Babcock & Wilcox Awarded $40 Million Contract for Advanced Wet Gas Scrubbing Technology at Canadian Petroleum Refinery
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wet gas scrubbingtechnical
Wet gas scrubbing is an industrial process that cleans harmful chemicals or particles from a stream of gas by passing it through a liquid that absorbs or neutralizes the contaminants — like washing smoke with water to remove dirt. For investors, it matters because the equipment and operating costs affect project budgets, and effective scrubbing can be required to meet environmental permits, avoid fines, and preserve the value and marketability of industrial assets.
sulfur dioxidetechnical
Sulfur dioxide is a colorless, pungent gas produced when sulfur-containing fuels are burned and used in some food and beverage preservation; think of it like smoke from a campfire that can irritate lungs and damage crops. Investors care because regulatory limits, emissions permits, product labeling rules and potential health-related liabilities can create costs, affect operations, and influence the market value of companies in energy, manufacturing, agriculture and food sectors.
so₂technical
SO₂ (sulfur dioxide) is a colorless, sharp-smelling gas produced when sulfur-containing materials are burned or processed, commonly emitted by power plants, refineries, smelters and some industrial processes. Investors watch SO₂ because its levels trigger regulatory limits, fines, permitting hurdles and potential costly equipment upgrades or shutdowns; like a company’s emissions 'smoke signal,' it can indicate environmental liability, operational risk and potential impact on profitability and reputation.
nitrogen oxidestechnical
A group of air pollutants composed mainly of nitric oxide (NO) and nitrogen dioxide (NO2) produced when fuels burn at high temperatures, such as in power plants, vehicles, and industrial processes. Investors should watch nitrogen oxides because they drive regulatory limits, emissions-control costs, and potential fines or remediation expenses—think of them as the smoke detectors that trigger costly upgrades or penalties when a company’s operations set them off.
noₓtechnical
NOx denotes nitrogen oxides, a group of airborne gases (mainly nitric oxide and nitrogen dioxide) produced when fuel burns at high temperatures, such as in engines, power plants, or furnaces. Think of NOx as the “smoke” that contributes to smog and respiratory harm; investors watch NOx because limits, permits and cleanup costs can affect operating expenses, regulatory risk, and a company’s ability to run or expand facilities.
fluid catalytic crackingtechnical
A refining process that breaks heavier crude oil molecules into lighter fuels like gasoline and diesel by exposing them to heat and a reusable catalyst, similar to splitting a large loaf into many small rolls to sell more useful pieces. It matters to investors because the plant’s efficiency, output mix and running costs directly affect a refinery’s revenue and profit margins, and disruptions or upgrades can change supply, prices and regulatory costs.
fluid coker unitstechnical
A fluid coker unit is a refinery processing unit that uses heat and turbulent flow to break heavy leftover oil into lighter, more valuable fuels (like diesel and gasoline blend components) and a solid carbon byproduct called petroleum coke. For investors, it matters because the unit changes how much high-value product a refinery makes, affects operating costs and environmental obligations, and can influence profit margins when crude quality or fuel demand shifts — think of it as a machine that upgrades trash into sellable pieces but also produces a pile of waste that has value and regulatory costs.
forward-looking statementsregulatory
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
AKRON, Ohio--(BUSINESS WIRE)--
Babcock & Wilcox (B&W) (NYSE: BW) announced today that it has been awarded a $40 million contract to supply advanced low-pressure Wet Gas Scrubbing (WGS) technology for installation at a major petroleum refinery in Canada. This award represents an additional $30 million commitment from the customer, following an initial $10 million order announced in September.
The project is a significant milestone for B&W, as it continues growing its business of providing advanced environmental solutions for the North American refining industry. B&W’s proven WGS solution controls sulfur dioxide (SO₂) emissions from fluid catalytic cracking and fluid coker units, helping refiners meet stringent environmental regulations. The technology can also be enhanced to address nitrogen oxides (NOₓ) and particulate emissions, providing a comprehensive approach to emissions compliance.
B&W is a licensee of ExxonMobil’s WGS technology, which has been successfully deployed in dozens of refinery applications around the world. The company’s WGS systems offer several advantages, including high SO₂ removal efficiency with low-pressure operation for reduced energy consumption, customizable designs to accommodate challenging site layouts and integration with NOₓ and particulate control technologies for comprehensive compliance.
“This contract underscores the confidence our customers have in B&W’s ability to deliver complex environmental solutions on time and on budget,” said Justin Chenevey, Vice President, Environmental and ClimateBright, B&W. “Our wet gas scrubbing technology combines ExxonMobil’s proven process with B&W’s engineering expertise and procurement to provide exceptional reliability, efficiency, and flexibility for refineries facing increasingly strict emissions standards.”
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 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.
