ClearSign Combustion Receives Order

Shares of ClearSign Combustion, a provider of industrial combustion technologies to reduce pollutant emissions, are nearly 17% higher after announcing late Thursday it obtained a purchase order to test its Duplex combustion technology as a precursor to an installation at a super major oil refinery.

The company said the oil company is funding the testing to determine Duplex’s suitability for a variety of refinery process heaters and conditions in a test expected to conclude later this year, adding that the customer has also indicated interest in standardizing the technology to existing heaters within the U.S. and abroad.

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