Babcock & Wilcox Awarded Front-End Engineering and Design Contract for Canada’s First Waste-to-Energy Plant with Carbon Capture and Sequestration
September 05 2024 - 6:30AM
Business Wire
Babcock & Wilcox (B&W) (NYSE: BW) announced today that
it has been awarded a contract to conduct front-end engineering and
design (FEED) for Varme Energy Inc.’s (“Varme Energy”) planned
waste-to-energy with carbon capture and sequestration project in
Alberta, Canada.
As part of the contract, B&W will conduct engineering and
design for the plant’s waste-fired boiler, emissions control
technologies and post-combustion carbon capture system.
“This initial engineering contract is an important first step in
what we anticipate will be an exciting, large-scale municipal
waste-to-energy with carbon capture and sequestration project,”
said B&W Chief Operating Officer Jimmy Morgan. “We’re pleased
to partner with Varme Energy to help turn waste into a clean energy
source with reduced greenhouse gas emissions.”
“B&W is committed to providing our customers around the
world with advanced solutions to generate energy from waste while
reducing reliance on landfills and safeguarding the environment,”
Morgan added.
“With the signing of the front-end engineering and design
contract, Varme Energy is pleased to partner with Babcock &
Wilcox to advance the development of the first waste-to-energy with
carbon capture and sequestration facility in Canada,” said Varme
Energy Chief Operating Officer Wayne Carey. “Leveraging B&W's
global experience in delivering safe, proven and environmentally
sound waste-to-energy facilities is our first step in reducing
waste destined for landfills and providing clean, reliable
electricity.”
The proposed facility would be constructed northeast of Edmonton
and would be capable of processing up to 200,000 tons of waste per
year.
Following completion of the FEED contract, B&W’s anticipated
scope for the proposed project would include the design, supply and
construction of the plant’s combustion grate, boiler and
economizer, as well as the design and supply of the air quality
control system (AQCS) for particulates, nitrogen oxide and sulfur
oxides, and a carbon capture absorber and sorbent regeneration
system.
About Babcock & Wilcox
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises,
Inc. 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.
Forward-Looking Statements
B&W cautions that this release contains forward-looking
statements, including, without limitation, statements relating to
the receipt of a contract for front-end engineering and design for
a waste-to-energy and carbon capture project in Canada and
B&W’s anticipated scope of work for this project. 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/20240905029374/en/
Investor Contact: 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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