B&W Awarded $15 Million Contract to Supply Environmental Equipment For Carbon Black Facility
By Business Wire News
Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) announced that its subsidiary, The Babcock & Wilcox Company, has been awarded a contract to supply emissions control equipment for a carbon black manufacturing facility in the United States.
B&W has been commissioned by its customer to perform approximately $3 million in engineering work for the first phase of the more than $15 million project. B&W’s full project scope includes the supply of a wet flue gas desulfurization (FGD) system, as well as the supply of the plant’s selective catalytic reduction (SCR) system, including catalyst and ammonia handling equipment. The equipment will be used to control sulfur dioxide, nitrogen oxides and particulate emissions.
The project is B&W’s first in the carbon black sector – a non-coal industrial market with several environmental opportunities in the coming years.
“B&W’s environmental compliance solutions can help our customers meet emissions regulations for virtually any industry, including carbon black manufacturing,” said B&W Global Power Division Sr. Vice President Paul Scavuzzo. “We appreciate the opportunity to help our customer achieve their environmental goals.”
The contract also calls for B&W to supply auxiliary equipment for the project. The environmental upgrade is scheduled for completion and start-up in early 2018.
Headquartered in Charlotte, N.C., Babcock & Wilcox is a global leader in energy and environmental technologies and services for the power and industrial markets. B&W companies employ approximately 6,000 people around the world. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com.
Cautionary Statement Regarding Forward Looking Statements
B&W cautions that this release contains forward-looking statements, including statements relating to the scope, timing and value, to the extent value may be viewed as an indicator of future revenues, of the carbon black contract.These forward-looking statements involve a number of risks and uncertainties, including, among other things, delays or other difficulties executing the carbon black contract and adverse modifications to the contract, including termination.If one or more of these or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, please see B&W’s filings with the Securities and Exchange Commission, including the information statement on Form 10 and subsequent reports on Form 10-Q. B&W cautions not to place undue reliance on these forward-looking statements, which speak only as of the date this release, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Babcock & Wilcox
Ryan Cornell, 330-860-1345
Leslie Kass, 704-625-4944
Vice President, Investor Relations and Communications