KBR's Market-Leading Ammonia Technology Selected by AMUFERT, Angola

Rhea-AI Summary

KBR has signed an agreement with AMUFERT to develop a new ammonia plant in Soyo, Angola. The contract includes technology licensing, engineering design, equipment, and catalyst solutions for a 2,300 metric tons per day facility. The project aims to enhance food security and self-sufficiency in Angola and neighboring countries. KBR, a global leader in ammonia technology, has been involved in over 260 grassroot ammonia plants worldwide since 1943.

Positive

• Secured new contract for large-scale ammonia plant development in Angola
• Project scope includes comprehensive technology licensing, engineering design, equipment, and catalyst solutions
• Plant capacity of 2,300 metric tons per day demonstrates significant project scale

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• None.

HOUSTON, Nov. 22, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today that it has signed an agreement with AMUFERT for the development of a new ammonia plant in Soyo, Angola.

Under the terms of the contract, KBR will provide a technology license, proprietary engineering design, equipment and catalyst solutions for AMUFERT's 2,300 metric tons per day ammonia plant. Leveraging KBR's proprietary technologies and expertise in ammonia, the planned facility will assist Angola and its neighboring countries move towards greater food security and self-sufficiency.

"We are thrilled to be a part of this project and support AMUFERT's efforts in accelerating sustainable agriculture in Angola through our leading ammonia technology," said Jay Ibrahim, KBR President, Sustainable Technology Solutions. "KBR has a proud legacy in Angola, and we look forward to working closely with AMUFERT and our partners to ensure the success of this important project."

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 over 260 grassroot ammonia plants worldwide.

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 37,000 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 project 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 capacity of AMUFERT's new ammonia plant that KBR will help develop in Angola?

The new ammonia plant in Soyo, Angola will have a capacity of 2,300 metric tons per day.

How many ammonia plants has KBR (NYSE: KBR) licensed, engineered, or constructed since 1943?

KBR has licensed, engineered, or constructed over 260 grassroot ammonia plants worldwide since 1943.

What services will KBR provide for AMUFERT's ammonia plant project in Angola?

KBR will provide technology licensing, proprietary engineering design, equipment, and catalyst solutions for the ammonia plant.