KBR Awarded EPC Contract for Molycorp Chlor-Alkali Project

KBR (NYSE: KBR) today announced that it has been awarded an engineering, procurement and construction (EPC) contract by a wholly owned subsidiary of Molycorp (NYSE: MCP) to build a new Chlor-Alkali plant as part of Molycorp’s Project Phoenix. The Chlor-Alkali plant construction is one of various projects that make up Molycorp’s estimated $781 million program to reactivate the company’s rare earth oxides (REO) mine, and expand and modernize its flagship rare earth facility in Mountain Pass, Calif. Molycorp is the Western hemisphere's only producer of REO.

KBR will build upon its existing global experience in chlorine products to construct a facility implementing the Chlor-Alkali process, an important part of the modernization of Molycorp’s rare earth manufacturing facility.

“Rare earth oxides or ‘green elements’ are critical to enabling the many advanced technologies on which our future depends,” said John Quinn, President, Downstream. “We look forward to building upon our current expertise in the Chlor-Alkali industry and continuing our work with Molycorp on this project."

KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power, industrial, and commercial markets. For more information, visit www.kbr.com.

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