Peter Hajewski

General Capabilities

March 2017

FUEL TECH, INC.

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Fuel Tech is an integrated technology company providing advanced engineering solutions to enable clean efficient energy

Milan, Italy

Stamford, CT

Beijing, China Warrenville, IL

Durham, NCWestlake, OH

GLOBAL PRESENCE

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OFFICE LOCATIONS:Warrenville, IL | Stamford, CT | Durham, NC | Westlake, OH | Milan, Italy | Beijing, China | Santiago, Chile

COUNTRIES WHERE FUEL TECH DOES BUSINESS:USA, Belgium, Canada, Chile, China, Colombia, Czech Republic, Denmark, Dominican Republic, Ecuador, France, Germany, India, Italy, Jamaica, Mexico, Poland, Portugal, Puerto Rico, Romania, South Korea, Spain, Taiwan, Turkey, United Kingdom, Venezuela

• Fuel Tech is a worldwide leader in the development and commercialization

of advanced technologies designed to enable more efficient and

environmentally acceptable combustion of a wide range of solid and liquid

fuels, primarily in boilers and furnaces.

• With a strong tradition of customer focus and proprietary, cost-effective

engineering solutions, Fuel Tech is experiencing accelerated growth as it

benefits from ever-tightening global air pollution control requirements, as

well as, market-driven shifts to lowered costs, and often more problematic

fuel sources, which demand innovative combustion optimization solutions

by utility and power generators.

• As of April 30, 2014 Fuel Tech, Inc. acquired PECO-FGC. This allows us

to now expand our offering to include particulate control solutions. With

over 20 years of experience in the power industry, the synergy between

Fuel Tech and PECO-FGC is substantial to offer additional multi-pollutant

emissions control solutions.

ABOUT US

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2009 and Earlier 2001 -2009 2010 - 2014

COMPANY HISTORY

2006: Fuel Tech becomes U.S. Legal Entity

1993: Fuel Tech on NASDAQ Exchange

1981: Fuel Tech is Incorporated

2013: 200 Employees1990: Fuel Tech enters joint venture with

Nalco Chemical

2007: Fuel Tech Environmental Technologies Co., LTD is created

(Beijing, China)

2010: 173 Employees

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1996: Fuel Tech opens office in Italy

1986: Fuel Tech acquires core SNCR patents

2005: 105 Employees

2001: 73 Employees

2008: Fuel Tech acquires Flow Tack, LLC and Tackticks, LLC

Technologies

2009: Fuel Tech acquires Advanced Combustion Technologies (ACT)

2012: Fuel Tech SPAC (Chile)

2014: Fuel Tech acquires PECO-FGC

1987: Fuel Tech N.V. Parent Holding Company Formed

1998: American Bailey Corporation buyout of

Nalco interest

VISION & MISSION

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Vision: A cleaner, more energy-efficient, sustainable environment to benefit the world’s

present and future generations.

Mission: We provide our customers innovative solutions to produce clean, efficient energy by applying advanced

technologies through engineering excellence and our knowledge of complex combustion processes.

We create long-term value for our employees and our stockholders, and for the communities in which we do business,

through our continued pursuit of innovation and growth.

OUR APPROACH

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CONSULTATIVE

Every customer we work with has their own unique system, process for project management,

and goals that they’re looking to achieve; therefore every system we sell is guaranteed and custom-designed to match, individual customer’s

requirements.

TURNKEY

Beyond a customer’s unique system requirements for every project, we also recognize being able to offer full project management from start to finish

offers tremendous benefits and reassurance.

BUSINESS SEGMENTS

Chemical Technologies• TIFI® Targeted In-Furnace

Injection™ technology

• Boiler efficiency, slag and

corrosion reduction, SO3

abatement

• Focus is on clean, efficient

energy and fuel flexibility

Air Pollution Control (APC)• NOx and Particulate Control

solutions to to meet current and

upcoming regulatory mandates

• Over 900 systems installed

worldwide

• Capital project sale, typically

fixed price and often turn-key

• Performance-guarantee all

work44% gross margin

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1990’s 2000’s 2010’s

TECHNOLOGY HISTORY

2001: First Generation ULTRA® System

Delivered

2010: First NOxOUT/HERT combined SNCR

2009: Combustion Product Expansion

1994: First Slag Control / Fuel Chem Demonstration; Joint

FTI/Argonne National Laboratory Project on CFD Virtual Reality Visualization

2008: Third Generation ULTRA® System Delivered; FTI Virtual Vantage

Visualization Theater Built

2008: Flue Gas Conditioning

Introduced; First Burner-less ULTRA®

System Delivered

2004: Second Generation ULTRA® System Delivered

2013: Fourth Generation ULTRA® System Delivered; First Advanced SNCR demonstration

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RECENT HISTORY

2010: ASCR™ System sold in Taiwan

2009: Three TIFI® Operational Programs at

Power Plant in Mexico

2007: FUEL CHEM® $30M in Revenue

2014: >900 Commercial APC Systems worldwide

2006: TIFI® Installation Santee Cooper Cross

Station

2011: SCR System sold for 100MW

biomass-fired unit

2013: Chemical Laboratory Capability Expanded

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2009: First TIFI-XP™ Commercial Program for

