KBR and Avina Enter Into FEED and Technology Licensing Agreement for Sustainable Aviation Fuels
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.
KBR (NYSE: KBR) ha annunciato un accordo significativo con Avina Clean Hydrogen Inc. per la sua tecnologia di combustibile aereo sostenibile PureSAF℠. Il contratto comprende licenza tecnologica, progettazione ingegneristica e progettazione ingegneristica preliminare (FEED) per l'impianto di Avina, che mira a produrre 120 milioni di galloni di combustibile aereo sostenibile (SAF) all'anno.
Sviluppata da Swedish Biofuels e concessa in licenza esclusiva da KBR in tutto il mondo, PureSAF può produrre carburante per jet completamente fungibile da vari materiali di partenza, inclusi etanolo, alcol misti, anidride carbonica e gas di sintesi. Questo segna un'estensione della collaborazione di KBR con Avina, dopo la selezione della tecnologia K-GreeN® di KBR per il progetto di ammoniaca verde di Avina nel 2023.
L'accordo è in linea con l'impegno di KBR nell'implementazione di tecnologie di decarbonizzazione e nel progresso degli obiettivi ESG, mentre l'azienda celebra 100 anni di offerta di soluzioni di combustibile pulito nel 2024.
KBR (NYSE: KBR) ha anunciado un acuerdo significativo con Avina Clean Hydrogen Inc. para su tecnología de combustible de aviación sostenible PureSAF℠. El contrato incluye licencias de tecnología, diseño de ingeniería y diseño de ingeniería preliminar (FEED) para la instalación de Avina, que tiene como objetivo producir 120 millones de galones de combustible sostenible para aviación (SAF) al año.
Desarrollado por Swedish Biofuels y licenciado exclusivamente por KBR a nivel mundial, PureSAF puede producir combustible de avión totalmente fungible a partir de diversas materias primas, incluidos etanol, alcoholes mixtos, dióxido de carbono y gas de síntesis. Esto marca una expansión de la colaboración de KBR con Avina, tras la selección de la tecnología K-GreeN® de KBR para el proyecto de amoníaco verde de Avina en 2023.
El acuerdo está alineado con el compromiso de KBR de implementar tecnologías de descarbonización y avanzar en los objetivos ESG, mientras la empresa celebra 100 años de ofrecer soluciones de combustible limpio en 2024.
KBR (NYSE: KBR)는 Avina Clean Hydrogen Inc.와 자사의 지속 가능한 항공 연료 기술인 PureSAF℠에 대한 중요한 계약을 체결했다고 발표했습니다. 이 계약은 Avina의 시설을 위한 기술 라이센스, 엔지니어링 디자인 및 프론트 엔드 엔지니어링 디자인(FEED)을 포함하며, 연간 1억 2천만 갤런의 지속 가능한 항공 연료(SAF)를 생산하는 것을 목표로 하고 있습니다.
스웨덴 바이오연료에서 개발하고 KBR에 의해 전 세계적으로 독점 라이센스가 부여된 PureSAF는 에탄올, 혼합 알콜, 이산화탄소 및 합성가스를 포함한 다양한 원료로부터 전량 교환 가능한 항공 연료를 생산할 수 있습니다. 이는 2023년에 Avina의 녹색 암모니아 프로젝트를 위한 KBR의 K-GreeN® 기술 선택 이후 Avina와의 KBR 협력 확장을 의미합니다.
이 계약은 KBR이 탄소 배출 절감을 위한 기술을 구현하고 ESG 목표를 추진하겠다는 약속에 부합하며, 회사는 2024년에 청정 연료 솔루션을 제공한 지 100주년을 맞이합니다.
KBR (NYSE: KBR) a annoncé un accord significatif avec Avina Clean Hydrogen Inc. pour sa technologie de carburant d'aviation durable PureSAF℠. Le contrat comprend licences technologiques, conception d'ingénierie et conception d'ingénierie en amont (FEED) pour l'établissement d'Avina, qui vise à produire 120 millions de gallons de carburant d'aviation durable (SAF) par an.
