HOUSTON, March 1, 2023 /PRNewswire/ — KBR (NYSE: KBR) introduced at this time that its ammonia know-how has been chosen for a large-scale a million tons each year low-carbon ammonia facility within the Middle East GCC area. 

Under the phrases of the contract, KBR will present the know-how license, fundamental engineering design, proprietary gear and catalyst for the low-carbon ammonia plant. The challenge reinforces the area’s focus to emerge as a frontrunner in low-carbon fuels by capitalizing on ammonia as a vector for clear hydrogen.

“We are honored that our leading low-carbon ammonia technology has been selected for this world-scale energy transition project,” stated Doug Kelly, KBR President, Technology. “This project will be amongst the first large energy transition projects to come onstream in the world and we are excited to be part of this journey with several global industry leaders.”

KBR is the world chief in ammonia know-how with roughly 50% market share of licensed capability. Since 1943, KBR has licensed, engineered, or constructed over 250 grassroot ammonia crops worldwide.

About KBR

We ship science, know-how and engineering options to governments and firms all over the world. KBR employs roughly 30,000 folks performing various, complicated and mission-critical roles in 34 nations.

KBR is proud to work with its clients throughout the globe to supply know-how, value-added providers, and long-term operations and upkeep providers to make sure constant supply with predictable outcomes. At KBR, We Deliver.

Visit www.kbr.com  

Forward Looking Statement

The statements on this press launch that aren’t historic statements, together with statements relating to future monetary efficiency, are forward-looking statements throughout the which means of the federal securities legal guidelines. These statements are topic to quite a few dangers and uncertainties, lots of that are past the corporate’s management that would trigger precise outcomes to vary materially from the outcomes expressed or implied by the statements. These dangers and uncertainties embody, however aren’t restricted to: the continuing battle between Russia and Ukraine and the associated impacts on our enterprise as we wind down our enterprise operations in Russia; the potential antagonistic financial and market circumstances, comparable to rate of interest and foreign money alternate charge fluctuations, together with because of pandemics comparable to COVID-19; the latest dislocation of the worldwide power market; the corporate’s skill to handle its liquidity; the result of and the publicity surrounding audits and investigations by home and overseas authorities businesses and legislative our bodies; potential antagonistic proceedings by such businesses and potential antagonistic outcomes and penalties from such proceedings; adjustments in capital spending by the corporate’s clients; the corporate’s skill to acquire contracts from present and new clients and carry out beneath these contracts; structural adjustments within the industries during which the corporate operates; escalating prices related to and the efficiency of fixed-fee tasks and the corporate’s skill to regulate its value beneath its contracts; claims negotiations and contract disputes with the corporate’s clients; adjustments within the demand for or value of oil and/or pure gasoline; safety of mental property rights; compliance with environmental legal guidelines; adjustments in authorities laws and regulatory necessities; compliance with legal guidelines associated to earnings taxes; unsettled political circumstances, battle and the results of terrorism; overseas operations and overseas alternate charges and controls; the event and set up of economic programs; the opportunity of cyber and malware assaults; elevated competitors for workers; the power to efficiently full and combine acquisitions; and operations of joint ventures, together with joint ventures that aren’t managed by the corporate.

The firm’s most not too long ago filed Annual Report on Form 10-Ok, any subsequent Form 10-Qs and 8-Ks, and different U.S. Securities and Exchange Commission filings talk about a few of the necessary threat components that the corporate has recognized that will have an effect on its enterprise, outcomes of operations and monetary situation. Except as required by regulation, the corporate undertakes no obligation to revise or replace publicly any forward-looking statements for any cause.

SOURCE KBR, Inc.