KBR Technology Selected for Green Ammonia Project in the U.S.

Rhea-AI Summary

KBR (NYSE: KBR) has been selected by Avina Clean Hydrogen to provide its K-GreeN® technology for a groundbreaking green ammonia project in the U.S. This initiative aims to produce 2,200 metric tons of green ammonia per day, marking the largest project of its kind in North America. The collaboration emphasizes KBR's expertise in ammonia technology, having designed over 250 ammonia plants globally since 1943. Avina's choice reflects its commitment to ambitious ESG goals and the recognition of KBR's innovative, comprehensive solutions. This partnership underlines the potential of green ammonia to support decarbonization efforts in power generation and marine transport.

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• KBR's K-GreeN® technology selected for the largest green ammonia project in North America.
• Contract includes process technology license and engineering design.
• Production capacity set to reach 2,200 metric tons of green ammonia per day.

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• None.

HOUSTON, April 4, 2023 /PRNewswire/ -- KBR (NYSE: KBR) announced today that its K-GreeN® technology has been selected by Avina Clean Hydrogen for its green ammonia project in the U.S.

Under the terms of the contracts, KBR will provide the process technology license and engineering design for a grassroots project to produce 2,200 metric tons per day of green ammonia.

As a hydrogen carrier, ammonia is widely acknowledged to play a leading role in decarbonizing power generation and marine transport. The KBR design for Avina encompasses a fully integrated green ammonia solution from electrolysis to ammonia synthesis.

"We are honored that Avina has selected our technology for the largest green ammonia project in North America to date," said Doug Kelly, KBR President, Technology. "This project underscores that green ammonia can be produced economically at commercial scale and we look forward to working closely with Avina to ensure a successful implementation."

"We have set out on an ambitious ESG journey and our selection of KBR as the green ammonia technology licensor is a concrete step towards meeting our objectives," said Vishal Shah, Founder and CEO of Avina Clean Hydrogen Inc. "Our decision was driven both by KBR's innovative technology as well as their ability to deliver a complete solution".

KBR is a world leader in ammonia technology. Since 1943, KBR has licensed and designed more than 250 ammonia plants across the globe.

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 30,000 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

About Avina Clean Hydrogen

Avina is a pioneer in the green hydrogen and green fuels sector with the most advanced portfolio of clean hydrogen plants under development and access to proprietary technology solutions. Avina uses a technology enabled production approach to make distributed green hydrogen cheaper than grey hydrogen today. Avina's team has unparalleled expertise in the green hydrogen sector, and is developing proprietary solutions to integrate intermittent renewable power with commercially available hydrogen technologies. Avina has 1.5 GW of clean hydrogen plants planned or under development with some of the largest renewable energy corporations in the world.

Forward Looking Statements

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, 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 KBR's role in the Avina Clean Hydrogen project?

KBR is providing its K-GreeN® technology for the green ammonia project, including process technology licensing and engineering design.

How much green ammonia will be produced in the project?

The project aims to produce 2,200 metric tons of green ammonia per day.

When was the KBR announcement made?

The announcement was made on April 4, 2023.

What significance does this project hold for KBR?

This project is significant as it represents the largest green ammonia initiative in North America, showcasing KBR's leadership in ammonia technology.

What are the environmental implications of the KBR and Avina project?

The project aims to contribute to decarbonizing power generation and marine transport through the production of green ammonia.