{"id":509151,"date":"2021-07-01T16:33:37","date_gmt":"2021-07-01T20:33:37","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/babcock-wilcox-assists-amager-resource-centers-application-to-e-u-to-fund-innovative-carbon-capture-project-in-denmark\/"},"modified":"2021-07-01T16:33:37","modified_gmt":"2021-07-01T20:33:37","slug":"babcock-wilcox-assists-amager-resource-centers-application-to-e-u-to-fund-innovative-carbon-capture-project-in-denmark","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/babcock-wilcox-assists-amager-resource-centers-application-to-e-u-to-fund-innovative-carbon-capture-project-in-denmark\/","title":{"rendered":"Babcock & Wilcox Assists Amager Resource Center\u2019s Application to E.U. to Fund Innovative Carbon Capture Project in Denmark"},"content":{"rendered":"

<\/p>\n

Babcock & Wilcox Assists Amager Resource Center\u2019s Application to E.U. to Fund Innovative Carbon Capture Project in Denmark<\/b><\/p>\n

AKRON, Ohio–(BUSINESS WIRE<\/a>)–
\nBabcock & Wilcox (B&W) (NYSE: BW) Environmental announced today that it will support Amager Resource Center\u2019s (ARC) application for more than \u20ac120 million ($140 million USD) in European Union funding to build an advanced carbon dioxide (CO2<\/sub>) capture facility at ARC\u2019s Amager-Bakke (Copenhill) waste-to-energy facility in Copenhagen, Denmark.\n<\/p>\n

\nB&W has submitted a letter of support for ARC\u2019s funding application to the E.U.\u2019s Innovation Fund and intends to collaborate closely with Italy-based Saipem and Denmark-based Novozymes to develop the project if funding is approved and ARC selects the team\u2019s proposal.\n<\/p>\n

\nB&W will utilize its significant operational and engineering knowledge of the facility\u2019s process systems as well as its SolveBright\u2122<\/sup> regenerable solvent technology to facilitate an integrated design. B&W previously designed and supplied the combustion and emissions control systems, including the advanced DynaGrate\u00ae<\/sup> waste-to-energy combustion grate, for the state-of-the-art Copenhill plant.\n<\/p>\n

\n\u201cB&W\u2019s ClimateBright\u2122<\/sup> decarbonization technologies, including our SolveBright regenerable solvent process, have positioned us as a clear leader in combatting greenhouse gas emissions and climate change worldwide,\u201d said Kenneth Young, B&W Chairman and Chief Executive Officer. \u201cWe\u2019re excited to build on our strong relationship with ARC and leverage our market-leading technology to support its funding application for this important project. We\u2019re also pleased to help Copenhagen meet its objective to become the first carbon-neutral world capital by 2025.\u201d\n<\/p>\n

\nAs part of the ClimAid Copenhagen initiative, ARC announced plans to install CO2<\/sub>-capture technology at Copenhill and capture and sequester 500,000 tonnes of CO2<\/sub> annually.\n<\/p>\n

\n\u201cIt is crucial that the private sector invests in the green transition. ARC is pleased that B&W \u2013 with their significant insights to the plant as the technology provider and O&M (operations and maintenance) supplier \u2013 has announced its dedication to maturing carbon capture by developing enzyme-accelerated methods to capture CO2<\/sub>,\u201d said Jacob H. Simonsen, Chief Executive Officer at Amager Resource Center. \u201cB&W\u2019s CCS technology (SolveBright), together with developing enzyme-accelerated alternatives to traditional methods of carbon capture, will help to build knowledge and can potentially make the process more effective and sustainable, resulting in reduced cost for the green transformation. It is in the interest of ARC, Denmark and the global climate.\u201d\n<\/p>\n

\nSolveBright technology is part of B&W\u2019s complete suite of ClimateBright decarbonization technologies and was developed by B&W in conjunction with university researchers. The patented technology was successfully piloted by B&W, in addition to being selected by the U.S. Department of Energy to be the first technology used by the U.S. National Carbon Capture Center\u2019s scrubbing system.\n<\/p>\n

