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Benzinga

Akanksha Bakshi

B&W Partners With Fidelis To Provide Advanced Technologies To Assist In Development Of Green Fuels

BW NYSE Baton Rouge Louisiana

Babcock & Wilcox Enterprises Inc (B&W) (NYSE:BW) has partnered with Kiewit Industrial to deliver Fidelis New Energy’s planned net-negative carbon impact biomass power plant at the Port of Greater Baton Rouge, Louisiana. Deal terms not disclosed.
The planned facility, called Project Cyclus, will provide power for Fidelis’ state-of-the-art, 73,000-barrel-per-day Grön Fuels facility.
B&W will provide engineering, design, equipment, and technology services to support biomass-fueled plant development.
The company’s B&W Renewable business segment will design and supply a 200-megawatt electric, biomass-fueled bubbling fluidized bed (BFB) boiler.
Price Action: BW shares are trading lower by 0.36% at $8.20 on the last check Thursday.

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