Babcock & Wilcox rises on $40 million Canadian refinery contract

Babcock & Wilcox Enterprises

19/12/2025 15:32

** Shares of energy tech company Babcock & Wilcox Enterprises BW.N up 3.7% at $4.99

** Company says it has received a $40 million contract to supply advanced low-pressure wet gas scrubbing (WGS) technology for installation at a major petroleum refinery in Canada

** The deal reflects an additional $30 million commitment from the same customer, following a $10 million order announced in September

** BW's WGS technology is designed to help refineries meet stringent environmental standards by controlling sulphur dioxide emissions

** Including session's moves, BW shares have more than tripled YTD

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))