Babcock & Wilcox secures initial $10M order wet gas scrubbing tech for Canada refinery

* Babcock & Wilcox (NYSE:BW [https://seekingalpha.com/symbol/BW]) received [https://seekingalpha.com/pr/20246738-babcock-and-wilcox-receives-advanced-wet-gas-scrubbing-technology-award-for-refinery-in] an initial $10 million order as part of a larger award valued at ~$40 million to supply advanced low-pressure Wet Gas Scrubbing (WGS) technology for installation at a major petroleum refinery in Canada.
* This technology, licensed from ExxonMobil and acquired by B&W through their 2022 acquisition of Hamon Research-Cottrell Inc., is known for effectively controlling sulfur dioxide SO2 emissions and has been deployed in over 30 refinery applications globally.

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