KBR Technology Selected for Green Ammonia Project in South America

Rhea-AI Summary

KBR (NYSE: KBR) announced that its K-GreeN® technology has been chosen by Enaex, S.A. for the HyEx green ammonia project in Chile. The project aims to produce green ammonia using renewable energy sources like photovoltaic power. Toyo Engineering Corporation will conduct front-end engineering design using KBR's proprietary technology. KBR has a strong track record in ammonia technology, with over 250 grassroot ammonia plants licensed, engineered, or constructed globally since 1943. This initiative is poised to enhance Chile's renewable energy capabilities and contribute to the global clean hydrogen energy future.

Positive

• KBR's K-GreeN® technology selected for the HyEx project in Chile, showcasing its leadership in ammonia technology.
• The project aims for industrial-scale green ammonia production, enhancing KBR's market presence.

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• None.

HOUSTON, Feb. 6, 2023 /PRNewswire/ -- KBR (NYSE: KBR) announced today that its green ammonia technology, K-GreeN®, has been selected by Enaex, S.A. for its innovative HyEx green ammonia project in Chile.

 The HyEx project will demonstrate operational stability of production of green ammonia using renewable energy from photovoltaic power plants. Toyo Engineering Corporation will undertake front-end engineering and design (FEED) work based on KBR's world-leading proprietary technology and basic engineering design.

"We are thrilled to be part of this project that will demonstrate Chile's potential to harness renewable energy for green ammonia production," said Doug Kelly, KBR President, Technology. "The innovative concepts that will be incorporated in this project will achieve industrial scale production of green ammonia using renewable energy from photovoltaic and wind power."

Because ammonia is relatively easy to transport around the world and can be stored in liquid form, it is increasingly viewed as a leading contender to enable a clean hydrogen energy future and to decarbonize traditional power generation and marine transportation.

KBR is the world leader in ammonia technology and offers mega ammonia plants up to 10,000 MTPD, holds the industry records for the largest capacity plants with a single converter, best energy-efficiency and longest runs without shutdowns. Since 1943, KBR has licensed, engineered, or constructed over 250 grassroot ammonia plants worldwide.

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 28,000 people performing diverse, complex and mission-critical roles in 34 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 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 and the company's ability to respond to the resulting challenges and business disruption; the recent dislocation of the global energy market; the company's ability to manage its liquidity; 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; 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; the possibility of cyber and malware attacks; 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.

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 discuss some of the important risk factors that the company has identified that may affect its business, results of operations and financial condition. 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 KBR's recent announcement regarding green ammonia in Chile?

KBR announced that its K-GreeN® technology has been selected by Enaex, S.A. for the HyEx green ammonia project in Chile.

How does KBR's K-GreeN® technology work?

K-GreeN® technology utilizes renewable energy sources, such as photovoltaic power, for the production of green ammonia.

What is the significance of the HyEx project for KBR?

The HyEx project demonstrates KBR's capability in green ammonia production and reinforces its position as a leader in ammonia technology.

What does KBR's involvement in the HyEx project indicate about its future?

KBR's involvement in the HyEx project signals a commitment to sustainable energy solutions and the potential for growth in the green ammonia market.