Fuel Tech Signs Development Agreement
April 7, 2008
The Associated Press is reporting that Fuel Tech Inc., a combustion technology and engineering services company, said recently it signed an agreement with Chem-Mod LLC to jointly market a program for reducing emissions of pollutants from coal-fired utility and industrial plants.
Chem-Mod, a privately owned environmental services company, is the developer of a low-cost technology that lowers emissions of sulfur dioxide, mercury and other heavy metals related to coal combustion.
Under the agreement, any profits would be shared equally between the two companies, Fuel Tech said.