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Fuel Tech Inc's Business Segments
Fuel Tech Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q2 FY2026
Reportable Segments
2
Largest Segment
Fuelchem
Total Revenue
$ 6
Regions Reported
4
Revenue Share by Reportable Segment - Q2 FY2026
- Fuelchem57.1%
- Air Pollution Control42.9%
Revenue by Reportable Segment - Q2 FY2026
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Fuelchem | $ 4 | 57.1% |
| Air Pollution Control | $ 3 | 42.9% |
Revenue Share by Region - Q2 FY2026
- Europe4.7%
- Latin America2.9%
- Asia1.2%
- Africa0.2%
Revenue by Geographic Region - Q2 FY2026
| Region | Revenue (Millions) | % of Total |
|---|---|---|
| Europe | $ 0 | 4.7% |
| Latin America | $ 0 | 2.9% |
| Asia | $ 0 | 1.2% |
1 more regions available
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Revenue by Product & Service Category - Q2 FY2026
- Technology Solutions32%
- Spare Parts6.4%
- Ancillary Revenue4.5%
Revenue by Product & Service Category - Q2 FY2026
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Technology Solutions | $ 2 | 32% |
| Spare Parts | $ 0 | 6.4% |
| Ancillary Revenue | $ 0 | 4.5% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Fuel Tech Inc
We are a leading technology company engaged in the worldwide development, commercialization
and application of state-of-the-art proprietary technologies for air pollution
control, process optimization, combustion efficiency and advanced engineering
services. These technologies enable our customers to operate efficiently in a
cost-effective and environmentally sustainable manner. We operate as a fully integrated
company with a capital projects business to leverage our Air Pollution Control
(APC) technologies and a specialty chemicals business which builds upon our proprietary
FUEL CHEM® processes. Both segments rely heavily on our unique ability to
inject chemical slurries into combustion units, in precise concentrations and
locations, to achieve a desired outcome.
Fuel Tech Inc. Overview
Fuel Tech Inc. is a leading global technology company specializing in air pollution control and combustion optimization. The company provides a diverse range of products and services designed to enhance the efficiency, reliability, and environmental compliance of combustion units in various sectors, including utilities, industrial applications, and waste-to-energy facilities. Fuel Techs advanced technologies are critical in addressing the increasing global challenges related to air quality and environmental management.
Segments, Products, and Services
1. Air Pollution Control Technologies:
a. NOx Reduction Technologies:
Fuel Tech’s air pollution control products are specifically designed to combat nitrogen oxides (NOx), a significant contributor to air pollution. The company’s NOx reduction technologies have been implemented in over 1,000 combustion units globally, which include applications in utility, industrial, and municipal solid waste sectors. Their offerings include:
- NOx Control Systems: Customized systems equipped with the patented ULTRA™ technology that converts urea to ammonia on-site, providing a safer reagent for Selective Catalytic Reduction (SCR) systems.
- Low NOx Burners (LNB) and Ultra Low NOx Burners (ULNB): These burner systems are designed for coal, oil, and gas-fired industrial and utility units. Utilizing computational fluid dynamics (CFD) modeling for design validation, these burners achieve NOx reductions of 40%-60%, with potential for further reductions via Over-Fire Air (OFA) systems, resulting in overall reductions of 50%-70%.
b. Selective Non-Catalytic Reduction (SNCR) Systems:
The company’s NOxOUT® and HERT™ processes utilize non-hazardous urea, achieving NOx reductions of 25%-50% for utility applications and even higher for industrial plants, with capital costs ranging from $5 to $20/kW.
c. Combined Systems:
Fuel Tech’s Advanced Selective Catalytic Reduction (ASCR™) systems incorporate components from LNB, OFA, and SNCR, providing up to 90% NOx reduction at lower capital and operational costs compared to traditional SCR systems. Their NOxOUT CASCADE® and NOxOUT-SCR® processes are examples of these ASCR systems that target various combustion sources and achieve significant reductions while remaining economically viable.
d. ULTRA Technology:
Designed for the safe and economical conversion of urea to ammonia for SCR processes, the ULTRA™ technology plays a pivotal role, especially concerning safety concerns related to ammonia shipping and storage. Its implementation is particularly crucial in densely populated regions or locations near waterways.
e. SCR Processes and Services:
Fuel Tech offers comprehensive SCR solutions, including application analysis, performance testing, catalyst selection, and maintenance support. The company excels in optimization through experimental and computational modeling, thereby improving the effectiveness and lifespan of catalysts in SCR systems.
f. Electrostatic Precipitator (ESP) Technologies:
Fuel Tech provides Electrostatic Precipitator solutions that encompass inspection services, performance modeling, efficiency upgrades, and turnkey retrofits. Coupled with flue gas conditioning (FGC) systems, these technologies enhance particulate control and compliance with emission standards, with installations in over 125 units worldwide.
2. FUEL CHEM® Technology Segment:
Fuel Tech’s FUEL CHEM® segment focuses on the application of specialty chemicals designed to optimize combustion efficiency and reliability in various industries, including electric utilities, industrial operations, and waste-to-energy plants.
- Chemical Reagents: The introduction of chemical reagents, such as magnesium hydroxide, helps tackle issues like slagging, fouling, and corrosion in combustion units. This contributes to the reduction of harmful emissions, such as sulfur trioxide (SO3), particulate matter, and greenhouse gases.
- Market Dynamics and Applications: The FUEL CHEM® products target coal-fired power plants, particularly those using fuels with slagging constituents. With coal continuing to be a significant energy source worldwide (accounting for approximately 37% of U.S. and 80% of Chinese electricity generation), Fuel Tech’s solutions are vital in enhancing operational efficiency and regulatory compliance.
