Benzinga | Nov 3, 2021 09:14AM EDT

Babcock & Wilcox Announces Its B&W Environmental Segment Has Been Awarded A Contract For ~$5M To Supply A SPIG S.p.A. Cooling System For A Petrochemical Facility In The Middle East

Babcock & Wilcox (B&W) (NYSE:BW) announced today that its B&W Environmental segment has been awarded a contract for approximately $5 million to supply a SPIG S.p.A. cooling system for a petrochemical facility in the Middle East.

The cooling tower will be used to provide cooling for propane dehydrogenation and polypropylene production equipment while reducing environmental impact by conserving water and reducing liquid discharge.

"We are seeing tremendous opportunity to grow B&W's business in the Middle East," said Jimmy Morgan, B&W Chief Operating Officer. "There is substantial demand for environmental technologies, products and services for industrial plants, particularly in the petrochemical sector, and technologies for renewable energy generation such as waste-to-energy. We're actively looking to continue to expand B&W's business in this region."

Some benefits of B&W Environmental's SPIG cooling tower technology include lower water consumption, reduced plume formation, and decreased noise emissions.