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Fuel Tech Inc   (NASDAQ: FTEK)
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Fuel Tech Inc's Customers Performance

FTEK

 
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




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

Fuel Tech Inc's Business Units
Air Pollution Control    41.06 % of total Revenue
Air Pollution Control Technology Solutions    32.53 % of total Revenue
Air Pollution Control Spare Parts    5.4 % of total Revenue
Air Pollution Control Ancillary Revenue    3.13 % of total Revenue
FUEL CHEM    58.94 % of total Revenue
FUEL CHEM Technology Solutions    58.94 % of total Revenue
UNITED STATES    69.46 % of total Revenue
Latin America    2.65 % of total Revenue
Europe    19.44 % of total Revenue
Asia    8.46 % of total Revenue
Non-US    30.54 % of total Revenue
Transferred at Point in Time    67.47 % of total Revenue
Transferred over Time    32.53 % of total Revenue




   
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 Customers, Q4 2024 Revenue Growth By Industry
Customers in Conglomerates Industry      6.86 %
Customers in Auto & Truck Parts Industry      9.99 %
Customers in Coal Mining Industry -81.06 %   
Customers in Oil And Gas Production Industry -8.05 %   
Customers in Oil & Gas Integrated Operations Industry -4.5 %   
Customers in Real Estate Investment Trusts Industry      419.24 %
Customers in Natural Gas Utilities Industry      26.54 %
     
• Customers Valuation • Customers Mgmt. Effect.


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

Fuel Tech Expands Global Footprint with $7.6 Million in New Air Pollution Control 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 ...




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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