KBR Signs Technology Contract for Sustainable Textile Fiber Plant in Sweden
KBR has announced a technology contract with TreeToTextile AB to build a sustainable textile fibers demonstration plant in Nymölla, Sweden. The agreement involves KBR providing technology licensing, engineering, and proprietary equipment for a chemicals recovery unit. This unit will enable the sustainable reuse of valuable chemicals through KBR's innovative Ecoplanning solutions. KBR's President, Doug Kelly, emphasized the company's commitment to expanding its sustainable technology portfolio.
- KBR signed a technology contract for a sustainable textile fibers plant with TreeToTextile AB.
- KBR will provide technology licensing, engineering, and proprietary equipment, enhancing its sustainable solutions portfolio.
- The project aims to recycle valuable chemicals sustainably, aligning with ESG objectives.
- None.
HOUSTON, Aug. 4, 2021 /PRNewswire/ -- KBR (NYSE: KBR) announced today that it has signed a technology contract for a sustainable textile fibers demonstration plant to be built by TreeToTextile AB in Nymölla, Sweden.
KBR will provide technology license, engineering, proprietary equipment, and commissioning services for the chemicals recovery unit of the project, which will enable TreeToTextile to efficiently and sustainably reuse valuable chemicals through KBR Ecoplanning® innovative solutions.
"We are honored to support this exciting project by TreeToTextile for producing a highly sustainable low-cost textile fiber using renewable forest materials," said Doug Kelly, KBR President, Technology. "KBR is committed to expanding its sustainable technologies portfolio to help our clients balance their business and ESG objectives."
KBR Ecoplanning has over 50 years of experience in state-of-the-art design and supply of evaporation and crystallization technologies and has supplied over 200 plants globally across diverse applications and industry segments, including fertilizers, metallurgical, pulp and paper, chemicals, food, and others.
About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 29,000 people worldwide with customers in more than 80 countries and operations in 40 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.
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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 significant adverse impacts on economic and market conditions of the COVID-19 pandemic; the company's ability to respond to the challenges and business disruption presented by the COVID-19 pandemic; the recent dislocation of the global energy market; the company's ability to realize cost savings and efficiencies relating to the streamlining of its Energy Solutions business; the company's ability to manage its liquidity; the company's ability to continue to generate anticipated levels of revenue, profits and cash flow from operations during the COVID-19 pandemic and any resulting economic downturn; 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, including as a result of the COVID-19 pandemic; 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 sign on August 4, 2021?
What is the purpose of KBR's technology contract with TreeToTextile?
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How does KBR's Ecoplanning benefit the TreeToTextile project?
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