International Operations
Fuel Tech Inc. has established a strong international presence with operations in North America, Mexico, and Europe. The company has effectively addressed market demands for air pollution control technologies and combustion optimization across various regions. The growing global concerns regarding air quality and environmental sustainability have positioned Fuel Tech to explore markets such as Asia, particularly China and India, where coal remains a predominant energy source. The innovative SHARED technology and FUEL CHEM® programs are instrumental in supporting international clients seeking to meet stringent emission regulations while optimizing combustion performance. As global energy sectors evolve, Fuel Tech continues to adapt, exploring new market opportunities and advancing its technologies to ensure environmental compliance and operational efficiency worldwide.
In summary, Fuel Tech Inc. is a key player in addressing global air pollution challenges and advancing combustion technologies, reflecting ongoing efforts to improve performance and environmental stewardship across its diverse range of products and services.
Fuel Tech Inc. is a leading global technology company specializing in air pollution control and combustion optimization. The company provides a diverse range of products and services designed to enhance the efficiency, reliability, and environmental compliance of combustion units in various sectors, including utilities, industrial applications, and waste-to-energy facilities. Fuel Techs advanced technologies are critical in addressing the increasing global challenges related to air quality and environmental management.
Segments, Products, and Services
1. Air Pollution Control Technologies:
a. NOx Reduction Technologies:
Fuel Tech’s air pollution control products are specifically designed to combat nitrogen oxides (NOx), a significant contributor to air pollution. The company’s NOx reduction technologies have been implemented in over 1,000 combustion units globally, which include applications in utility, industrial, and municipal solid waste sectors. Their offerings include:
- NOx Control Systems: Customized systems equipped with the patented ULTRA™ technology that converts urea to ammonia on-site, providing a safer reagent for Selective Catalytic Reduction (SCR) systems.
- Low NOx Burners (LNB) and Ultra Low NOx Burners (ULNB): These burner systems are designed for coal, oil, and gas-fired industrial and utility units. Utilizing computational fluid dynamics (CFD) modeling for design validation, these burners achieve NOx reductions of 40%-60%, with potential for further reductions via Over-Fire Air (OFA) systems, resulting in overall reductions of 50%-70%.
b. Selective Non-Catalytic Reduction (SNCR) Systems:
The company’s NOxOUT® and HERT™ processes utilize non-hazardous urea, achieving NOx reductions of 25%-50% for utility applications and even higher for industrial plants, with capital costs ranging from $5 to $20/kW.
c. Combined Systems:
Fuel Tech’s Advanced Selective Catalytic Reduction (ASCR™) systems incorporate components from LNB, OFA, and SNCR, providing up to 90% NOx reduction at lower capital and operational costs compared to traditional SCR systems. Their NOxOUT CASCADE® and NOxOUT-SCR® processes are examples of these ASCR systems that target various combustion sources and achieve significant reductions while remaining economically viable.
d. ULTRA Technology:
Designed for the safe and economical conversion of urea to ammonia for SCR processes, the ULTRA™ technology plays a pivotal role, especially concerning safety concerns related to ammonia shipping and storage. Its implementation is particularly crucial in densely populated regions or locations near waterways.
e. SCR Processes and Services:
Fuel Tech offers comprehensive SCR solutions, including application analysis, performance testing, catalyst selection, and maintenance support. The company excels in optimization through experimental and computational modeling, thereby improving the effectiveness and lifespan of catalysts in SCR systems.
f. Electrostatic Precipitator (ESP) Technologies:
Fuel Tech provides Electrostatic Precipitator solutions that encompass inspection services, performance modeling, efficiency upgrades, and turnkey retrofits. Coupled with flue gas conditioning (FGC) systems, these technologies enhance particulate control and compliance with emission standards, with installations in over 125 units worldwide.
2. FUEL CHEM® Technology Segment:
Fuel Tech’s FUEL CHEM® segment focuses on the application of specialty chemicals designed to optimize combustion efficiency and reliability in various industries, including electric utilities, industrial operations, and waste-to-energy plants.
- Chemical Reagents: The introduction of chemical reagents, such as magnesium hydroxide, helps tackle issues like slagging, fouling, and corrosion in combustion units. This contributes to the reduction of harmful emissions, such as sulfur trioxide (SO3), particulate matter, and greenhouse gases.
- Market Dynamics and Applications: The FUEL CHEM® products target coal-fired power plants, particularly those using fuels with slagging constituents. With coal continuing to be a significant energy source worldwide (accounting for approximately 37% of U.S. and 80% of Chinese electricity generation), Fuel Tech’s solutions are vital in enhancing operational efficiency and regulatory compliance.
International Operations
Fuel Tech Inc. has established a strong international presence with operations in North America, Mexico, and Europe. The company has effectively addressed market demands for air pollution control technologies and combustion optimization across various regions. The growing global concerns regarding air quality and environmental sustainability have positioned Fuel Tech to explore markets such as Asia, particularly China and India, where coal remains a predominant energy source. The innovative SHARED technology and FUEL CHEM® programs are instrumental in supporting international clients seeking to meet stringent emission regulations while optimizing combustion performance. As global energy sectors evolve, Fuel Tech continues to adapt, exploring new market opportunities and advancing its technologies to ensure environmental compliance and operational efficiency worldwide.
In summary, Fuel Tech Inc. is a key player in addressing global air pollution challenges and advancing combustion technologies, reflecting ongoing efforts to improve performance and environmental stewardship across its diverse range of products and services.