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Babcock & Wilcox Update Building a Circular Economy Through Renewable Energy E4 - Carolinas

April 18, 2017

Elias Gedeon Kimberly Clark


Company Profile

1856 1867 1881 1921 1949 2007 2014 2015 2016

Global Leader in Energy and Environmental Technologies and Services for Power and Industrial Markets

Headquarters: Charlotte, NC, USA Incorporation: Delaware, Founded 1867 Revenue: ~$1.8 B Ownership: Public (NYSE: BW) Chairman & CEO: E. James Ferland Employees: 5,700 employees (+2,500 at JVs)

in more than 28 countries

Stephen Wilcox patents the water tube boiler

The first central generating station in the U.S. powered

by four B&W boilers

Awarded contracts to design and build boilers for the S.S. United States, the first American superliner

June 23, 2014: Acquires industrial products and services firm MEGTEC

July 5, 2016: Acquires cooling systems and

services firm SPIG

George Babcock, Stephen Wilcox and Joseph Manton establish Babcock, Wilcox & Company

First pulverized coal boiler made by B&W

Consolidation of B&W and BWXT operations, under the name

The Babcock & Wilcox Company

July 1, 2015: Completes spin-off, trades as independent company,

NYSE: BW

2017

January 11, 2017: Acquires UniversalAET, a provider of

acoustic, emission and filtration systems


Committed To

Strategic Focus Aligned With Business Segments

Power Renewable Industrial • New Build Utility & Environmental • Industrial Steam Generation • Retrofits & Continuous Emissions

Monitoring Systems • Global Parts & Field Engineering

Services • Employees: 1,525

• Industrial Environmental Solutions

• Wet and Dry Cooling Systems

• Acoustic Systems and Filtration Solutions

• Global Parts and Field Engineering

Services

• Employees: 1,310

• Biomass-to-Energy Systems

• Waste-to-Energy Systems

• Operations & Maintenance Services

• Global Parts and Field Engineering

Services

• Employees: 940

Continued focus on our Power customers

Expanding our products and services portfolio

Increased depth and flexibility with Power and B&W SPIG engineering and Project Management employees co-located in Ohio

Power Generation

Pharmaceutical

Pulp & Paper Wood Products

Coatings & Flexible Packaging

Oil, Gas & Chemical

Cement

Mining & Metals

Automotive

Iron & Steel

General Industry / Manufacturing

Food Processing & Agriculture

Waste Management

Markets We Serve


Industrial

Renewable

Power Optimize Our Legacy Business and Improve Efficiency

Pursue Core Growth in Global Markets

Execute a Disciplined Acquisition Program to Drive Growth and Diversification

Our consistent Strategic Focus…

…remains well-aligned with our business segments


Power

Single Source Solution for Highly Engineered Parts and Services Chute-to-Stack

• Pulverizers and Components • Burners and Ignitors (including FPS ignitors) • Sootblowers and Intelligent Controls

(steam, air and water) • Pressure Parts and Attemperators • Airheaters and Airheater Cleaning Systems • Bottom Ash Handling Systems

• Fabric Filters • Electrostatic Precipitators (wet and dry) • Fly Ash Handling Systems

• Spray Dry Absorber (including Niro atomizers)

• Circulating Dry Scrubber • Wet FGD (limestone and lime)

Boiler Particulate Control Sulfur Removal Emissions

• Complete portfolio of KVB-Enertec™ Products and Solutions for Continuous Emissions Monitoring Systems


Most Recent Project, In Start-Up

Copenhill, Amager Bakke

Waste-to-energy plant, features an artificial ski slope inspired by the Alps

Waste Capacity: 560,000 t/y

Commissioning: 2017

Largest in the World, In Execution

Shenzen, China

Waste-to-energy plant, largest in the world, stretching nearly a mile across, will include a visitor center

Waste Capacity: 1,650,000 t/y

Commissioning: 2020

Renewable Largest in the U.S. West Palm Beach

Waste-to-energy plant

Scope: 3 x SDA, PJFF, 3 x SCR, 3 x ACI

Structure: Consortium EPC (KBR), Firm price EPC (B&W O&M)

Unit Size: 90 MW (3 x 30 MW); Units 3,4,5 (3 x 1000) TPD

Mass Burn: 1,000,000 t/y

Start-up: May 2015

West Palm Beach, Florida Copenhagen, Denmark Shenzen, China


Industrial – MEGTEC

• Industrial environmental business provides engineered solutions to a wide range of problems and processes in diverse and naturally growing end markets

• Broad customer base includes ~3,100 businesses stretching across six continents and over 60 countries

• Steady stream of repeat aftermarket orders from customers over a long equipment lifecycle promotes a strong relationship and recurring business over time

[MEGTEC]

