B&W Environmental to Supply Highly Efficient Cooling Technology for Pulp Mill in Brazil

Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Environmental segment will design and supply its highly efficient SPIG S.p.A. cooling towers for a pulp mill operated by LD Celulose S.A. in the Triângulo Mineiro region in Brazil. The contract is valued at approximately $2 million.

LD Celulose S.A. is a joint venture between the Austria-based Lenzing Group and the Brazil-based Duratex. The plant will produce 500,000 tons of soluble cellulose annually.

“B&W Environmental’s specialized SPIG cooling solutions can be tailored for the needs of the pulp & paper industry and for soluble cellulose production,” said SPIG Managing Director Alberto Galantini. “We see a growing market for our services in South America, especially in Brazil.”

“For this project, we will provide SPIG cooling tower cells with concrete structures, engineered to meet our customer’s specifications,” Galantini said. “We thank LD Celulose for this opportunity and look forward to a

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Brazil moves toward transfer of deforestation and fire monitoring to military

  • In a recent announcement, Brazilian Vice President Hamilton Mourão defended the creation of a new agency that would have full authority over Amazon deforestation and fire monitoring satellite alerts. For three decades, INPE, Brazil’s civilian space agency, has held that role, making data publicly available.
  • The VP claims INPE satellite monitoring is outdated and doesn’t see through clouds. Critics of the government note that the space institute’s Prodes and Deter systems continue to provide excellent data on Amazon fires and deforestation, usable for enforcement, while clouds matter little in the dry season when most fires occur.
  • Critics contend that multiple moves by the government to disempower INPE are likely ways of denying transparency, ending INPE’s civil authority, and placing deforestation and fire monitoring satellites under secretive military control.
  • So far, an effort to fund new military satellites has failed. Meanwhile, Norway has partnered with the companies Planet and Airbus to
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Looking Beyond China’s High-Flying Tech Stocks? Try Brazil and India.

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Emerging-market tech stocks, concentrated in China, have held up better than their U.S. counterparts in the recent market correction.  The Emerging Markets Internet & Ecommerce exchange-traded fund (ticker: EMQQ) has fallen 9% since Sept. 1, compared to 13% for the iShares U.S. Technology ETF (IYW). Year-to-date, the emerging market ETF is up 44%, against 23% for the U.S. tech basket.  

That’s giving emerging-market investors something to brag about after years of under-performance, but also got them looking beyond the high-flying Chinese internet for future returns. “We’ve been trying to maintain some more balance, not go all in on the Chinese tech names,” says Brian Bandsma, emerging market equities portfolio manager at

Vontobel

Quality Growth. 

Twin Chinese giants Alibaba Group Holding (BABA) and

Tencent Holdings

(700.Hong Kong) still look to be on solid ground, despite year-to-date gains of 26% and 34%, respectively. They remain cheap relative to U.S. peers.

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