B&W Pockets $5M Contract To Supply Cooling System In Middle East

by Akanksha Bakshi, Benzinga Editor
November 3, 2021 3:04 PM | 1 min read |
  • Babcock & Wilcox Enterprises Inc BW has secured a contract for ~$5 million to supply a SPIG S.p.A. cooling system for a petrochemical facility in the Middle East.
  • The cooling tower will 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 COO.
  • Price Action: BW shares are trading higher by 0.69% at $7.26 on the last check Wednesday.
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