KBR's Blue Ammonia Technology Selected for Shell Blue Horizons Project in Oman

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.

News Market Reaction

+1.03%

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+1.03% News Effect

On the day this news was published, KBR gained 1.03%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HOUSTON, July 22, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today its blue ammonia technology has been selected by Shell for its Blue Horizons low-carbon hydrogen and ammonia project in Duqm, Oman. The facility will utilize KBR's leading ammonia synthesis loop technology to deliver cost-competitive and low-carbon intensity ammonia.

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 Oman and contribute towards achieving Oman's Vision 2040 targets," said Jay Ibrahim, President, KBR Sustainable Technology Solutions. "Our blue ammonia technology allows our clients to implement their energy transition projects with a cost-competitive solution at the lowest carbon intensity."

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 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 Blue Horizons project that KBR's technology was selected for?

The Blue Horizons project is Shell's low-carbon hydrogen and ammonia project located in Duqm, Oman. KBR's blue ammonia technology was selected for this project to produce cost-competitive and low-carbon intensity ammonia.

What is the capacity of the ammonia plant KBR is designing for Shell's Blue Horizons project?

KBR is providing licensed proprietary engineering design for a 3,000 metric tons per day ammonia plant as part of Shell's Blue Horizons project in Oman.

How many ammonia plants has KBR been involved with since 1943?

Since 1943, KBR has licensed, engineered, or constructed nearly 260 grassroot ammonia plants worldwide, demonstrating their long-standing expertise in ammonia technology.

What is KBR's stock symbol?

KBR's stock symbol is NYSE: KBR.