KBR's Blue Ammonia Technology Selected for Shell Blue Horizons Project in Oman
KBR (NYSE: KBR) has announced that its blue ammonia technology has been chosen by Shell for the Blue Horizons low-carbon hydrogen and ammonia project in Duqm, Oman.
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Rhea-AI Summary
KBR (NYSE: KBR) has announced that its blue ammonia technology has been chosen by Shell for the Blue Horizons low-carbon hydrogen and ammonia project in Duqm, Oman. The facility will use KBR's ammonia synthesis loop technology to produce cost-competitive, low-carbon intensity ammonia. KBR will provide licensed proprietary engineering design for a 3,000 metric tons per day ammonia plant, utilizing hydrogen produced by Shell's Blue Hydrogen technology.
Jay Ibrahim, President of KBR Sustainable Technology Solutions, expressed excitement about contributing to Oman's Vision 2040 targets. KBR has been a leader in ammonia technology for decades, having licensed, engineered, or constructed nearly 260 grassroot ammonia plants worldwide since 1943.
Positive
- KBR's blue ammonia technology selected for a major project with Shell in Oman
- Contract includes providing licensed proprietary engineering design for a 3,000 metric tons per day ammonia plant
- KBR's technology aims to deliver cost-competitive and low-carbon intensity ammonia
- Project aligns with Oman's Vision 2040 targets, potentially opening more opportunities in the region
Negative
- None.
Details
News Market Reaction – KBR
The recorded move for KBR in the trading session of this news was +1.03%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Under the terms of the contract, KBR will provide licensed proprietary engineering design for the 3,000 metric tons per day ammonia plant utilizing hydrogen produced by Shell's Blue Hydrogen technology.
"We are excited to work with Shell on this breakthrough project in
KBR is a world leader in ammonia technology and has been at the forefront of innovation in the ammonia market for decades. Since 1943, KBR has licensed, engineered, or constructed nearly 260 grassroot ammonia plants worldwide.
About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 35,000 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 future contractual 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
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SOURCE KBR, Inc.
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