HOUSTON, Nov. 12, 2019 /PRNewswire/ -- KBR (NYSE: KBR)
announced that its market-leading ROSE® solvent
de-asphalting (SDA) process will be integrated with LC-MAX
technology, an advanced, patented, ebullated-bed residue upgrading
process from Chevron Lummus Global (CLG) to assist Hindustan
Petroleum Corporation Limited (HPCL)'s modernization at the Visakh
refinery residue upgrading project in India.
Under the terms of the contract, KBR will provide CLG the
technology licensing, basic engineering design and proprietary
equipment for the ROSE SDA portion of the LC-MAX unit. ROSE is a
cost-effective residue upgrading process that allows refiners to
upgrade a larger proportion of their low-value residue streams into
high-value products and gives clients the flexibility to respond to
market developments in fuel, lube and petrochemical applications as
well as reduce the environmental footprint of their products.
"We are proud to announce this latest project award for KBR's
world-leading ROSE process," said Doug
Kelly, KBR President, Technology Solutions. "Our innovative
ROSE technology integrated with the LC-MAX ebullated-bed
hydrocracking process is an attractive economic solution and will
enhance the overall refinery profitability."
KBR continuously updates ROSE technology with multiple flow
schemes for optimum integration with new and existing refineries.
The company has been awarded more than 60 ROSE licenses with a
combined licensed capacity of nearly 1.6 million BPSD with many
repeat licensees.
About KBR, Inc.
KBR is a global provider of differentiated professional services
and technologies across the asset and program lifecycle within the
Government Solutions and Energy sectors. KBR employs approximately
38,000 people worldwide (including our joint ventures), with
customers in more than 80 countries, and operations in 40
countries, across three synergistic global businesses:
- Government Solutions, serving government customers globally,
including capabilities that cover the full lifecycle of defense,
space, aviation and other government programs and missions from
research and development, through systems engineering, test and
evaluation, program management, to operations, maintenance, and
field logistics
- Technology Solutions, featuring proprietary technology,
equipment, catalysts, digital solutions and related technical
services for the monetization of hydrocarbons, including refining,
petrochemicals, ammonia and specialty chemicals, as well as
inorganics
- Energy Solutions, including onshore oil and gas; LNG
(liquefaction and regasification)/GTL; oil refining;
petrochemicals; chemicals; fertilizers; differentiated EPC;
maintenance services (Brown & Root Industrial Services);
offshore oil and gas (shallow-water, deep-water, subsea); floating
solutions (FPU, FPSO, FLNG & FSRU); program management and
consulting services
KBR is proud to work with its customers across the globe to
provide technology, value-added services, integrated EPC delivery
and long term operations and maintenance services to ensure
consistent delivery with predictable results. At KBR, We
Deliver.
Visit www.kbr.com
Forward Looking Statement
The statements in this press release that are not historical
statements, including statements regarding future financial
performance, are forward-looking statements within the meaning of
the federal securities laws. These statements are subject to
numerous risks and uncertainties, many of which are beyond the
company's control that could cause actual results to differ
materially from the results expressed or implied by the statements.
These risks and uncertainties include, but are not limited to: the
outcome of and the publicity surrounding audits and investigations
by domestic and foreign government agencies and legislative bodies;
potential adverse proceedings by such agencies and potential
adverse results and consequences from such proceedings; the scope
and enforceability of the company's indemnities from its former
parent; changes in capital spending by the company's customers; the
company's ability to obtain contracts from existing and new
customers and perform under those contracts; structural changes in
the industries in which the company operates; escalating costs
associated with and the performance of fixed-fee projects and the
company's ability to control its cost under its contracts; claims
negotiations and contract disputes with the company's customers;
changes in the demand for or price of oil and/or natural gas;
protection of intellectual property rights; compliance with
environmental laws; changes in government regulations and
regulatory requirements; compliance with laws related to income
taxes; unsettled political conditions, war and the effects of
terrorism; foreign operations and foreign exchange rates and
controls; the development and installation of financial systems;
increased competition for employees; the ability to successfully
complete and integrate acquisitions; and operations of joint
ventures, including joint ventures that are not controlled by the
company.
KBR's most recently filed Annual Report on Form 10-K, any
subsequent Form 10-Qs and 8-Ks, and other U.S. Securities and
Exchange Commission filings discuss some of the important risk
factors that KBR has identified that may affect the business,
results of operations and financial condition. Except as required
by law, KBR undertakes no obligation to revise or update publicly
any forward-looking statements for any reason.
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SOURCE KBR, Inc.