Fuel Tech Inc (NASDAQ: FTEK) |
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Fuel Tech Inc's Customers Performance
FTEK
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FTEK's Source of Revenues |
In the Q4, Fuel Tech Inc 's corporate clients experienced a reduction by -5.98 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -3.31 %. During the corresponding time, Fuel Tech Inc revenue deteriorated by -16.74 % year on year, sequentially revenue fell by -32.71 %. While revenue at the Fuel Tech Inc 's corporate clients fell by -4.53 % year on year, sequentially revenue fell by -2.92 %.
• List of FTEK Customers
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Customers of Fuel Tech Inc saw their costs of revenue decrease by -5.98 % in Q4 compare to a year ago, sequentially costs of revenue were trimmed by -3.31 %, for the same period Fuel Tech Inc revnue deteriorated by -16.74 % year on year, sequentially revenue fell by -32.71 %.
• List of FTEK Customers
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Air Pollution Control |
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41.06 % |
of total Revenue |
Air Pollution Control Technology Solutions |
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32.53 % |
of total Revenue |
Air Pollution Control Spare Parts |
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5.4 % |
of total Revenue |
Air Pollution Control Ancillary Revenue |
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3.13 % |
of total Revenue |
FUEL CHEM |
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58.94 % |
of total Revenue |
FUEL CHEM Technology Solutions |
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58.94 % |
of total Revenue |
UNITED STATES |
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69.46 % |
of total Revenue |
Latin America |
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2.65 % |
of total Revenue |
Europe |
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19.44 % |
of total Revenue |
Asia |
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8.46 % |
of total Revenue |
Non-US |
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30.54 % |
of total Revenue |
Transferred at Point in Time |
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67.47 % |
of total Revenue |
Transferred over Time |
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32.53 % |
of total Revenue |
Select the Relationship:
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Select the Category:
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Customers Net Income fell in Q4 by |
Customers Net margin fell to % |
-40.2 % |
2.44 % |
Customers Net Income fell in Q4 by -40.2 % |
Customers Net margin fell to 2.44 % 2.44 % |
Fuel Tech Inc's Comment on Sales, Marketing and Customers
The use of ammonia as the reagent for the SNCR process can reduce NOx by 30%
- 70% on incinerators, but has limited applicability in the utility industry.
Ammonia system capital costs range from $5 - $20/kW, with annualized operating
costs ranging from $1,000 - $3,000/ton of NOx removed. These systems require
the use of either anhydrous or aqueous ammonia, both of which are hazardous
substances.
The principal markets for this product line are electric power plants burning
coals with slag-forming constituents such as sodium, iron and high levels of
sulfur. Sodium is typically found in the Powder River Basin coals of Wyoming
and Montana. Iron is typically found in coals produced in the Illinois Basin
region. High sulfur content is typical of Illinois Basin coals and certain Appalachian
coals. High sulfur content can give rise to unacceptable levels of SO3 formation
especially in plants with SCR systems and flue gas desulphurization units (scrubbers).
The combination of slagging coals and SO3-related issues, such as “blue
plume” formation, air pre-heater fouling and corrosion, SCR fouling and
the proclivity to suppress certain mercury removal processes, represents an
attractive market potential for Fuel Tech.
A potentially large fuel treatment market exists in Mexico, where high-sulfur,
low-grade fuel oil containing vanadium and nickel is a major source for electricity
production and refinery steam production. The presence of these metallic constituents
and high sulfur promotes slag build-up and high and low temperature corrosion
of combustion units, and releases acid gas emissions from the stack. We have
successfully treated such units with our TIFI and in-fuel technologies. To capitalize
on this market opportunity, we have a license implementation agreement that
expires in 2015 with options for renewal with a Mexican company to implement
our TIFI program for utility and industrial end user customers in Mexico. Since
2011, our TIFI program has been in continuous use on three boilers located at
a power plant in Mexico (110 MW generating capacity). In addition, we have installed
TIFI equipment on three boilers at a separate power plant (610 MW) in connection
with the implementation agreement.
News about Fuel Tech Inc Contracts |
In a strategic move underscoring its commitment to sustainable technology, Fuel Tech, Inc. (NASDAQ: FTEK), based in Warrenville, Illinois, has recently been awarded a pair of significant air pollution control (APC) contracts with a combined value of approximately $7.6 million. This remarkable achievement not only highlights the company?s growth trajectory but also reflects a burgeoning demand for innovative solutions in emissions control and water treatment across diverse sectors.The most recent award, valued at $5.0 million, marks a pivotal moment for Fuel Tech as it ventures into the renewable energy sector. This contract encompasses APC systems for both new and existing customers in Europe and the United ...
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Fuel Tech Inc's Comment on Sales, Marketing and Customers
The use of ammonia as the reagent for the SNCR process can reduce NOx by 30%
- 70% on incinerators, but has limited applicability in the utility industry.
Ammonia system capital costs range from $5 - $20/kW, with annualized operating
costs ranging from $1,000 - $3,000/ton of NOx removed. These systems require
the use of either anhydrous or aqueous ammonia, both of which are hazardous
substances.
