Fuel-Tech N.V. Announces NOxOUT Contracts Totaling $2 Million and a FUEL CHEM Demonstration at Another Major Utility.

Business Editors/High-Tech Writers

STAMFORD, Conn.--(BUSINESS WIRE)--Feb. 9, 2004

Fuel-Tech N.V., (Nasdaq: FTEK)

In Addition, Western Farmers' Signs a Three-Year

FUEL CHEM(R) Contract

Company's Share Repurchase Program is Completed

Fuel-Tech N.V., (Nasdaq: FTEK), a world leader in providing advanced engineering solutions for the optimization of combustion systems and production facilities for utility and industrial customers, today announced multiple orders for air pollution control projects totaling $2 million. The orders are as follows: a NOxOUT(R) system for a 550 megawatt {MW(e)} utility boiler in the eastern U.S., an order for process engineering and licensing of a NOxOUT system for another utility boiler in the eastern U.S., and a NOxOUT system for a new industrial boiler being built in the Southeast.

In addition, the Company received a FUEL CHEM(R) modeling and design engineering order for a demonstration of the Targeted-In-Furnace-Injection (TIFI) process on a very large, coal-fired utility boiler owned by a major utility, as well as announcing a three year contract for the TIFI process at Western Farmers' HUGO Station, a 475 MW(e) coal-fired unit in Oklahoma.

Steven C. Argabright, President and Chief Operating Officer, commented, "We are extremely pleased with these announcements as this demonstrates our continued penetration both in the air pollution control and FUEL CHEM businesses. The FUEL CHEM demonstration is very important as it will take place at a large utility we have identified as one of our high priority prospects, due to the leadership position this utility enjoys, and the opportunity to provide our TIFI technology to additional units within the utility. This is the second demonstration we have announced this quarter at a key utility, and we are optimistic that we will have a third by the end of the first quarter."

Mr. Argabright continued, "We are also pleased that Western Farmers' has signed a three-year FUEL CHEM contract for our TIFI application. This application, which started in May 2003, has allowed HUGO Station to reduce the amount of time the plant is off-line, keep power costs down, and minimize potential damage to the boiler from slag accumulation, thereby providing a significant return on their investment. As we have said before, we remain extremely excited about the growth potential in this business and expect additional orders for demonstrations in the near future."

Mr. Argabright continued, "In addition, we have completed our share repurchase program which was announced on December 23, 2003. On December 30, 2003, we repurchased 274,000 shares for a total cost of $940,000. Given our financial strength, the growth opportunities available to the Company, and the valuation of our stock at the time, we believe this was an attractive investment."

About Fuel-Tech N.V.

Fuel-Tech N.V. 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. The Company's NOx reduction processes, which include the NOxOUT(R), NOxOUT CASCADE(R), NOxOUT ULTRA(R), Rich Reagent Injection (RRI) and NOxOUT SCR(R) technologies, have established Fuel-Tech N.V. as a leader in post-combustion NOx control systems, which are installed on over 300 units worldwide.

New technologies that have grown out of the core NOx reduction business form the basis of the FUEL CHEM(R) and ACUITIV(TM) businesses. FUEL CHEM technology centers around the unique application of chemicals to improve the performance of combustion units while the Company's ACUITIV business includes high-end visualization software that was developed as part of Fuel Tech's sophisticated Computational Fluid Dynamics (CFD) modeling techniques utilized to predict the behavior of industrial processes. The Company's FUEL CHEM products are being applied to over 80 combustion units burning a variety of fuels. For more information, visit Fuel-Tech N.V.'s web site at www.fueltechnv.com.

This press release contains 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.