Babcock & Wilcox Canada Awarded $13 Million Contract to Supply Equipment and Services to Reduce Environmental Emissions from North American Petroleum Refinery

Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW) announced today that its subsidiary, Babcock & Wilcox Canada Corp. (B&W Canada), has been awarded a contract for more than $13 million to supply equipment and design and engineering services to help a petroleum refinery in North America comply with environmental regulations.

B&W will supply 18 high-efficiency, low-NO_x burners for the reduction of nitrogen oxides (NO_x) emissions for three units at the plant. B&W will also design a flue gas recirculation system, provide performance engineering services, supply fans, and other equipment for one of the units.

“B&W’s technology will help upgrade this refinery with advanced burners and other technologies, which will significantly reduce the plant’s NO_x emissions and assist in the compliance with environmental regulations,” said Stephen Dutkiewicz, Vice President & General Manager, Thermal Projects, B&W. “As North American manufacturers and industries look to help countries emissions goals, B&W’s environmental technologies can play an important role in the transition to cleaner, more-sustainable energy, and industrial processes.”

Work has begun on the equipment supply, which is scheduled for delivery in the fourth quarter of 2024.

About Babcock & Wilcox

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to a contract to supply equipment, design and engineering services for a petroleum refinery in North America. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. 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.

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