KBR and Avina Enter Into FEED and Technology Licensing Agreement for Sustainable Aviation Fuels

Rhea-AI Summary

KBR (NYSE: KBR) has announced a significant agreement with Avina Clean Hydrogen Inc. for its PureSAF℠ sustainable aviation fuel technology. The contract includes technology licensing, engineering design, and front-end engineering design (FEED) for Avina's facility, which aims to produce 120 million gallons of sustainable aviation fuel (SAF) per year.

Developed by Swedish Biofuels and exclusively licensed by KBR worldwide, PureSAF can produce fully fungible jet fuel from various feedstocks, including ethanol, mixed alcohols, carbon dioxide, and synthesis gas. This marks an expansion of KBR's collaboration with Avina, following the selection of KBR's K-GreeN® technology for Avina's green ammonia project in 2023.

The agreement aligns with KBR's commitment to implementing decarbonization technologies and advancing ESG objectives, as the company celebrates 100 years of offering clean fuel solutions in 2024.

Positive

• KBR secured a contract for technology licensing and engineering design for a 120 million gallon/year SAF facility
• PureSAF technology can produce fully fungible jet fuel from various feedstocks, enhancing versatility
• Expansion of collaboration with Avina, following previous selection of KBR's K-GreeN® technology
• Aligns with KBR's commitment to decarbonization technologies and ESG objectives

Negative

• None.

HOUSTON, Aug. 6, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today that Avina Clean Hydrogen Inc. has selected the sustainable aviation fuel technology, PureSAF℠, for its project in the US. Developed by Swedish Biofuels, PureSAF technology is exclusively licensed by KBR worldwide.

Under the terms of the contract, KBR will provide the technology licensing, proprietary engineering design, and front-end engineering design (FEED) for Avina's facility to produce 120 million gallons of sustainable aviation fuel (SAF) per year.

"PureSAF is an innovative, advanced technology that produces jet fuel that is fully fungible with conventional jet fuel, from a variety of feedstocks at low cost and on an industrial scale," said Angelica Hull, Managing Director of Swedish Biofuels. "In addition to processing ethanol, our technology can also convert mixed alcohols, carbon dioxide, and synthesis gas to SAF, creating pathways for utilizing captured carbon for a cleaner, more sustainable future."

"We are excited to expand our collaboration with Avina as it ventures into the SAF market," said Jay Ibrahim, KBR President, Sustainable Technology Solutions. "In 2023, KBR's K-GreeN^® technology was selected by Avina for its green ammonia project in the US. Avina's leadership in energy transition projects aligns with KBR's commitment to implementing decarbonization technologies to advance ESG objectives. Along with Swedish Biofuels, we look forward to helping Avina diversify into other high-potential sustainable growth sectors."

"We are delighted to select the innovative aviation fuel technology offered by KBR for our ethanol-to-sustainable jet fuel project in Illinois," said Vishal Shah, Chief Executive Officer of Avina Clean Hydrogen. "PureSAF's project-economic advantages, low carbon intensity, and environmental benefits make it an ideal choice compared to other technologies."

KBR remains at the forefront of pioneering decarbonization initiatives, through continuous process innovation and harnessing low-carbon technologies to reduce emissions effectively. In 2024, KBR is celebrating 100 years of offering clean fuel solutions.

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 36,000 people worldwide with customers in more than 80 countries and operations in over 30 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 demand, adoption and benefits of our technologies, growth opportunities and market trends, 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 is the capacity of Avina's planned sustainable aviation fuel facility using KBR's PureSAF technology?

Avina's facility is planned to produce 120 million gallons of sustainable aviation fuel (SAF) per year using KBR's PureSAF technology.

What feedstocks can KBR's PureSAF technology use to produce sustainable aviation fuel?

KBR's PureSAF technology can process ethanol, mixed alcohols, carbon dioxide, and synthesis gas to produce sustainable aviation fuel.

When did Avina previously select KBR's technology for a green ammonia project?

In 2023, Avina selected KBR's K-GreeN® technology for its green ammonia project in the US.

What services will KBR provide to Avina for the sustainable aviation fuel project?

KBR will provide technology licensing, proprietary engineering design, and front-end engineering design (FEED) for Avina's SAF facility.