KBR's Proprietary Plinke Technology Selected by Kutch Specialities Pvt Ltd, India

Rhea-AI Summary

KBR (NYSE: KBR) has secured a contract with Kutch Specialities Pvt Ltd in India to provide engineering design and advisory services for a grassroots nitrobenzene project. This contract highlights KBR's expertise in producing high-purity nitrobenzene, essential for creating various products like polyurethane foams and pharmaceuticals. The company's patented technology ensures energy efficiency and sustainability in operations. With over 70 years of experience in inorganics, this contract reaffirms KBR's leadership in the purification and processing of strong inorganic acids.

Positive

• Secured a contract with Kutch Specialities Pvt Ltd for a grassroots nitrobenzene project.
• Demonstrates KBR's expertise in high-purity nitrobenzene production.
• Patented technology ensures energy efficiency and environmental sustainability.

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• None.

HOUSTON, July 16, 2020 /PRNewswire/ -- KBR (NYSE: KBR) has been awarded a contract for its proprietary Plinke Adiabatic Nitrobenzene solutions by Kutch Specialities Pvt Ltd, India.

Under the terms of the contract, KBR will provide basic and detailed engineering design, equipment, and related advisory services to Kutch Specialities Pvt Ltd for its grassroots nitrobenzene project in India.

KBR's proven process, patented equipment design, and material selection ensure plant availability and reliability to produce a high purity nitrobenzene with a focus on high energy efficiency and environmental sustainability. Amongst other products, Nitrobenzene is used for the production of polyurethane foams, rubber chemicals, dyes and pharmaceuticals.

"This contract reinforces KBR's process leadership in purification, concentration and processing of strong inorganic acids," said Doug Kelly, KBR President, Technology Solutions. "We are proud to work with Kutch Specialities Pvt Ltd to achieve its business expansion goals safely, reliably and efficiently."

KBR has more than 70 years of experience in inorganics, including processes and technology solutions for crystallization, evaporation and the concentration and purification of strong inorganic acids.

About KBR, Inc.

KBR is a global provider of differentiated professional services and technologies across the asset and program life cycle within the Government Services and Energy sectors. KBR employs approximately 37,000 people worldwide (including our joint ventures), with customers in more than 80 countries and operations in 40 countries, across three synergistic global businesses:

• Government Solutions, serving government customers globally, including capabilities that cover the full life cycle of defense, space, aviation, and other government programs and missions from research and development, through systems engineering, test and evaluation, and program management, to operations, maintenance, and field logistics
• Technology Solutions, featuring proprietary technology, equipment, catalysts, digital solutions and related technical services focused on providing sustainable and value-add solutions for a broad base of industrial, ammonia, and specialty chemicals and inorganics customers
• Energy Solutions, providing services across the asset life cycle to customers globally, including energy transition and efficiency, onshore and offshore oil and gas, LNG/GTL, refining, petrochemicals, chemicals, and fertilizers

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 Statement

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 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; the scope and enforceability of the company's indemnities from its former parent; 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; 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.

KBR'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 KBR has identified that may affect the business, results of operations and financial condition. Except as required by law, KBR undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

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SOURCE KBR, Inc.

FAQ

What contract did KBR recently secure?

KBR secured a contract with Kutch Specialities Pvt Ltd for engineering design and advisory services for a nitrobenzene project in India.

How will KBR's technology benefit the nitrobenzene project?

KBR's patented technology ensures high purity, energy efficiency, and environmental sustainability in the production of nitrobenzene.

What is the significance of this contract for KBR?

This contract reinforces KBR's leadership in the purification and processing of strong inorganic acids and expands its business in India.

What applications does nitrobenzene have?

Nitrobenzene is used in the production of polyurethane foams, rubber chemicals, dyes, and pharmaceuticals.