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Babcock & Wilcox to Study Application of SolveBrightTM CO2-Capture Technology for CONSOL Energy Decarbonization Project

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Babcock & Wilcox (BW) has been awarded a contract by CONSOL Energy to study the application of its SolveBright CO2 capture technology for the 21st Century Power Plant project. This project aims to utilize advanced carbon capture technologies as part of a U.S. Department of Energy initiative. The plant is designed to capture approximately 781,000 metric tonnes of CO2 annually. B&W will collaborate with Honeywell UOP, leveraging their ASCC process technology to enhance CO2 emissions reduction and promote clean energy generation.

Positive
  • Awarded a contract for CO2 capture technology by CONSOL Energy for a significant power plant project.
  • SolveBright technology aims to capture approximately 781,000 metric tonnes of CO2 per year.
  • Collaboration with Honeywell UOP enhances project capabilities through expertise in carbon capture.
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  • None.

AKRON, Ohio--(BUSINESS WIRE)-- Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Environmental segment has been awarded a contract to study the application of B&W’s SolveBrightTM solvent-based carbon dioxide (CO2) capture solution for CONSOL Energy’s advanced coal and biomass-based 21st Century Power Plant project, which is currently in development. B&W selected Honeywell UOP’s Advanced Solvent Carbon Capture (ASCC) process technology for the CO2 capture aspect of the project.

CONSOL Energy is evaluating post-combustion carbon capture technologies as part of a U.S. Department of Energy/National Energy Technology Laboratory (NETL)’s 21st Century Power Plants initiative, which is intended to support the development of the coal and biomass plants of the future to provide secure, stable, and reliable power while utilizing otherwise unusable waste coal fines. The Worley Group is serving as lead contractor to CONSOL and is coordinating the technology evaluation.

The proposed 21st Century Power Plant will have four pressurized fluid bed boiler combustors, each with CO2 emission capture targets of approximately 781,000 metric tonnes per year. B&W’s SolveBright technology, which is part of its ClimateBrightTM suite of decarbonization and hydrogen technologies, is a post-combustion solution that would be used to treat the flue gas stream from a Pressurized Fluidized Bed Combustor (PFBC) power plant to capture CO2 and generate clean energy with near-zero emissions.

“We are excited that B&W and Honeywell UOP have been selected for this study to determine how our advanced carbon capture technologies can be utilized on this ground-breaking clean energy project,” said B&W Executive Vice President and Chief Operating Officer Jimmy Morgan. “B&W’s proven SolveBright technology, which includes our experience with the design and construction of large field-erected absorbers, scrubbing systems and our development history of amine-based solvent systems, combined with Honeywell UOP’s amine-based solvent system experience and their ASCC technology, give us the ability to deliver a truly innovative decarbonization solution.”

B&W’s SolveBright scrubbing system, which is highly flexible and can incorporate a variety of solvents and process technologies, absorbs CO2 directly from the plant’s flue gas using a regenerable solvent that is then recycled for re-use.

Barry Glickman, vice president and general manager, Honeywell Sustainable Technology Solutions said, “We are excited to pair Honeywell UOP’s innovative ASCC technology with B&W’s SolveBright carbon capture solution for CONSOL. The combination of Honeywell’s process technology expertise and B&W’s capabilities in large-scale, energy equipment design and construction is particularly well-suited for CONSOL’s project requirements. Post-combustion carbon capture is a viable, ready now solution that can reduce the CO2 footprint of the power sector and we look forward to demonstrating this at CONSOL’s 21st Century Power Plant.”

Honeywell’s Advanced Solvent Carbon Capture technology utilizes a proprietary, second generation solvent, enabling efficient carbon capture from post-combustion flue gas sources. This point source CO2 removal technology can be retrofitted within existing plants or included as part of a new installation and can be used to reduce emissions in hard to abate industries including fossil fuel power, steel, cement, and other industry.

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 awarding of a contract to study the application of B&W’s SolveBright solvent-based CO2-capture technology for a 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.

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

Source: Babcock & Wilcox Enterprises, Inc.

FAQ

What contract did Babcock & Wilcox win with CONSOL Energy?

Babcock & Wilcox was awarded a contract to study the application of its SolveBright CO2 capture technology for the 21st Century Power Plant project.

What is the purpose of the 21st Century Power Plant project?

The project aims to evaluate post-combustion carbon capture technologies to support the development of advanced coal and biomass-based energy plants.

How much CO2 is the 21st Century Power Plant expected to capture?

The plant is designed to capture approximately 781,000 metric tonnes of CO2 annually.

What technologies will be used in the CONSOL Energy project?

The project will utilize Babcock & Wilcox's SolveBright technology in conjunction with Honeywell UOP's Advanced Solvent Carbon Capture (ASCC) process.

What are the implications of the B&W and Honeywell collaboration?

The collaboration is expected to leverage both companies' expertise to create an innovative solution for reducing CO2 emissions in power generation.

Babcock & Wilcox Enterprises, Inc.

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