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Fuel Tech history
Fuel Tech company history timeline
In 1987, the company incorporated as Fuel-Tech N.V. under the laws of the Netherlands Antilles.
In 1988, the company's $12 million in sales were generated primarily through other product lines, which included fuel additives, fuel treatment products, and industrial burners.
By the end of 1988, Fuel Tech had 15 field demonstration sites worldwide and its first orders for paid installations of NOxOUT systems from a California petroleum refinery and a West German utility power plant.
Mastandrea, John, "Fuel Tech Poised to Clean Up with NOx Reduction Process," Fairfield County Business Journal, January 23, 1989.
"Fuel-Tech's 'NOxOUT'—An Easy, and Ignored, Way for Industry to Reduce Air Pollution," Economist, December 23, 1989.
In March 1992, NFT introduced NOxOUT Plus, which the company claimed reduced nitrogen oxide emissions by 80 percent from any incinerator, boiler, or heater that burned coal, oil, or waste.
In September 1993, Fuel-Tech N.V. began trading on the NASDAQ under the symbol FTEKF, and in November announced that it had raised $6.25 million to support NFT through a private sale of 625,000 shares of its common stock to a group of British investors.
March brought news that 1995, with just over $23 million in total sales, was the first year that NFT was profitable.
"Ammonia Droplets Improves Efficiency Waste Treatment," Technology News, February 1, 1996.
New contracts awarded to NFT by customers outside the United States in 1997 included orders from the United Kingdom, Italy, Germany, Slovakia, Korea, and Taiwan.
Acquisition transactions were officially completed in May 1998 and Fuel Tech N.V. changed from a holding company to an operating company doing business through its subsidiary, Fuel Tech, Inc.
In June, Norris was also named president and CEO of Fuel-Tech N.V., replacing Ralph E. Bailey, CEO since 1998 and holder of 23 percent of Fuel Tech's shares.
"Technology: Fuel-Tech Kick-Starts Project to Improve Coal-Fired Boilers," Coal Week, May 7, 2001.
The SIP Call mandated reduced levels by May 2004.
In September 2005, Fuel Tech landed a major NOxOUT contract, worth $9.3 million, in the People's Republic of China, and in November announced another $6 million Chinese contract.
"Fuel Tech, Inc. ." International Directory of Company Histories, Volume 85. . Retrieved April 15, 2021 from Encyclopedia.com: https://www.encyclopedia.com/reference/dictionaries-thesauruses-pictures-and-press-releases/fuel-tech-inc
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Zippia gives an in-depth look into the details of Fuel Tech, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Fuel Tech. The employee data is based on information from people who have self-reported their past or current employments at Fuel Tech. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Fuel Tech. The data presented on this page does not represent the view of Fuel Tech and its employees or that of Zippia.
Fuel Tech may also be known as or be related to FUEL TECH INC., Fuel Tech, Fuel Tech Inc and Fuel Tech, Inc.