High-Slagging Fuel

2007: AES Greenidge ASCR™ System Installed

2010: Low NOx Burner / Over-Fire Air Turnkey System Operational in

Chile

2010: 50 ULTRA™ Systems installed worldwide

2012: >700 Commercial APC

Systems Worldwide

2012: 500 SNCR, 100 LNB/OFA, 30

SCR, 50 ULTRA systems installed

2013: Dual FGC systems operating

in China

2014: First XCAM™ System Sold

2006-2009 2010-2012 2013-2014

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TYPICAL POWER PLANT

> TIFI® Targeted In-Furnace Injection™: Chemical injection programs used to target slag control, SO3

mitigation, and fuel flexibility

> ESP: Electrostatic precipitator for PM control

> Wet FGD: Scrubber to maximize SO2 removal using Flue Gas De-Sulfurization (FGD)

> Dry FGD: Scrubber to remove SO2 with less water than Wet FGD

> ASCR™: Advanced SCR: Combines LNB, OFA, SNCR, AIG, GSG™ + Catalyst

> AIG: Ammonia Injection Grid

> GSG™: Graduated Straightening Grid

> HERT™: High Energy Reagent Technology™

> LNB: Low NOx Burners

> NOxOUT®: SNCR system using high momentum injectors

> OFA: Over-Fire Air

> ULTRA™: Safe Ammonia Generation System

> SCR: Selective Catalytic Reduction

> SNCR: Selective Non-Catalytic Reduction

> SCR Services: Services which include: optimizing process design, catalyst selection, and improving the overall performance of SCR

> Static Mixer: Equipment used to mix temperature, velocity, and NOx to optimize SCR performance ahead of the AIG

Fuel Tech Technologies

3-D VISUALIZATION

Proprietary Software with Strong IP Protection; Patented Technology

o Determines chemical injection

location and quantity (i.e., the

right amount at the right place

within the right temperature

zone)

Computational Fluid Dynamics (CFD) Model

o Customized for each boiler

o Predicts particle path

Chemical Kinetics Code

o Predicts chemical reactions along

a specific particle path

Cold Flow Modeling

o Highly accurate physical models

that replicate gas flows, injection

patterns, etc.

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Air Pollution Control

Wide range of NOX control technologies allow for custom system configurations

specific to customer’s needs

NOX CONTROL TECHNOLOGIES

Multiple technology options which can be

combined as a cost effective means for NOX

reduction. Systems are backed by CFD and

physical modeling providing performance

guarantees.

Technologies Include:

• I-NOx™ Integrated NOx Reduction

targets 80%+ reduction

• NOxOUT® and HERT™ SNCR targets

20-50% reduction

• Low NOx burners and Over-Fire Air

systems target 40-70% reduction

• SCR Management Services

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Patented, state-of-the-art proprietary technologies for multi-pollutant control

APC HISTORY: EUROPEAN PROJECTS

• 25+ years of experience

• 60+ boilers successfully treatedo Utility boilers up to 660 MW

o Waste Incineration projects : SNCR and SCR

o Urea and ammonia applications

• Custom solutionso Greenfield applications

o Retrofit

o Demonstrations

NEW TECHNOLOGIES: ULTRA™ & XCAM™ SYSTEMS

Urea-based systems which offer a safe and cost

effective alternative to ammonia for SCR and FGC

applications.

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ULTRA™ Systems: On-site ammonia generation

Accurate ammonia monitoring systems that

combine the best of extractive and TDL

measurement for SNCR and SCR systems.

XCAM™ Extractive Ammonia Monitoring Systems

• Turnkey Retrofits & Rebuilds

• Project Specification Development

• Engineering Studies

• Performance Modeling

• Project Management

• Construction Services

• Retrofits to meet Utility MATS and Boiler

MACT regulations

ELECTROSTATIC PRECIPITATORS (ESP)

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ESP Upgrades

• Plate Replacement

• Retrofit Wires with Rigid

Discharge Electrodes

• Improved Power and

Sectionalization of HV Systems

• Improved Rapping Systems

• Hot to Cold Conversion Design

• Improved Flow Distribution

• Performance Guarantees

Our expert engineering staff has accumulated an extensive background in precipitator modifications and retrofits.

TYPICAL ESP UPGRADES & RETROFITS

ESP Retrofits

• Components custom designed to

fit each application

• Custom components are installed

in all OEM designs

• Typical retrofit includes wide plate

spacing w/ assembled panel

plates and RDEs

• Retrofits successfully performed

on hot and cold side ESPs

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• SO3 & NH3 Systems

• SO3 & NH3 Upgrades

• Performance Modeling

• System Engineering

• System Fabrication

• Project Management

FLUE GAS CONDITIONING (FGC)

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• Pioneered the Containerized Design for SO3 and

NH3 Systems

• Improved molten sulfur metering pump design

• State-of-the-Art PLC-based Controls

• Offers Molten and Dry sulfur based SO3 Systems

• Developed retrofits/upgrades for competitor’s

systems for W.E.T. dry sulfur metering equipment

to improve reliability

FGC TECHNOLOGY

SO3 Enclosure

Dry Sulfur Feed Retrofit

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Thank you