HOUSTON, Oct. 4, 2023
/PRNewswire/ -- KBR (NYSE: KBR) announced today it has signed
a Memorandum of Understanding (MoU) with SolydEra, to offer an
integrated solution for producing lower cost clean ammonia using
renewable energy.
Under the terms of the MoU, KBR will integrate SolydEra's Solid
Oxide Electrolysis (SOE) technology into its proprietary
K-GreeN® process to deliver highly efficient
green ammonia capacity worldwide. The combination of KBR and
SolydEra technologies is expected to deliver the most competitive
levelized costs of carbon-neutral ammonia to accelerate the energy
transition globally.
"We are pleased to work with SolydEra to develop new pathways
for sustainable green ammonia production," said Doug Kelly, KBR President, Technology. "KBR's
innovative zero-carbon green ammonia technology, when integrated
with SolydEra's highly efficient Solid Oxide Electrolyzer, will
drive cost efficiencies needed to make clean ammonia a competitive
energy alternative."
"Ammonia is one of the largest-volume chemicals produced
worldwide and exponential demand growth is expected by the global
energy transition. We are proud to work with KBR, and by providing
SolydEra's innovative SOE technology, we can make a great
contribution for the development of an efficient carbon-neutral
ammonia production system," said Martin Füllenbach, SolydEra's
Chairman and CEO.
KBR has been licensing, designing and engineering ammonia plants
around the world since 1943. Green ammonia is recognized as one of
the most viable options enabling the global transition from fossil
fuels to renewables and can be used directly as a carbon-free
fertilizer, hydrogen transport fuel or chemical.
About KBR
We deliver science, technology and engineering solutions to
governments and companies around the world. KBR employs
approximately 33,000 people performing diverse, complex and
mission-critical roles in 33 countries.
KBR is proud to work with its customers across the globe to
provide technology, value-added services, and long-term operations
and maintenance services to ensure consistent delivery with
predictable results. At KBR, We Deliver.
Visit www.kbr.com
About SolydEra
SolydEra is a key world player in the market of Solid Oxide
Cells, Stacks and Solutions, with the largest annual production
capacity in Europe. Its Solid
Oxide Technology has a proven track record and delivers best in
class performance and durability in both fuel cell and electrolysis
mode. The company has research & development and industrial
manufacturing facilities in Italy,
Switzerland and Australia. Its headquarters is in Trentino Alto Adige, Italy. Read more:
www.solydera.com
Forward Looking Statements
The statements in this press release that are not historical
statements, including statements regarding the potential outcomes
and benefits of the company's MoU with SolydEra and the expected
growth in demand for ammonia, are forward-looking statements within
the meaning of the federal securities laws. These statements are
subject to numerous risks, uncertainties and assumptions, 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, uncertainties and assumptions
include, but are not limited to, those set forth in the company'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, which discuss some of the important risks, uncertainties
and assumptions that the company has identified that may affect its
business, results of operations and financial condition. Due to
such risks, uncertainties and assumptions, you are cautioned not to
place undue reliance on such forward-looking statements, which
speak only as of the date hereof. Except as required by law, the
company undertakes no obligation to revise or update publicly any
forward-looking statements for any reason.
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SOURCE KBR, Inc.