, supply deal with two firms
WARRENVILLE - Fuel Tech Inc. has entered into separate marketing and supply agreements with Redox Solutions and PowerPlus Cleaning Systems, making the company an exclusive reseller of emissions control solutions that address high-demand areas of mercury control along with boiler cleaning and efficiency.
Fuel Tech signed a five-year license agreement with Redox Technology Group, an Indiana-based specialty chemical manufacturer that produces chemicals used for mercury remediation in a variety of end markets. Redox Solutions has developed a patented approach for the production and use of a highly amorphous iron sulfide based product to enhance the total mercury removal capabilities of wet flue gas desulfurization scrubber systems installed on utility and industrial coal fired units.
Fuel Tech also signed a global distribution agreement with PowerPlus Cleaning Systems for its Impulse Cleaning Technology, which uses a supersonic combustion pulse to create a controlled shock wave that removes slag and deposits. The IMPULSE system enhances boiler operation while minimizing high maintenance expenses associated with traditional cleaning methods, such as sootblowing and water washing.
The distribution agreement will allow Fuel Tech to resell the Impulse Cleaning Technology to a specified customer base in the US on an exclusive basis, and for all customers outside the US operating in the power and industrial markets. The IMPULSE Cleaning Technology has gained international attention and was presented at a conference in India in 2016, which was hosted by NTPC, the state-owned utility in India.
"These agreements are consistent with our New Product Development initiatives, part of our overall strategy to evolve Fuel Tech's business model and operating strategy," said Vincent J. Arnone, Fuel Tech president and CEO. "These external teaming arrangements expand our portfolio of emissions control solutions, thus allowing us to bring impactful technologies to market while we continue to internally develop new solutions that meet the changing needs of our customers."