B&W Environmental Awarded Contract to Supply Highly Efficient Cooling Technology for Pulp Mill in South America

Rhea-AI Summary

Babcock & Wilcox (NYSE: BW) has secured a contract exceeding $5 million to design and supply SPIG^® cooling towers for a pulp mill in South America. The contract includes 18 cooling cells across three towers, aimed at enhancing efficiency and reducing water use. The company highlights the growing demand for its technologies in the South American pulp and paper market. Their specialized solutions cater to various operational needs, focusing on environmental sustainability and efficiency.

Positive

• Secured a contract worth over $5 million for cooling towers.
• Demand for B&W's technologies is increasing in South America.
• Cooling solutions designed for higher efficiency and reduced water usage.

Negative

• None.

AKRON, Ohio--(BUSINESS WIRE)-- Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Environmental segment has been awarded a contract for more than $5 million to design and supply highly efficient SPIG^® cooling towers for a pulp mill in South America.

B&W Environmental will provide a total of 18 cooling cells for three towers. The wet cooling towers are designed to reduce overall water use and maximize efficiency while high-quality, resistant materials provide the tower with an extended operable lifespan.

“We continue to see growth in demand for our technologies and services in the robust South American pulp and paper market, particularly as customers look to make their operations more efficient and environmentally friendly,” said B&W Executive Vice President and Chief Operating Officer Jimmy Morgan. “Our specialized SPIG cooling solutions can be tailored to meet the needs of pulp and paper plants and we see significant opportunities in this important market.”

B&W’s experience includes wet cooling (mechanical and natural draft) systems, dry cooling systems and hybrid cooling solutions that can be customized to site-specific requirements. SPIG technologies can be designed for a wide range of project requirements such as high seismic and wind loads, vibration control, corrosion resistance, low-noise emission, sub-freezing operation, and seawater applications.

About B&W

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc., 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.

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 design and supply cooling towers for a pulp mill in South America, as well as growth opportunities in the pulp and paper market in South America. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220630005431/en/

Investor Contact:

B&W Investor Relations

704.625.4944 | investors@babcock.com

Media Contact:

Ryan Cornell

Public Relations

Babcock & Wilcox

330.860.1345 | rscornell@babcock.com

Source: Babcock & Wilcox Enterprises, Inc.

FAQ

What contract did Babcock & Wilcox announce on October 13, 2023?

Babcock & Wilcox announced a contract worth over $5 million for designing and supplying cooling towers for a pulp mill in South America.

How many cooling cells will Babcock & Wilcox provide for the South American project?

Babcock & Wilcox will provide a total of 18 cooling cells for three cooling towers.

What are the benefits of the SPIG cooling towers being supplied by Babcock & Wilcox?

The SPIG cooling towers are designed to reduce water usage while maximizing efficiency and lifespan.

In which market is Babcock & Wilcox observing growth?

Babcock & Wilcox is seeing growth in the South American pulp and paper market.

What is the significance of Babcock & Wilcox's cooling solutions?

Their cooling solutions are tailored for environmental sustainability and efficiency, addressing specific operational requirements.