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News Releases

B&W Awarded Environmental Controls EPC Contract for Alabama Manufacturing Plant

12 April 2012

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) has been awarded a contract to engineer, procure and construct (EPC) environmental control systems for three units at Ascend Performance Materials' Decatur, Ala. manufacturing plant.

B&W will design, supply and install three selective non-catalytic reduction (SNCR) systems for nitrogen oxides control and an industrial baghouse for particulate emissions control. The project scope also includes foundations, structural steel and construction services for the approximately $20 million project. The upgrade will help Ascend's Decatur facility meet the State of Alabama's Best Available Retrofit Technology (BART) environmental standards.

"B&W has the expertise and depth of resources necessary to quickly, efficiently and safely execute industrial EPC contracts and help our customers comply with state and federal emissions standards," B&W PGG President and Chief Operating Officer J. Randall Data said. "We appreciate the confidence Ascend Performance Materials has shown in B&W."

Dale Borths, Vice President, Environmental, Safety, Security and Health for Ascend, added, "We look forward to working with B&W on this important project for Ascend. We are confident that, with B&W's experience and expertise, they can deliver a quality product to our operations at Decatur."

Engineering is underway, and work is scheduled to be completed in December 2012.

About B&W

Headquartered in Charlotte, N.C., The Babcock & Wilcox Company is a leader in clean energy technology and services, primarily for the nuclear, fossil and renewable power markets, as well as a premier advanced technology and mission critical defense contractor. B&W has locations worldwide and employs approximately 12,700 people, in addition to approximately 10,400 joint venture employees. Learn more at www.babcock.com.

About Ascend Performance Materials Operations LLC

Ascend is a global leader in proprietary technologies that are central to the production of nylon, plastics and synthetic fibers found in thousands of commercial and industrial products, including carpet, tires and apparel, as well as agricultural products, animal feed and personal care products. The business has world scale integrated manufacturing facilities which enables it to develop new products from its core technologies, and provides flexibility to respond to the expanding needs of its customers. Ascend has sales offices throughout the world, and five manufacturing facilities in the United States. More information is available at www.ascendmaterials.com. SK Capital Partners are indirect partial owners of Ascend Performance Materials Operations LLC.

Cautionary Statement Regarding Forward Looking Statements

B&W cautions that this release contains forward-looking statements, including statements relating to the scheduled completion of our work on the EPC contract. Forward-looking statements involve a number of risks and uncertainties, including, among other things, delays or other difficulties executing on contracts in backlog. If one or more of these or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, please see B&W's filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2011. B&W cautions not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.