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Benzinga
Benzinga
Business
Akanksha Bakshi

Babcock & Wilcox Bags $22M Waste-To-Energy Technology Contract

Asia Asia-Pacific BW Nick Carter NYSE
  • Babcock & Wilcox Enterprises Inc (NYSE:BW) business segment B&W Renewable has secured a contract for ~$22 million to help a power producer in Asia reduce its reliance on coal and decrease the amount of waste sent to landfills.
  • B&W Renewable will design and supply a 440-ton-per-day waste-to-energy boiler, DynaGrate combustion grate, and other combustion equipment, including burners and sootblowers.
  • The plant will generate cleaner electricity for the community while processing ~160,000 tons of industrial waste annually.
  • "Our business in the Asia-Pacific region continues to grow, with significant opportunities for B&W's renewable, environmental and thermal technologies," said Nick Carter, Managing Director of B&W's Asia-Pacific region.
  • Price Action: BW shares are trading higher by 0.95% at $7.41 on the last check Monday.
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