Babcock & Wilcox Vølund AB
Babcock & Wilcox Vølund AB is an environmental technology company that specializes in flue gas cleaning and flue gas condensation for installations that burn biofuel or incinerate waste. We deliver complete system solutions for flue gas cleaning, water treatment and energy efficiency improvements based on proprietary technology. Our solutions and unique patented technologies help our customers to convert waste and biofuel to heat in an eco-friendly, economical and sustainable manner.
Babcock & Wilcox Vølund AB, previously named Götaverken Miljö AB, has its roots in the Götaverken Group – a major industrial conglomerate that included shipbuilding and boilermaking in Gothenburg, Sweden. Operations were located along the north bank of the river including Lindholmen, home to today's Lindholmen Science Park and our own offices.
Babcock & Wilcox Vølund AB is owned by Babcock & Wilcox Vølund A/S, Danmark (see short facts in the right-hand column). The company was founded in 1988, and the milestones below show the company's background and history:
- 1841: Alexander Keiller starts a mechanical engineering workshop for the manufacture of e.g. steam engines, turbines and bridge structures.
- 1886: "Uddeholm" – the first steam ship is launched
- 1906: Keiller sells the company and the new owner uses the name Götaverken for the first time.
- 1985: The environmental division is formed within Götaverken Energy AB.
- 1988: Götaverken Miljö AB is formed as a separate company focusing on flue gas cleaning, energy recovery and heat pumps.
- 1998: Götaverken Miljö is acquired by the Sixth AP Fund.
- 2001: Development and marketing of ADIOX® technology for dioxin reduction begins.
- 2010: Götaverken Miljö is acquired by Babcock & Wilcox Vølund A/S.
- 2017: Götaverken Miljö is named Babcock & Wilcox Vølund AB.
Babcock & Wilcox Vølund AB has been awarded Risk Class 4 – the second highest creditworthiness level – by UC Risk, the Swedish business and credit information providers.
UC Risk's credit rating system calculates the risk of a company's becoming insolvent within one year, which would mean it is not creditworthy. Insolvency refers to a situation in which a company is not able to meet all of its payment obligations. To make assessing whether this risk is high or low easier, all Swedish companies are classified into risk categories 1 to 5, where 5 denotes the lowest risk of insolvency.
Read more at the UC website.