Fuel Tech Awarded $6.7 Million in New Orders; Includes NOxOUT ULTRA(R) Contract in China

Fuel Tech, Inc. (Nasdaq: FTEK), a world leader in advanced engineering solutions for the optimization of combustion systems in utility and industrial applications, today announced it was awarded numerous orders totaling $6.7 million. Principal among these was a NOxOUT ULTRA®contract in China, calling for the installation of multiple NOxOUT ULTRA systems in support of large coal-fired electric generating units to be retrofitted with selective catalytic reduction (SCR) systems for NOx control. The NOxOUT ULTRA systems will be installed during a multi-year period, beginning in 2008 and ending in 2011.

The Company also received an order for a domestic NOxOUT® Selective Non-Catalytic Reduction (SNCR) demonstration on an industrial incinerator as well as five mapping and modeling orders, one for a potential domestic utility NOxOUT SNCR system and four in support of potential domestic FUEL CHEM® programs, principally for large coal-fired boilers.

Fuel Tech’s NOxOUT ULTRA process provides for the safe and cost-effective on-site conversion of urea to ammonia for use as a reagent in the selective catalytic reduction of NOx, eliminating the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia.

John F. Norris Jr., President and Chief Executive Officer commented, “We are very pleased to announce this major NOxOUT ULTRA project, which builds upon our successful penetration of the Chinese market during 2007 and reaffirms the growing impetus for safe urea-to-ammonia conversion technology in densely populated regions.”

Mr. Norris continued, “There is growing recognition of the need for ongoing improvements in air quality in the Pacific Rim region, and as additional SCR systems are deployed on both a retrofit and new construction basis, we hope to build on our recent NOxOUT ULTRA successes in this fast-growing market.”

Mr. Norris concluded, “As regards prospective opportunities, we have a growing pipeline of domestic mapping and modeling orders, which typically convert to commercial contracts in the normal course of business.”

About Fuel Tech

Fuel Tech is 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, and advanced engineering services. These technologies enable customers to produce both energy and processed materials in a cost-effective and environmentally sustainable manner.

The Company’s nitrogen oxide (NOx) reduction technologies include the NOxOUT®, NOxOUT CASCADE®, NOxOUT ULTRA®, Rich Reagent Injection (RRI) and NOxOUT-SCR® processes. These technologies have established Fuel Tech as a leader in post-combustion NOx control systems, with installations on over 450 units worldwide, where coal, municipal waste, biomass, and other fuels are utilized.

The Company’s FUEL CHEM® technology revolves around the unique application of chemicals to improve the efficiency, reliability, fuel flexibility and environmental status of combustion units by controlling slagging, fouling, corrosion, opacity and acid plume, as well as the formation of sulfur trioxide, ammonium bisulfate, particulate matter (PM2.5), carbon dioxide and NOx. This technology, in the form of a customizable FUEL CHEM program, is being applied to over 90 combustion units burning a wide variety of fuels including coal, heavy oil, biomass, and municipal waste. A breakdown of the nature of these customer units is posted on the Company’s website.

Many of Fuel Tech’s products and services rely heavily on the Company’s exceptional Computational Fluid Dynamics modeling capabilities, which are enhanced by internally developed, high-end visualization software. These capabilities, coupled with the Company’s innovative technologies and multi-disciplined team approach, enable Fuel Tech to provide practical solutions to some of our customers’ most challenging problems. For more information, visit Fuel Tech’s web site at www.ftek.com.

This press release may contain statements of a forward-looking nature regarding future events. These statements are only predictions and actual events may differ materially. Please refer to documents that Fuel Tech files from time to time with the Securities and Exchange Commission for a discussion of certain factors that could cause actual results to differ materially from those contained in the forward-looking statements.

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