KBR Receives Ammonia Plant Contract - Analyst Blog
April 19 2013 - 1:00PM
Zacks
KBR Inc. (KBR) recently received a contract
from Dyno Nobel, a US-based business of Incitec Pivot Limited, to
provide engineering, procurement and construction (EPC) services
for an ammonia plant to be built in Waggaman, La. In addition, the
contract also includes that KBR will be providing technology
licensing and equipment for the same plant.
The facility having a capacity of producing 800,000 metric tons
of ammonia annually will be deploying KBR’s trusted and tested
PurifierTM technology. This technology will help the facility to
operate with lowest energy consumption. The contract is worth $600
million.
In addition, this contract confirms the fact that KBR is a
trusted leader in the ammonia plant technology. Recently, in order
to strengthen its position in ammonia processing, the company
formed a new technology alliance with Yokogawa Electric Corporation
for a fertilizer automation package.
The strategic tie-up is expected to combine KBR’s ammonia
process technology expertise with Yokogawa's high value-added
process control solutions to streamline the work process, develop
standard configurations and simplify interfaces between various
customers and suppliers.
Since the technology alliance, the contract from Dyno Nobel is
the second contract. Prior to this KBR won a turnaround services
contract from a leading supplier of agricultural products. The
scope of the contract involves providing turnaround services for
the agricultural company’s ammonia furnace revamp and supporting
expansion project in Borger, Texas. The proposed plant turnaround
services are expected to increase efficiencies and operational life
of the furnace that will be designed by KBR.
KBR currently holds a Zacks Rank #3 (Hold). Other stocks worth a
look in the services sector are Chicago Bridge &
Iron (CBI), AECOM Technology Corporation
(ACM) and Jacobs Engineering Group Inc. (JEC); all
having a Zacks Rank #2 (Buy).
AECOM TECH CORP (ACM): Free Stock Analysis Report
CHICAGO BRIDGE (CBI): Free Stock Analysis Report
JACOBS ENGIN GR (JEC): Free Stock Analysis Report
KBR INC (KBR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Jacobs Engineering (NYSE:JEC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Jacobs Engineering (NYSE:JEC)
Historical Stock Chart
From Jul 2023 to Jul 2024