Fuel Tech Acquires Air Pollution Control Firms
Fuel Tech has acquired two air pollution control technology companies, Cleveland Roll Forming Environmental Division and FGC Corporation, through stock purchase agreements for total cash consideration of $7.25 million and $1.0 million, respectively.
The transactions with both privately held companies (collectively, PECO-FGC) closed April 30.
PECO’s products and services include ESP inspection services, performance modeling, performance and efficiency upgrades, including high-voltage sectionalization and high frequency power equipment, electromagnetic impulse rappers, rapper shafts, purge air systems, hopper replacements, hopper heaters and level detectors. PECO has turnkey capability for ESP retrofits, and has installed more than 60 major rebuilds on units up to 700MW.
FGC specializes in products and services for flue gas conditioning systems, which include treatment using sulfur trioxide (SO3) and ammonia (NH3) based conditioning. These systems improve the performance of ESPs by modifying the properties of the fly ash particle. They represent a lower capital cost approach to improving ash particulate capture versus the alternative of installing larger ESPs or utilizing fabric filter technology to meet targeted opacity or particulate emission limits.
FGC designs and supplies systems using molten or dry sulfur, as well as ammonia based systems. Control system upgrades and plant control interface equipment are both available, along with complete turnkey capability. FGC also performs complete system audits and system and control upgrades for flue gas conditioning systems of other OEMs.
Since April 2008, Fuel Tech has held an exclusive license with FGC to sell flue gas conditioning systems incorporating its technology for utility applications in all geographies outside the US and Canada. As a result of this acquisition, Fuel Tech will now own the technology in lieu of future royalty payments.
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