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=7oyPv9IZaWnbQM&tbnid=VHnM3uxLaocfaM:&ved=0CAUQjRw&url=http://intoxreport.com/2012/01/24/pairing-wine-with-spices-the-it-flavors-of-2012/&ei=t6VLUsn_EM3MqAHbzoGoBg&bvm=bv.53371865,d.aWM&psig=AFQjCNFLf5zZijgOitYoF4j_2fgZwKZe4g&ust=1380775715519218

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=q3KVLSTFBRYejM&tbnid=bJGZfXxt9sN-QM:&ved=0CAUQjRw&url=http://en.wikipedia.org/wiki/File:Pepperidge_Farm_logo.jpg&ei=2qVLUqKoKunEyQGyqIHYDA&bvm=bv.53371865,d.aWM&psig=AFQjCNFsT5JWiFRqKzfKR6U4XLvU-tfqBA&ust=1380775766816772

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Industrial – SPIG Cooling System Solutions and Services

Specialized capabilities, including noise and vibration control, plume abatement and water saving technologies

Wet Cooling Systems

• Mechanical and Natural Draft

• High Seismic Loads

• Vibration Control

• Corrosion Resistance

• Noise Control

• Sub-freezing Operation

• Sea Water use

• Manufactured with fiber reinforced polymer (FRP), concrete or wood

Dry Cooling Systems

• Air-cooled condensers (ACC)

• Air fin coolers (AFC)

• Water preservation

• Environmentally sound technology

• No hot water discharge

• Requires little maintenance

Aftermarket Services

• Committed to assure high quality and outstanding service

• Optimize customers’ plant performance for profitability and costs reduction

• UNICO, a Global Service Online System, monitors and analyzes critical performance data on Cooling Towers and Air Cooled Heat Exchangers in operation


Solutions Systems Benefits

Turbine Silencers, stacks, structural steel, exhaust systems

• Cost-effective design • Engineered to balance air filtration

and acoustic treatment • Optimal turbine performance

Engine

Silencers, stacks, catalysts, enclosure gensets, exhaust manifolds, locomotive exhaust components, turbo inlet scrolls

• Best performance for all applications • Noise reduction • Back pressure minimization • Temperature management • Optimization of flow • Structural integrity • Emissions treatment

Industrial

Process

Blower packages, blowdown silencers, high pressure vent silencers, ASME code vessels

• Design solutions for all filtration and acoustic requirements/challenges

• Wide range of materials and paints

3

Industrial – Universal Acoustic, Emission and Filtration Solutions


Coal Fired Power Plant Natural Gas Combined

Cycle Power Plant

Strategic Growth to Broaden Our Scope

CEMS

HRSG

Cooling Systems

Air Intake Filter SCR

Steam Generator and Burners Cooling

Systems

Particulate Control Flue Gas

DeSOx

Ash Handling

CEMS

SCR DeNOx

Coal Milling System


Sales

Engineering Facility

Manufacturing Facility

B&W’s Global Presence Worldwide Network to Provide Customers with Local Knowledge,

Responsive Service and Engineered Excellence


What is Waste-to-Energy? Part of an environmentally sound refuse disposal program, WTE is the

combustion of refuse to generate steam for heat, process or power

generation applications

“Energy from what’s left.” After recyclables have been collected, WTE

technologies produce energy from the remaining waste. Post-combustion

metals collection further benefits recycling efforts.

Waste-to-Energy (WTE) was named one of the cleanest sources of energy

by U.S. Environmental Protection Agency

Municipal Solid Waste (MSW) is household, commercial, industrial and

hospital waste

250 M tons MSW annually

250 M tons MSW annually

1 ton of MSW = 1.5 barrels of oil

375 M Barrels of Oil $12.0 Billion Electricity for 12 M Homes

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&uact=8&ved=&url=http://www.marketriders.com/investing/dividend-payments-build-long-term-wealth/&ei=ZnlCVer9AoKmgwSh0oBI&psig=AFQjCNG-NwKx-ywaqdIlmYdaxUz3mIYttw&ust=1430506214227830

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRw&url=http://staticelectricsbrisbane.com.au/7-things-youll-definitely-miss-without-electricity-power/&ei=VHtCVf2CBISXNteugJAO&psig=AFQjCNFXNjytuFSDJ9-Zsc1TCd6vX0vZHQ&ust=1430506702086246

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRw&url=http://www.tradecommodities.co.uk/commodities-slump-after-sharp-dip-in-oil-markets/&ei=U3hCVdbAKYixggT9lYAY&bvm=bv.92189499,d.eXY&psig=AFQjCNGNpNBtnmM6celpMBErb4kMdWvtww&ust=1430505928599959


