KBR's Market-Leading Ammonia Technology Selected by KazAzot, Kazakhstan

Rhea-AI Summary

KBR (NYSE: KBR) has been selected to provide its ammonia technology for Kazakhstan's first world-scale fertilizer complex. The company will deliver a technology license, proprietary engineering design, equipment, and catalyst solutions for KazAzot's 2,000 metric tons per day ammonia plant in Aktau. The project aims to address food security needs in Kazakhstan and neighboring countries.

KBR's PurifierTM ammonia technology is designed to provide enhanced operational efficiency and lower carbon footprint compared to conventional technologies. The company has licensed, engineered, or constructed over 260 grassroot ammonia plants worldwide since 1943.

Positive

• Secured new contract for large-scale ammonia plant technology in Kazakhstan
• Project strengthens KBR's position in the growing Central Asian market
• Demonstrates continued market leadership in ammonia technology with over 260 plants worldwide

Negative

• None.

HOUSTON, Dec. 18, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today that its ammonia technology has been selected by KazAzot for Kazakhstan's first world-scale fertilizer complex.

KBR will provide a technology license, proprietary engineering design, equipment, and catalyst solutions for KazAzot's 2,000 metric tons per day ammonia plant to be built in Aktau. Through implementation of this project, KazAzot will address the food security needs of Kazakhstan and other neighboring countries.

"We are excited to support KazAzot in the development of this fertilizer facility in Kazakhstan and offer our innovative solutions for increasing self-reliance," said Jay Ibrahim, President, KBR Sustainable Technology Solutions. "KBR's leading Purifier^TM ammonia technology seeks to deliver enhanced operational efficiency and a lower carbon footprint compared to conventional technologies."

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 financial performance and project outcomes, 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 KazAzot's new ammonia plant using KBR technology?

The new ammonia plant in Aktau, Kazakhstan, will have a capacity of 2,000 metric tons per day.

How many ammonia plants has KBR licensed or constructed globally?

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

What are the key benefits of KBR's PurifierTM ammonia technology?

KBR's PurifierTM ammonia technology offers enhanced operational efficiency and a lower carbon footprint compared to conventional technologies.

What is the significance of the KazAzot project for Kazakhstan?

This project represents Kazakhstan's first world-scale fertilizer complex and aims to address food security needs for Kazakhstan and neighboring countries.