Développée par Swedish Biofuels et exclusivement licenciée par KBR dans le monde entier, PureSAF peut produire du carburant d'aviation entièrement fongible à partir de différentes matières premières, notamment l'éthanol, les alcools mixtes, le dioxyde de carbone et le gaz de synthèse. Cela marque une expansion de la collaboration de KBR avec Avina, suite à la sélection de la technologie K-GreeN® de KBR pour le projet d'ammoniac vert d'Avina en 2023.
L'accord s'inscrit dans l'engagement de KBR à mettre en œuvre des technologies de décarbonisation et à faire progresser les objectifs ESG, alors que l'entreprise célèbre 100 ans de solutions de carburant propre en 2024.
KBR (NYSE: KBR) hat eine bedeutende Vereinbarung mit Avina Clean Hydrogen Inc. für seine nachhaltige Flugkraftstofftechnologie PureSAF℠ bekannt gegeben. Der Vertrag umfasst Technologielizenzen, Ingenieurdienstleistungen und Front-End-Engineering-Design (FEED) für Avinas Anlage, die jährlich 120 Millionen Gallonen nachhaltigen Flugkraftstoff (SAF) produzieren soll.
PureSAF, das von Swedish Biofuels entwickelt und weltweit exklusiv von KBR lizenziert wird, kann voll fungierbaren Jetkraftstoff aus verschiedenen Rohstoffen, einschließlich Ethanol, Mischalkoholen, Kohlendioxid und Synthesegas, produzieren. Dies stellt eine Erweiterung der Zusammenarbeit von KBR mit Avina dar, nachdem im Jahr 2023 die K-GreeN®-Technologie von KBR für Avinas grünes Ammoniakprojekt ausgewählt wurde.
Die Vereinbarung steht im Einklang mit KBRs Engagement für die Umsetzung von Dekarbonisierungstechnologien und die Förderung von ESG-Zielen, während das Unternehmen 2024 100 Jahre saubere Kraftstofflösungen feiert.
- 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
- None.
Insights
KBR's agreement with Avina for the PureSAF℠ technology marks a significant step in the sustainable aviation fuel (SAF) market. The planned 120 million gallons per year facility demonstrates a substantial commitment to scaling SAF production. This move aligns with the growing demand for cleaner aviation fuels and stringent environmental regulations.
The versatility of PureSAF in processing various feedstocks, including ethanol, mixed alcohols, CO2 and synthesis gas, positions it as a flexible solution for the evolving SAF landscape. This adaptability could provide a competitive edge in a rapidly changing market. The emphasis on
For investors, this deal represents KBR's strengthening position in the green technology sector, potentially leading to long-term revenue streams through licensing and engineering services. However, the SAF market is becoming increasingly competitive and the success of this venture will depend on factors such as feedstock availability, production efficiency and regulatory support for SAF adoption.
While specific financial terms weren't disclosed, this agreement could significantly impact KBR's future revenue streams. The deal encompasses technology licensing, engineering design and FEED services, potentially providing a multi-faceted income source. KBR's expansion in the SAF market, following its involvement in Avina's green ammonia project, demonstrates a strategic diversification of its sustainable technology portfolio.
Investors should note that the SAF market is projected to grow substantially, driven by increasing airline commitments and regulatory pressures. KBR's position as the exclusive global licensor of PureSAF technology could translate into a strong competitive advantage and recurring licensing revenues. However, the capital-intensive nature of SAF projects and potential volatility in feedstock prices could pose risks to project economics and adoption rates.
KBR's centennial celebration in clean fuel solutions underscores its long-standing expertise, which could be a key differentiator in attracting future partnerships and projects in the burgeoning sustainable fuel market.
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
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
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SOURCE KBR, Inc.
FAQ
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