Babcock & Wilcox to Install Efficiency-Improving Technology for Oil Sands Boilers
July 27 2020 - 6:30AM
Business Wire
Babcock & Wilcox Enterprises, Inc. (NYSE: BW) announced
today that it continues to expand its role in the petrochemical
industry with a contract to install new economizers for two B&W
TSSGTM natural gas-fired boilers at an oil sands project in
Alberta, Canada. The project, which was awarded to a subsidiary, is
valued at more than $4 million.
The Babcock & Wilcox (B&W) economizers feature an
advanced design proven to provide effective performance for optimal
thermal efficiency. Site work is currently underway at the job site
in Canada’s Athabasca Oil Sands region. As demand for petroleum and
activity in the oil sands sector increase, B&W is
well-positioned to serve as critical technology providers to this
industry.
“Oil sands petroleum extraction presents unique challenges and
demands for the industrial boilers and related equipment used in
the mining process,” said B&W Senior Vice President Jimmy
Morgan. “B&W’s equipment is designed to withstand harsh
conditions and our team of service professionals have significant
experience working in and installing equipment for oil sands
applications.”
“Our proven thermal technologies for petrochemical applications
position us well in this expanding market,” Morgan said.
B&W can provide a full range of boiler and auxiliary
technologies, turnaround services, field construction, construction
management and maintenance services for oil sands and other
industries. B&W’s TSSG boiler is adaptable to all liquid and
gaseous fuel types including natural gas, produced gas and
emulsified liquid fuels and provides high reliability and
efficiency, combined with low operating costs.
About B&W
Headquartered in Akron, Ohio, Babcock & Wilcox is a global
leader in energy and environmental technologies and services for
the power and industrial markets. Follow us on Twitter
@BabcockWilcox and learn more at www.babcock.com.
Forward-Looking Statements
BWE cautions that this release contains forward-looking
statements, including, without limitation, statements relating to
the execution and completion of a Babcock & Wilcox contract to
install new economizers for two B&W TSSGTM natural gas-fired
boilers at an oil sands project in Alberta, Canada. 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/20200727005194/en/
Investors: Megan Wilson Vice President, Corporate
Development & Investor Relations Babcock & Wilcox
704.625.4944 | investors@babcock.com
Media: Ryan Cornell Public Relations Babcock & Wilcox
330.860.1345 | rscornell@babcock.com
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