KBR, Inc. - KBR STOCK NEWS

KBR (NYSE: KBR) has secured an engineering and design services contract from Chemours, part of a $200 million investment aimed at enhancing its Nafion™ ion exchange materials platform. This technology is pivotal in the hydrogen economy, facilitating clean hydrogen production through water electrolysis. KBR's involvement supports its strategic direction in clean hydrogen and specialty chemicals, enhancing its existing partnership with Chemours. Jay Ibrahim, president of KBR's Sustainable Technology Solutions, emphasized the significance of this contract for promoting sustainability and advancing energy transition. KBR's experience in the hydrogen value chain positions it as a key player in delivering innovative solutions for a cleaner future.

KBR (NYSE: KBR) announced a joint development agreement with ISU Chemical Co. Ltd. on April 19, 2023, to design a commercial-scale lithium sulfide (Li2S) unit for next-generation battery technology. As the exclusive licensor of this innovative technology, KBR aims to advance the production of all-solid-state batteries, known for their safety, efficiency, and enhanced power storage capabilities. Doug Kelly, KBR's President of Technology, emphasized the importance of this collaboration in promoting renewable energy utilization. The partnership combines ISU Chemical's R&D expertise with KBR's extensive experience in process technologies, aiming to achieve cost competitiveness and supply stability in lithium sulfide production, a crucial component for modern batteries.

KBR has signed a memorandum of understanding (MoU) with Atlas Agro AG to license its K-GreeN® technology for a series of green nitrate plants aimed at producing zero-carbon nitrogen fertilizers. The collaboration will enable the first plant's engineering design to commence in March 2023 in the United States. KBR is recognized as a leader in ammonia technology, holding approximately 50% of the market share in licensed capacity. The partnership is expected to support the production of fertilizers intended to feed nearly 16 million people and reduce carbon emissions by over one million tons annually. The initiative aligns with KBR's commitment to delivering advanced engineering solutions globally.

KBR, Inc. (NYSE: KBR) has announced a conference call scheduled for May 1, 2023, at 7:30 a.m. Central Time, to discuss its first quarter 2023 financial results. The earnings release and presentation will be made available on KBR's website ahead of the call. Shareholders and interested parties can access the call via a webcast through the Investor Relations section of KBR's website. A replay will also be provided following the call. KBR is recognized for delivering science, technology, and engineering solutions globally, employing approximately 30,000 people across 34 countries.

KBR (NYSE: KBR) has been appointed as the primary integrated project management contractor for BP's global hydrogen project portfolio. This collaboration focuses on optimizing project phases and ensuring effective project delivery through KBR's Integrated Project Management Team (IPMT). The contract marks a significant step in supporting BP's transition to sustainable energy and its growth in the hydrogen sector. KBR's expertise and long-standing relationship with BP will play a vital role in delivering successful projects. The contract will commence under an existing global agreement with BP, showcasing KBR's commitment to enabling the energy transition.

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.

KBR announced that KBR Industrial Canada Co. has received a Letter of Intent from Equinor Canada for the front-end engineering design (FEED) of topside facilities for the Bay Du Nord floating production, storage, and offloading facility (FPSO) located offshore Newfoundland, Canada. This agreement includes an option for ongoing design and procurement management. KBR's work will contribute to one of the world's lowest carbon-emitting FPSOs, utilizing advanced technology to minimize emissions. This contract builds on KBR's previous work in pre-FEED engineering conducted in 2022, with production expected to commence in the late 2020s.