Destroy Toxins

Reduce Greenhouse

Gases

Recover Metals

Heat, Cool and Power

Converts solid waste

to electricity and/or heat

Divert Waste

from Landfills

Waste-to-Energy for a Sustainable Circular Economy


• World population 7.4 billion and growing at rate of 1.1% (225,000 per day)

• Urban population is 3 billion and growing to 4.3 billion (+43%) by 2025

• Worldwide MSW generation continues to increase

• 35 megacities

• 410 cities with population over 1 million

• Over 50% of municipal waste is biomass, a carbon-neutral energy source recognized as renewable

• In USA, landfills without thermal treatement of waste account for ~30% of methane release

• Regions with WtE have higher recycling rates than regions relying on landfills

We produce nearly 2 billion tons of waste per year worldwide.

By 2050, it is predicted to

reach 4.3 billion.

USA 54% Landfill 34.5% Recycling 12% WTE 2012 data. *Source: US EPA 2014

8 Euro Countries 2% Landfill 52% Recycling 46% WTE 2011 Data. *Source: ERC

Growing Waste Problem


Landfill or Energy from What’s Left

Waste is not only an energy resource!

From 400,000 t/y MSW you can recover:

90 % of metals recovered from the bottom ash

• 10,000 ton metal

Water recovering through flue gas condensation

• 100 million liters of clean water

Bottom ash reused as road material

• 100,000 tons

…it takes between 100 to 1000 years for a plastic bag to be broken down in nature, depending upon the type of plastic, temperature and sort of soil! …we use 150,000 tons of plastic every year!


WTE Market Drivers

• Federal and State level policies

and financial mechanisms

• Methane emissions requirements

(EPA rules 2015) (but likely going away)

• New and existing landfill

regulations (EPA rules 2015)

• Landfill citing and permitting

• Improving technology, and

political and public perception

• Metals recovery

• Growing volume of MSW and

limited landfill capacity

• Methane emissions

• Legislation and country-specific

regulations

• Replacement of aging WTE

capacity with advanced technologies

• Metals recovery

• Energy security

Worldwide USA

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRw&url=http://en.wikipedia.org/wiki/Flag_of_the_United_States&ei=cBVJVZa2H4jRggS_r4GoAg&bvm=bv.92291466,d.eXY&psig=AFQjCNGgJ2Q2ZPv1xbaYU4sPN21EDU5t1w&ust=1430939372049332

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRw&url=http://www.manitowocice.com/minisite/about/globalcapabilities&ei=lRVJVY7GKJGHNrymgKAL&bvm=bv.92291466,d.eXY&psig=AFQjCNEY3-qXt-v0AWoaK5rSeNaZztckGA&ust=1430939407981377


Economics of WTE

Recovering energy from waste

• Electricity sales – revenue on energy recovery - 680 to 750 KWh/ton waste

• Steam sales – revenue on energy recovery - $ 5 /klb steam

• Localize energy production – Lower cost of transmission

• Tipping fees – profit $ 20 to 40 /ton waste (avoidance for corporate interests)

• Beneficial use of ash- aggregate, bricks production, landfill cover

Allowances/ERCs/RECs, Tax Credits

Resilience and disaster remediation – community benefit

Landfill elimination or life extension

• Ex: WPB $200 M for siting and opening landfill

Elimination of expensive landfill permitting process

• Process takes ten years

Metals recovery – revenue on recycled metals

• Ferrous

• Non Ferrous

Social Cost of Carbon $48 /ton

Social Cost of Methane $1500 /ton


PAC

Palm Beach County Renewable Energy Facility #2 Plant Overview


B&W Technologies: Crane-to-Stack

NOx Control

Water-cooled DynaGrate®

Boiler

Particulate Removal

Final Particulate Removal

Dioxin and Furan Control

Heat Recovery

Lower Furnace Protection

Emissions Monitoring

Mercury and SO2 Control

High Efficiency, Very Low Emissions


Palm Beach Renewable Energy Park

• First new WTE plant in U.S. in 20 years • One of the largest WTE facilities in the world • 1.7 million tons of solid waste per year • Electric power capacity: 150 MW gross • Power for more than 85,000 homes • New facility began operation in 2015

‐ Stirling® mass burn boilers (3 X 1000 TPD) ‐ DynaGrate ® traveling grate combustion system ‐ Dry scrubbers, fabric filter, ‐ Tail-end SCR de-NOx system ‐ Continuous measurement including mercury ‐ Metal Recovery O&M services

• More than 200 full-time workers

Palm Beach County (2016)

5% Landfill 36% Recycling 59% WTE *Source: SWA


Achievements and Benefits - Palm Beach County Renewable Energy Facility #2

• Most-advanced WTE plant in North America

• Built by B&W and KBR for SWA of Palm Beach County

• 33,000 tons of metal recovered annually

• Reduced volume sent to landfill by 90%

• Better than zero discharge on water

• Ultra low emissions – lower than permitted requirements

• Lower net CO2 emissions than coal, oil or natural gas

• Net negative GHG profile (CO2, methane)

