Babcock & Wilcox Growth Continues in Middle East & Africa with $18 Million Environmental Upgrade Contract for Power Plant
02 Agosto 2022 - 07:30AM
Business Wire
Babcock & Wilcox (B&W) (NYSE: BW) announced today its
B&W Environmental business segment has been awarded a contract
for approximately $18 million to provide advanced environmental
equipment to reduce emissions for a power plant in Africa.
B&W Environmental will design, engineer and provide
manufacturing support to upgrade 24 electrostatic precipitators
(ESPs), which will be used to significantly reduce particulate
emissions. B&W Environmental will also provide technical
support during construction and commissioning.
“B&W is growing its business significantly in the Middle
East and Africa region,” said B&W Executive Vice President and
Chief Operating Officer Jimmy Morgan. “We are working closely with
utilities and industrial customers across these areas to upgrade
and improve their power generation and environmental equipment to
help them produce cleaner, more efficient energy.”
“The transition to clean energy is picking up pace worldwide,
and B&W – with a full suite of environmental, decarbonization,
renewable and power generation technologies – is well-positioned to
lead this transition,” Morgan said.
B&W Environmental has extensive experience with both dry and
wet ESP technologies, and has installations in a wide range of
applications, including power generation, waste-to-energy, cement
production, chemical manufacturing, oil & gas, pulp &
paper, steel manufacturing and more.
About Babcock & Wilcox
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises
is a leader in energy and environmental products and services for
power and industrial markets worldwide. Follow us on LinkedIn and
learn more at babcock.com.
About B&W Environmental
Babcock & Wilcox Environmental offers a full suite of
best-in-class emissions control products and solutions for utility
and industrial steam generation applications around the world. The
segment’s broad experience includes systems for ash handling,
particulate control, nitrogen oxides and sulfur dioxides removal,
chemical looping for carbon control, and mercury control, along
with cooling solutions.
Forward-Looking Statements
B&W cautions that this release contains forward-looking
statements, including, without limitation, statements relating to
the awarding of a contract to upgrade electrostatic precipitators
for a power plant in Africa and relating to the growth of its
business in the Middle East and Africa region. These
forward-looking statements are based on management’s current
expectations and involve a number of risks and uncertainties. For a
more complete discussion of these risk factors, see our filings
with the Securities and Exchange Commission, including our most
recent annual report on Form 10-K. If one or more of these risks or
other risks materialize, actual results may vary materially from
those expressed. We caution readers not to place undue reliance on
these forward-looking statements, which speak only as of the date
of this release, and we undertake no obligation to update or revise
any forward-looking statement, except to the extent required by
applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220802005351/en/
Investor Contact: B&W Investor Relations Babcock
& Wilcox 704.625.4944 investors@babcock.com
Media Contact: Ryan Cornell Public Relations Babcock
& Wilcox 330.860.1345 rscornell@babcock.com
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