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Babcock & Wilcox Awarded $40 Million Contract for Advanced Wet Gas Scrubbing Technology at Canadian Petroleum Refinery

Financial Post
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Babcock & Wilcox Awarded $40 Million Contract for Advanced Wet Gas Scrubbing Technology at Canadian Petroleum Refinery

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This section is Partnership Content suppliedThe content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Business Wire Article contentAKRON, Ohio — Babcock & Wilcox (B&W) (NYSE: BW) announced today that it has been awarded a $40 million contract to supply advanced low-pressure Wet Gas Scrubbing (WGS) technology for installation at a major petroleum refinery in Canada. This award represents an additional $30 million commitment from the customer, following an initial $10 million order announced in September.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentThe project is a significant milestone for B&W, as it continues growing its business of providing advanced environmental solutions for the North American refining industry. B&W’s proven WGS solution controls sulfur dioxide (SO₂) emissions from fluid catalytic cracking and fluid coker units, helping refiners meet stringent environmental regulations. The technology can also be enhanced to address nitrogen oxides (NOₓ) and particulate emissions, providing a comprehensive approach to emissions compliance.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentB&W is a licensee of ExxonMobil’s WGS technology, which has been successfully deployed in dozens of refinery applications around the world. The company’s WGS systems offer several advantages, including high SO₂ removal efficiency with low-pressure operation for reduced energy consumption, customizable designs to accommodate challenging site layouts and integration with NOₓ and particulate control technologies for comprehensive compliance.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article content“This contract underscores the confidence our customers have in B&W’s ability to deliver complex environmental solutions on time and on budget,” said Justin Chenevey, Vice President, Environmental and ClimateBright, B&W. “Our wet gas scrubbing technology combines ExxonMobil’s proven process with B&W’s engineering expertise and procurement to provide exceptional reliability, efficiency, and flexibility for refineries facing increasingly strict emissions standards.”Article contentAbout B&WArticle contentHeadquartered in Akron, Ohio, B&W is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow B&W on Article contentLinkedInArticle content and learn more at Article contentwww.babcock.comArticle content.Article contentForward-Looking StatementsArticle contentB&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to a contract to provide Wet Gas Scrubbing technology for a refinery in Canada. 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.Article contentArticle contentArticle contentArticle contentView source version on businesswire.com: Article content https://www.businesswire.com/news/home/20251219242307/en/Article contentArticle contentContactsArticle contentInvestor Contact: Article contentArticle contentInvestor RelationsArticle contentArticle contentBabcock & WilcoxArticle contentArticle content704.625.4944Article contentArticle contentinvestors@babcock.comArticle contentMedia Contact: Article contentArticle contentRyan CornellArticle contentArticle contentPublic RelationsArticle contentArticle contentBabcock & WilcoxArticle contentArticle content330.860.1345Article contentArticle contentrscornell@babcock.comArticle content#distroArticle contentTrending Tax Court overturns CRA decision to deny bitcoin loss writeoff Taxes Mortgage rates move — but in the wrong direction Mortgage Rates When sinking property values raise red flags for borrowers Mortgages Philip Cross: The sad story of Justin Trudeau’s 'youthful idiots' FP Comment Amid a wave of mortgage renewals, borrowers will have leverage in 2026 Mortgages Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. 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Source: Financial Post