• Key part of county’s overall recycling, composting and clean energy program

• Supports DISASTER RECOVERY

• LEED certified Visitors Center for community education

• Asset to the community

• Generates electricity for 40,000+ homes

• Generated over 1,000 design, manufacturing and construction jobs

• Operated by more than 70 full-time, highly skilled workers


Waste Fuel v. Natural Gas Emissions

Pollutant

Nitric Oxide

Nitrogen Dioxide

Carbon Monoxide

Sulfur Dioxide

Sulfur Trioxide

Unburned Hydrocarbons

Particulate Matter

Natural Gas Turbine

Exhaust*

20 - 220 PPM++

2 - 20 PPM

5 - 330 PPM

Trace – 100 PPM

Trace – 4 PPM

5 - 300

Trace – 25 PPM

WPB Emissions

Permit

<50 PPM

Included above

<100 PPM

<24 PPM

Not required

< 7 PPM

12 MG/DSCM

WPB Actual Emissions

Test**

30.5 PPM +++

Included above

5 - 24 PPM

10 - 21 PPM

Not Detectable/Trace

0.2 – 2.7 PPM

0.6 – 2.5 MG/DSCM

* All Data Shown For Typical Concentration (Parts Per Million Volume) Except Where Noted

* Natural Gas Data Source: Gas Turbine Emissions and Control, GE Power Systems White Paper

** West Palm Beach REF #2 Data Source: Babcock & Wilcox

** Actual emission test conducted during compliance test three 4 hr. test per unit – 9 total test with range showing high and low measurement under stable full load testing

++ If non attainment area, then SCR required

+++ Additional SCR catalyst and reagent applied if in non attainment area


Waste Fuel v. Natural Gas Emissions

Pollutant

Dioxin/Furan

Trace Metals (Hg)

Trace Metals (Cd)

Trace Metals (Pb)

HCl

HF

WPB Emissions

Permit

< 10 ng/dscm

< 25 𝝁g/dscm

< 10 𝝁g/dscm

< 125 𝝁g/dscm

< 20 ppmdv

No limit set * (<3.5 ppmdv)

WPB Actual Emissions

Test **

0.23 – 0.36 ng/dscm

0.0073 ng/dscm TEQ ++

0.55 - 0.62 𝝁g/dscm

0.26 - 2.54 𝝁g/dscm

0.51 - 8.05 𝝁g/dscm

1.5 - 2.1 ppmdv

0.1 -0.45 ppmdv

* Predicted value < 10ng/dscm - Testing only to verify value

** West Palm Beach REF #2 Data Source: Babcock & Wilcox

** Actual emission test conducted during compliance test three 4 hr. test per unit – 9 total test

with range showing high and low measurement under stable full load testing

++ sum of all the TEQ isomers


B&W Global Experience

Copenhagen (2017): 560,000 t/y Helsingborg (2013): 216,000 t/y Strängnäs (2008): 76,000 t/y, multi-fuel

County Meath (2011): 213,600 t/y Aalborg (2005): 192,000 t/y Trehörningen (2011): 88,000 t/y

Stavanger (2012): 64,000 t/y Kolding (2007): 100,000 t/y Singapore (2016): 384,000 t/y

First WTE plant in 1931. More than 500 lines in the past 84 years.


Proven. Safe. Environmental Benefits.

There are 86 WTE units in the USA,

about 500 in Europe and 1600 in Asia.

Global growth of WTE. Positive trends and drivers. Florida, US facility a showcase.

The Amager Bakke plant in Copenhagen, Denmark is located

only 1.3 miles from the Danish Queen’s palace

The plant will feature an artificial ski slope open to the public.

WTE facilities reduce the amount of

greenhouse gases (expressed as CO2 equivalents) in the

atmosphere by approximately 1 ton

for every ton of MSW combusted.*

*U.S. EPA, Life Cycle Emission Analysis


Strategic Partner for Renewable Energy

• Complete range of proven waste-to-energy and biomass technologies

• Upgrades, services and replacement parts for all manufacturers’ equipment

• Construction integration with material supply for U.S. markets

• A worldwide premier supplier of power generation, industrial and renewable equipment

A leading worldwide provider of power, industrial and renewable products and services with a worldwide installed capacity


Thank you for your attention

Babcock & Wilcox Update - E4 Carolinase4carolinas.org/wp-content/uploads/2016/12/BW_E4Carolinas_Final... · George Babcock, Stephen Wilcox ... Babcock, Wilcox & Company First pulverized

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