KBR Acquires Acetica℠ - a Carbon Utilization Technology

Rhea-AI Summary

KBR (NYSE: KBR) announced on March 23, 2023, its acquisition of Acetica℠, a technology for acetic acid production. This acquisition enhances KBR's petrochemicals value chain by integrating CO2 utilization into the production of high-value chemicals like Vinyl Acetate Monomer (VAM). VAM is essential for sustainable coatings and adhesives, contributing to a net-zero transition. KBR is the only independent global licensor of this acetic acid technology. The company aims to provide sustainable solutions in the syngas and acetyls value chains and capitalize on carbon capture monetization for its clients.

Positive

• Acquisition of Acetica enhances KBR's petrochemicals value chain.
• Integration of CO2 utilization enables production of high-value chemicals.
• KBR is the only global independent licensor of acetic acid technology.
• Potential revenue growth from sustainable products like Vinyl Acetate Monomer.

Negative

• None.

HOUSTON, March 23, 2023 /PRNewswire/ -- KBR (NYSE: KBR) announced today that it has acquired Acetica℠, an acetic acid production technology, which expands KBR's petrochemicals value chain through a profitable pathway for CO2 utilization.

This technology will enable the back-integration of CO2 from carbon capture to produce high value chemicals such as Vinyl Acetate Monomer (VAM), which is a key ingredient in sustainable coatings, adhesives, and other materials that support a net-zero transition. KBR is the only independent global licensor of acetic acid technology.

"KBR is continuing to expand its wide spectrum of sustainable technology solutions in the syngas and acetyls value chains," said Doug Kelly, KBR President, Technology. "As the only independently available acetic acid technology in the global market today, KBR's Acetica enables clients to monetize captured carbon through the production of sustainable high-value products used in our daily lives."

KBR has been a leader in process technology development, commercialization, and plant design solutions for over 50 years.

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 30,000 people performing diverse, complex and mission-critical roles in 34 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 financial performance, 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.

FAQ

What technology did KBR acquire on March 23, 2023?

KBR acquired Acetica℠, a technology for acetic acid production.

How does KBR's acquisition of Acetica impact CO2 utilization?

The acquisition allows KBR to utilize CO2 captured from industrial processes to produce high-value chemicals.

What benefits does the Acetica technology offer to KBR?

It expands KBR's petrochemicals value chain and enables the production of sustainable materials for a net-zero transition.

What is Vinyl Acetate Monomer (VAM), and why is it important?

VAM is a key ingredient used in producing sustainable coatings and adhesives, contributing to environmentally friendly practices.

Is KBR the only company offering acetic acid technology?

Yes, KBR is the only independent global licensor of acetic acid technology.