KBR Awarded Contract to Reduce Emissions and Increase Plant Productivity
KBR (NYSE: KBR) has secured a contract from Deepak Fertilizers and Petrochemicals Corporation Ltd. (DFPCL) to enhance production capacity and reduce emissions at three of its plants. This partnership aims to modernize existing assets while supporting DFPCL’s sustainability goals. KBR has a longstanding relationship with DFPCL, having licensed 76 nitric acid plants globally. The firm is notable for its leading technology in the U.S. market and employs around 28,000 people across 34 countries, focusing on innovative engineering solutions.
- Awarded a contract to enhance production and reduce emissions at DFPCL plants.
- Long-standing relationship with DFPCL, indicating trust and stability.
- KBR has licensed 76 nitric acid plants globally, showcasing its expertise and market presence.
- None.
HOUSTON, Nov. 7, 2022 /PRNewswire/ -- KBR (NYSE: KBR) announced today that it has been awarded a contract by Deepak Fertilizers and Petrochemicals Corporation Ltd. (DFPCL) to help three DFPCL plants achieve lower emissions and simultaneously increase production capacity.
"We have a long-standing relationship with DFPCL and are pleased to help them modernize their existing assets and lower their carbon-footprint," said Doug Kelly, president of KBR Technology. "We are confident that these plants will continue to contribute towards DFPCL's business and ESG objectives."
DFPCL is among India's leading manufacturers of industrial chemicals and fertilizers. With a strong presence in technical ammonium nitrate (mining chemicals), industrial chemicals and crop nutrition, DFPCL supports critical economic sectors such as infrastructure, mining, chemicals, pharmaceuticals and agriculture.
"Deepak Fertilizers has prioritized safety, sustainability, efficiency and reliability as the most important parameters for its nitric acid manufacturing operations and targets to establish global benchmark," said Mukul Agrawal, President of Operations at DFPCL. "We are very pleased with the close collaboration and technology support provided by KBR, which helps us continually improve the performance of our nitric acid plants. DFPCL is also working on capacity enhancement of its remaining plants in a phased manner."
Since 1954, KBR has licensed 76 grassroots nitric acid plants globally. KBR nitric acid is the No. 1 technology in the demanding U.S. market.
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 28,000 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
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 and uncertainties, 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 and uncertainties include, but are not limited to: the significant adverse impacts on economic and market conditions of the COVID-19 pandemic and the company's ability to respond to the resulting challenges and business disruption; the recent dislocation of the global energy market; the company's ability to manage its liquidity; the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies; potential adverse proceedings by such agencies and potential adverse results and consequences from such proceedings; changes in capital spending by the company's customers; the company's ability to obtain contracts from existing and new customers and perform under those contracts; structural changes in the industries in which the company operates; escalating costs associated with and the performance of fixed-fee projects and the company's ability to control its cost under its contracts; claims negotiations and contract disputes with the company's customers; changes in the demand for or price of oil and/or natural gas; protection of intellectual property rights; compliance with environmental laws; changes in government regulations and regulatory requirements; compliance with laws related to income taxes; unsettled political conditions, war and the effects of terrorism; foreign operations and foreign exchange rates and controls; the development and installation of financial systems; the possibility of cyber and malware attacks; increased competition for employees; the ability to successfully complete and integrate acquisitions; and operations of joint ventures, including joint ventures that are not controlled by the company.
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 discuss some of the important risk factors that the company has identified that may affect its business, results of operations and financial condition. 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.
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