HOUSTON, Jan. 8, 2024
/PRNewswire/ -- KBR (NYSE: KBR) announced today that its
K-GreeN® technology has been selected by a consortium
consisting of Lotte Chemical, KNOC (Korea National Oil Corp) and
Samsung Engineering for Lotte Chemical's H2biscus green ammonia
project development in Sarawak,
Malaysia.
Under the terms of the contract, KBR will provide technology
license and proprietary engineering design to Lotte Chemical for
its green ammonia project that will produce 800 KTA of green
ammonia from hydropower.
"We are pleased to work with Lotte Chemical and support their
energy transition objectives with our zero-carbon
K-GreeN® technology," said Doug
Kelly, KBR President, Technology. "KBR is a leader in
advancing clean hydrogen technologies and solutions, and green
ammonia is a key enabler to achieving global net zero targets. Our
green ammonia solutions and complementary technologies such as
H2ACT make KBR the preferred technology licensors for major energy
transition projects around the world."
KBR is a world leader in ammonia technology and has been at the
forefront of innovation in the ammonia market for decades. Since
1943, KBR has licensed, engineered, or constructed more than 250
grassroot ammonia plants worldwide.
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
Forward Looking Statements
The statements in this press release that are not historical
statements, including statements regarding future demand for the
company's technologies, 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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/kbr-green-ammonia-technology-selected-by-lotte-chemical-corporation-for-h2biscus-project-in-malaysia-302027510.html
SOURCE KBR, Inc.