B&W Consortium Awarded Industrial Environmental Equipment Contract For Carbon Black Facilities

October 20, 2016

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Babcock & Wilcox Enterprises, Inc. (NYSE:BW) announced today that its subsidiary, The Babcock & Wilcox Company (B&W) and its consortium partner, Saulsbury Industries, Inc., have been awarded a contract for more than $90 million to engineer, procure and construct emissions control systems for two carbon black producing facilities owned by Continental Carbon Company.

B&W will design and supply selective catalytic reduction (SCR) systems for nitrogen oxides (NOx) control, circulating scrubbers for flue gas desulfurization, particulate control and other auxiliary equipment for the units, located in Oklahoma and Alabama.

“B&W has a complete line of air quality control technologies for industrial use,” said Mark Low, senior vice president, B&W Power segment. “Whether for chemical manufacturing, steel, petroleum refining or any other market, our capabilities allow us to evaluate each application and then engineer and supply comprehensive environmental solutions for our customers.”

Ground was broken this week for the first project in Oklahoma. Engineering work for the first facility is underway, with the emissions control systems scheduled to come online in 2018. Installation of the emissions control system for the Alabama facility is scheduled to begin in mid-2019.

About B&W


Headquartered in Charlotte, N.C., Babcock & Wilcox is a global leader in energy and environmental technologies and services for the power and industrial markets. B&W companies employ approximately 5,700 people around the world. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements, including statements relating to the scope, timing and value, to the extent value may be viewed as an indicator of future revenues, of the carbon black contract. These forward-looking statements involve a number of risks and uncertainties, including, among other things, delays or other difficulties executing the carbon black contract and adverse modifications to the contract, including termination. If one or more of these or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, please see B&W's filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q. B&W cautions not to place undue reliance on these forward-looking statements, which speak only as of the date this release, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

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