Babcock & Wilcox Receives Significant Wet Gas Scrubbing Technology Order
Babcock & Wilcox (B&W) (NYSE: BW) has recently announced it has received an initial order totaling $10 million as part of a larger contract valued at approximately $40 million. This award is to supply advanced low-pressure Wet Gas Scrubbing (WGS) technology for a prominent petroleum refinery.
Strong Collaboration with Refinery Partners
Over the past several years, B&W has worked meticulously with the refinery to create a tailored solution that effectively addresses complex site layout challenges while meeting stringent sulfur dioxide (SO?) emission regulations.
Expertise in Environmental Solutions
Justin Chenevey, Vice President at B&W, highlighted the company's extensive experience in refinery and petrochemical sectors. He emphasized the competitive edge provided by their exclusive access to advanced WGS technology, which enables B&W to design customized, economical solutions for even the most intricate applications.
ExxonMobil's Proven WGS Technology
B&W is a licensee of ExxonMobil's WGS technology, which has already demonstrated its effectiveness in more than 30 refinery applications across the globe. This technology empowers refiners to meet exacting regulations for fluid catalytic cracking and fluid coker emissions while allowing further enhancements to address restrictions on nitrogen oxides (NO?) and particulate emissions.
About Babcock & Wilcox
Headquartered in Akron, Ohio, B&W stands at the forefront of energy and environmental technologies and services, delivering innovative solutions for the power and industrial sectors. B&W continually adapts to meet the evolving needs of its clientele worldwide.
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Stay updated with B&W by following them on social platforms and visit their official website for more detailed information. The company's commitment to sustainability and advanced environmental solutions underscores their pivotal role in modern industrial practices.
Frequently Asked Questions
What is the significance of the recent order received by Babcock & Wilcox?
The order signifies B&W's growing influence in providing advanced emission control technologies, particularly in the petroleum refining sector, with a total contract value of about $40 million.
How does the Wet Gas Scrubbing technology work?
Wet Gas Scrubbing technology helps refiners control sulfur dioxide emissions effectively by removing SO? from their exhaust streams, thus allowing compliance with environmental regulations.
Who is Babcock & Wilcox collaborating with for this project?
B&W has been working closely with the refinery partners to develop tailored solutions that match site-specific requirements and emissions criteria.
Where is Babcock & Wilcox headquartered?
B&W is headquartered in Akron, Ohio, and focuses on providing innovative energy and environmental technologies across the globe.
How can I contact Babcock & Wilcox?
For investor inquiries, reach out to B&W's Investor Relations at 704.625.4944 or via email at investors@babcock.com.