Fuel Tech, Inc. FTEK

Company Overview

Fuel Tech, Inc. is a technology company focused on emissions control, process optimization, and combustion efficiency solutions for industrial and utility customers. The company operates primarily in the air pollution control and boiler optimization industries, serving coal-fired power plants, industrial facilities, municipal waste combustors, cement kilns, steel mills, and other combustion-intensive operations. Fuel Tech’s core business activities center on reducing nitrogen oxide (NOx) emissions, improving fuel combustion efficiency, and supporting regulatory compliance for customers facing increasingly stringent environmental standards.

The company’s primary revenue drivers are its proprietary technologies and engineering services delivered through its Air Pollution Control (APC) and Fuel Chem business segments. The APC segment provides technologies such as selective non-catalytic reduction (SNCR) systems, advanced over-fire air systems, and engineered combustion optimization solutions. The Fuel Chem segment delivers chemical treatment programs designed to reduce slagging, fouling, corrosion, opacity, and particulate buildup in boilers and combustion systems. Fuel Tech was founded in 1987 and has evolved from a combustion optimization specialist into a diversified environmental technology provider with operations and customers across multiple international markets.