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B&W Vølund Signs Licensing Agreement To Provide Biomass Grate Technology to Asian Markets
(BARBERTON, Ohio – February 26, 2019) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W) announced today that its Denmark-based subsidiary, Babcock & Wilcox Vølund A/S, has signed a licensing agreement to provide its water-cooled vibrating grate technology for biomass boilers to thyssenkrupp Industries India Pvt. Limited on an exclusive basis for projects in India, Nepal, Sri Lanka, Bangladesh, Myanmar and Bhutan.
“This agreement with thyssenkrupp Industries India is an important step for B&W Vølund in accessing the growing renewable energy market in India,” said Koen W. Bogers, Managing Director, B&W Vølund. “Our proven biomass combustion technology will help industrial and power users produce clean, renewable energy while helping reduce the environmental impact from the combustion of rice straw and other waste fuels.”
B&W Vølund’s water-cooled vibrating grate was developed for combustion of biomass and multi-fuels with little or almost no ash content. Over the past several decades, this grate has proven to be effective for its high availability, low maintenance cost, and low consumption of spare parts. It is particularly well-suited for fuels with high alkali and chlorine content, such as rice straw – a common by-product of agriculture in India and other countries in the region.
Under the terms of the 10-year licensing agreement, B&W Vølund will provide engineering and advisory services to thyssenkrupp.
Babcock & Wilcox is a global leader in energy and environmental technologies and services for the power and industrial markets, and has been transforming our world for 151 years. Follow us on Twitter @BabcockWilcox.
About B&W Vølund
Based in Esbjerg, Denmark, B&W Vølund is a subsidiary of Babcock & Wilcox Enterprises, Inc., and is a supplier of technologies for efficient and environmentally sound waste-to-energy and biomass energy plants around the world.