Monday, Babcock & Wilcox Enterprises, Inc. (BW) announced that its subsidiary Babcock & Wilcox Canada Corp. has secured a contract worth over $13 million to assist a petroleum refinery in North America in meeting environmental standards.
The agreement entails supplying 18 high-efficiency, low-NOx burners to reduce nitrogen oxide emissions for three plant units, designing a flue gas recirculation system, offering performance engineering services, supplying fans, and other equipment for one of the units.
The company stated that equipment supply is already in progress and is set for delivery in the fourth quarter of 2024.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.