B&W Consortium Awarded Industrial Environmental Equipment Contract For Carbon Black Facilities
October 20 2016 - 8:30AM
Business Wire
Babcock & Wilcox Enterprises, Inc. (NYSE:BW) announced today
that its subsidiary, The Babcock & Wilcox Company (B&W) and
its consortium partner, Saulsbury Industries, Inc., have been
awarded a contract for more than $90 million to engineer, procure
and construct emissions control systems for two carbon black
producing facilities owned by Continental Carbon Company.
B&W will design and supply selective catalytic reduction
(SCR) systems for nitrogen oxides (NOx) control, circulating
scrubbers for flue gas desulfurization, particulate control and
other auxiliary equipment for the units, located in Oklahoma and
Alabama.
“B&W has a complete line of air quality control technologies
for industrial use,” said Mark Low, senior vice president, B&W
Power segment. “Whether for chemical manufacturing, steel,
petroleum refining or any other market, our capabilities allow us
to evaluate each application and then engineer and supply
comprehensive environmental solutions for our customers.”
Ground was broken this week for the first project in Oklahoma.
Engineering work for the first facility is underway, with the
emissions control systems scheduled to come online in 2018.
Installation of the emissions control system for the Alabama
facility is scheduled to begin in mid-2019.
About B&W
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 5,700 people around the world. Follow us on Twitter
@BabcockWilcox and learn more at www.babcock.com.
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 our most recent annual report on
Form 10-K and subsequent quarterly 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.
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Investor ContactBabcock & WilcoxJude Broussard,
704-625-4944Vice President, Investor
Relationsinvestors@babcock.comorMedia ContactBabcock &
WilcoxRyan Cornell, 330-860-1345Public
Relationsrscornell@babcock.com
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