\nTo learn more about B&W\u2019s ClimateBright decarbonization technologies, please visit babcock.com\/decarbonization<\/a>.\n<\/p>\n

About Babcock & Wilcox <\/i><\/b><\/p>\n

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn<\/a> and learn more at www.babcock.com<\/a>. <\/i><\/p>\n

Forward-Looking Statements<\/i><\/b><\/p>\n

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to funding for, and B&W\u2019s potential participation in, the building of an advanced carbon dioxide (CO2<\/sub>) capture facility at ARC\u2019s Amager-Bakke (Copenhill) waste-to-energy facility in Copenhagen, Denmark. These forward-looking statements are based on management\u2019s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210701005860\/en\/<\/a><\/span><\/p>\n

Investor Contact:
\n<\/b>
Megan Wilson
\n
Vice President, Corporate Development & Investor Relations
\n
Babcock & Wilcox
\n
704.625.4944 | investors@babcock.com<\/a><\/p>\n

Media Contact:
\n<\/b>
Ryan Cornell
\n
Public Relations
\n
Babcock & Wilcox
\n
330.860.1345 | rscornell@babcock.com<\/a><\/p>\n

KEYWORDS:<\/b> Europe Denmark United States North America Ohio<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Manufacturing Environment Other Energy Engineering Utilities Chemicals\/Plastics Oil\/Gas Alternative Energy Manufacturing Energy<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Babcock & Wilcox Assists Amager Resource Center\u2019s Application to E.U. to Fund Innovative Carbon Capture Project in Denmark AKRON, Ohio–(BUSINESS WIRE)– Babcock & Wilcox (B&W) (NYSE: BW) Environmental announced today that it will support Amager Resource Center\u2019s (ARC) application for more than \u20ac120 million ($140 million USD) in European Union funding to build an advanced carbon dioxide (CO2) capture facility at ARC\u2019s Amager-Bakke (Copenhill) waste-to-energy facility in Copenhagen, Denmark. B&W has submitted a letter of support for ARC\u2019s funding application to the E.U.\u2019s Innovation Fund and intends to collaborate closely with Italy-based Saipem and Denmark-based Novozymes to develop the project if funding is approved and ARC selects the team\u2019s proposal. B&W will utilize its significant operational and engineering knowledge of … <\/p>\n

Continue reading “Babcock & Wilcox Assists Amager Resource Center\u2019s Application to E.U. to Fund Innovative Carbon Capture Project in Denmark”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-509151","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBabcock & Wilcox Assists Amager Resource Center\u2019s Application to E.U. to Fund Innovative Carbon Capture Project in Denmark - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/babcock-wilcox-assists-amager-resource-centers-application-to-e-u-to-fund-innovative-carbon-capture-project-in-denmark\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Babcock & Wilcox Assists Amager Resource Center\u2019s Application to E.U. to Fund Innovative Carbon Capture Project in Denmark - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Babcock & Wilcox Assists Amager Resource Center\u2019s Application to E.U. to Fund Innovative Carbon Capture Project in Denmark AKRON, Ohio–(BUSINESS WIRE)– Babcock & Wilcox (B&W) (NYSE: BW) Environmental announced today that it will support Amager Resource Center\u2019s (ARC) application for more than \u20ac120 million ($140 million USD) in European Union funding to build an advanced carbon dioxide (CO2) capture facility at ARC\u2019s Amager-Bakke (Copenhill) waste-to-energy facility in Copenhagen, Denmark. B&W has submitted a letter of support for ARC\u2019s funding application to the E.U.\u2019s Innovation Fund and intends to collaborate closely with Italy-based Saipem and Denmark-based Novozymes to develop the project if funding is approved and ARC selects the team\u2019s proposal. 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B&W has submitted a letter of support for ARC\u2019s funding application to the E.U.\u2019s Innovation Fund and intends to collaborate closely with Italy-based Saipem and Denmark-based Novozymes to develop the project if funding is approved and ARC selects the team\u2019s proposal. 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