HOUSTON, Nov. 9, 2023
/PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded
a Front-End Engineering Design (FFED) contract by Fidelis New
Energy for Project Fyrkat, a liquid carbon dioxide (LCO2) receiving
terminal at the Port of Aalborg, Denmark.
Under the terms of the contract, KBR will provide engineering to
support the LCO2 handling and storage facility, as Fidelis New
Energy aims to help global decarbonization.
Project Fyrkat is one of the first onshore CO2 sequestration
facilities, and is part of a larger initiative, Project Norne,
which expects to store more than 20 million tonnes of CO2 per year
by 2030. This equates to around half of all Denmark's yearly emissions. Norne will provide
emitting companies with access to an affordable and safe pathway to
process their CO2 emissions.
"We are extremely pleased to be a part of this significant
liquid carbon dioxide project in Europe," said Jay
Ibrahim, President, KBR Sustainable Technology Solutions.
"KBR's strategic commitment and expertise in energy transition,
coupled with our world-class engineering professionals, enables us
to provide cutting-edge solutions to projects that are the key to
helping our world achieve net-zero carbon emissions."
KBR has successfully delivered similar projects involving liquid
carbon dioxide. KBR understands the intricacies of such projects,
and the criticality in providing a cleaner, more sustainable
world.
"We are thrilled to work with KBR for our receiving
facility due to their extensive experience and expertise with
liquid carbon dioxide, enhancing our ability to service our
clients' marine transported CO2 volumes," added Ulrik Weuder,
Managing Director for Fidelis
Europe. "Fidelis has been working in Denmark for over two years to position the
Norne Carbon Storage Hub as the carbon storage leader in
Europe. Norne will enable emitters
in Northern Europe to decarbonize
both safely and economically."
About KBR
We deliver science, technology and engineering solutions to
governments and companies around the world. KBR employs
approximately 34,000 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 Fidelis New Energy
Fidelis New Energy, LLC is an energy transition company driving
decarbonization through investments in carbon capture and storage,
renewable fuels, and low or negative carbon intensity products
in Europe and the United
States of America. Fidelis utilizes an "all of the above"
energy philosophy with a focus on reducing carbon intensity by
innovating new technologies through the integration of proven
technologies.
Fidelis New Energy is headquartered in Houston,
Texas with offices in Copenhagen, Denmark (European
Headquarters), and Baton Rouge, Louisiana. Fidelis also has a portfolio of
patent pending technologies providing climate benefits through the
innovative integration of proven technologies. To learn more about
Fidelis and its technologies, including FidelisH2®, H2PowerCool™,
and CO2PowerGrow™ please
visit http://www.fidelisnewenergy.com/.
Forward Looking Statements
The statements in this press release that are not historical
statements, including statements regarding the company's contract
with Fidelis New Energy, 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.