Babcock & Wilcox Receives Advanced Wet Gas Scrubbing Technology Award for Refinery in Canada

AKRON, Ohio--(BUSINESS WIRE)--Babcock & Wilcox (B&W) (NYSE: BW) announced today that it has received an initial $10 million order as part of an award valued at approximately $40 million to supply low-pressure Wet Gas Scrubbing (WGS) technology for installation at a major petroleum refinery in Canada.

B&W is a licensee of ExxonMobil’s WGS technology, which has been successfully deployed in more than 30 refinery applications worldwide. B&W acquired the rights to this advanced sulfur dioxide (SO₂) emissions control solution through its 2022 acquisition of the business assets of Hamon Research-Cottrell Inc.

“Over the last several years, B&W has collaborated closely with the refinery to develop a customized solution that addresses complex site layout challenges and stringent SO₂ emissions requirements,” said Justin Chenevey, B&W Vice President, Environmental and ClimateBright. “With our extensive refinery and petrochemical experience and exclusive access to this advanced WGS technology, B&W can customize an effective, economical solution for even the most challenging applications.”

ExxonMobil’s WGS technology allows refiners to reliably meet stringent fluid catalytic cracking and fluid coker emissions regulations with proven technology. It also can be enhanced to help meet restrictions on nitrogen oxides (NO_x) and particulate emissions.

About B&W

Headquartered in Akron, Ohio, B&W is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow B&W on LinkedIn and learn more at www.babcock.com.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to a contract to provide Wet Gas Scrubbing technology under license from ExxonMobil for a refinery in Canada. 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.