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-NOx burners for the reduction of nitrogen oxides (NOx) 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 NOx 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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