The principal markets for this product line are electric power plants burning
coals with slag-forming constituents such as sodium, iron and high levels of
sulfur. Sodium is typically found in the Powder River Basin coals of Wyoming
and Montana. Iron is typically found in coals produced in the Illinois Basin
region. High sulfur content is typical of Illinois Basin coals and certain Appalachian
coals. High sulfur content can give rise to unacceptable levels of SO3 formation
especially in plants with SCR systems and flue gas desulphurization units (scrubbers).
The combination of slagging coals and SO3-related issues, such as “blue
plume” formation, air pre-heater fouling and corrosion, SCR fouling and
the proclivity to suppress certain mercury removal processes, represents an
attractive market potential for Fuel Tech.
A potentially large fuel treatment market exists in Mexico, where high-sulfur,
low-grade fuel oil containing vanadium and nickel is a major source for electricity
production and refinery steam production. The presence of these metallic constituents
and high sulfur promotes slag build-up and high and low temperature corrosion
of combustion units, and releases acid gas emissions from the stack. We have
successfully treated such units with our TIFI and in-fuel technologies. To capitalize
on this market opportunity, we have a license implementation agreement that
expires in 2015 with options for renewal with a Mexican company to implement
our TIFI program for utility and industrial end user customers in Mexico. Since
2011, our TIFI program has been in continuous use on three boilers located at
a power plant in Mexico (110 MW generating capacity). In addition, we have installed
TIFI equipment on three boilers at a separate power plant (610 MW) in connection
with the implementation agreement.
FTEK's vs. Customers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
Fuel Tech Inc |
31.25 |
25.13 |
-1.94 |
- |
Antero Midstream Corporation |
7,786.00 |
1,106.19 |
400.89 |
1 |
Blue Dolphin Energy Co |
30.97 |
317.52 |
-8.64 |
10 |
Bp Plc |
471,991.86 |
213,032.00 |
15,880.00 |
79,400 |
Peabody Energy Corp |
1,748.72 |
4,236.70 |
403.50 |
5,600 |
Cnx Resources Corporation |
5,806.21 |
1,261.21 |
-142.08 |
470 |
Conocophillips |
102,263.19 |
54,745.00 |
9,245.00 |
9,900 |
Cvr Energy Inc |
1,774.83 |
7,866.00 |
103.00 |
1,566 |
Chevron Corp |
246,436.36 |
202,792.00 |
17,749.00 |
29,138 |
Delek Us Holdings Inc |
837.27 |
20,245.80 |
290.50 |
3,591 |
Devon Energy Corp |
17,897.57 |
15,940.00 |
2,942.00 |
1,900 |
Empire Petroleum Corporation |
178.78 |
43.65 |
-16.20 |
262 |
Genesis Energy Lp |
1,592.21 |
2,966.22 |
-33.01 |
2,075 |
Gaming And Leisure Properties inc |
13,035.08 |
3,058.09 |
807.65 |
940 |
Hess Corporation |
39,623.22 |
12,896.00 |
3,152.00 |
1,756 |
Honeywell International Inc |
130,049.11 |
38,498.00 |
5,740.00 |
95,000 |
Icahn Enterprises l p |
3,808.04 |
9,742.00 |
-143.00 |
15,000 |
Imperial Oil Limited |
33,195.81 |
39,473.51 |
3,669.14 |
5,300 |
Centrus Energy Corp |
1,056.59 |
392.60 |
75.80 |
620 |
Marathon Petroleum Corporation |
42,184.16 |
138,864.00 |
5,067.00 |
18,200 |
Marathon Oil Corporation |
16,102.20 |
6,740.00 |
1,330.00 |
1,600 |
Murphy Oil Corporation |
3,147.28 |
3,028.47 |
486.49 |
750 |
Oneok Inc |
48,450.10 |
21,698.00 |
3,112.00 |
4,775 |
Occidental Petroleum Corporation |
36,697.37 |
26,725.00 |
3,078.00 |
11,000 |
Pbf Energy Inc |
1,788.23 |
33,115.30 |
-540.20 |
3,776 |
Pdc Energy Inc |
6,524.40 |
4,220.27 |
1,850.54 |
500 |
Phillips 66 |
41,313.32 |
143,153.00 |
2,175.00 |
14,000 |
Riley Exploration Permian Inc |
509.44 |
407.32 |
115.99 |
90 |
Sunoco Lp |
7,723.75 |
22,693.00 |
874.00 |
3,298 |
Southwestern Energy Company |
7,840.46 |
5,635.00 |
-2,756.00 |
2,323 |
Unrivaled Brands Inc |
7.25 |
29.11 |
-0.83 |
225 |
Valero Energy Corp |
35,738.81 |
129,881.00 |
3,006.00 |
9,908 |
Vital Energy inc |
503.04 |
1,952.31 |
-173.52 |
326 |
Exxon Mobil Corporation |
443,081.02 |
349,585.00 |
35,063.00 |
62,000 |
SUBTOTAL |
1,770,722.67 |
1,516,339.27 |
112,803.04 |
385,300 |
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