Babcock & Wilcox Receives $24M Contracts for Three ME Industrial Boilers

Source: 3/20/2024, Location: Middle East

Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal segment has been awarded contracts totaling approximately $24 million to design, manufacture and supply three industrial boilers and associated equipment for petrochemical facilities in the Middle East and Central Asia regions.

“B&W plays a pivotal role in bolstering the reliability and security of energy infrastructure globally, as we deploy our cutting-edge technologies, equipment and services,” said Chris Riker, Senior Vice President, B&W Thermal. “As energy demand continues to grow around the world, we are helping our customers keep their facilities running at peak efficiency.”

“These contracts further demonstrate the substantial growth B&W has experienced in the Middle East, Africa and Central Asia regions and underscores the continued robust demand for B&W’s products, parts and service solutions,” said Wassim Moussaoui, Managing Director, Babcock & Wilcox Middle East Holdings, Ltd. “We serve customers in the petrochemical, oil and gas, utility and manufacturing industries throughout the region, and demand for boiler equipment, parts and services remains high as these companies look to grow and expand their operations. We look forward to delivering reliable, durable and efficient industrial boilers to meet our customers’ needs.”

B&W’s industrial boilers feature robust designs and fuel flexibility – with the capability to use oil, gas, hydrogen and a variety of other fuels – and are suitable for a wide array of industrial applications.

B&W’s growing Middle East, Africa and Central Asia presence includes offices in Saudi Arabia, Egypt, South Africa and a regional headquarters in Dubai, United Arab Emirates.

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