PT Pupuk Sriwidjaja Selects KBR's Purifier Technology for Grassroots Ammonia Plant in Indonesia

Rhea-AI Summary

KBR (NYSE: KBR) has been chosen by PT Pupuk Sriwidjaja Palembang (Pusri), a subsidiary of PT Pupuk Indonesia, to provide its Purifier™ ammonia technology for the planned Pusri 3B Ammonia Plant in Indonesia. This marks KBR's twelfth ammonia plant licensed to Pupuk Indonesia, showcasing the long-standing partnership between the two companies. The project aims to replace two existing plants, Pusri 3 and Pusri 4, resulting in significant energy consumption and operational cost savings for Pusri.

Positive

• KBR's selection for the project demonstrates its expertise and leadership in the ammonia technology market, solidifying its position as a global leader in the industry.
• The long-term partnership between KBR and Pusri reflects the trust and confidence Pusri has in KBR's technology, solutions, and expertise, highlighting the strong relationship between the two entities.

Negative

• None.

HOUSTON, Nov. 29, 2023 /PRNewswire/ -- KBR (NYSE: KBR) announced today that its Purifier™ ammonia technology has been selected by PT Pupuk Sriwidjaja Palembang (Pusri), a subsidiary of PT Pupuk Indonesia, for its planned Pusri 3B Ammonia Plant to be built in South Sumatera Province, Indonesia. This will be KBR's twelfth ammonia plant licensed to Pupuk Indonesia.

Under the terms of the contract, KBR will provide technology license, proprietary engineering design, proprietary equipment, and catalyst for the new plant. This plant will replace two existing plants, Pusri 3 and Pusri 4, delivering significant savings in energy consumption and operational costs to Pusri.

"We are honored to further extend our long-time partnership with Pusri with this award," said Doug Kelly, KBR President, Technology. "This project is a testament to Pupuk Indonesia's continued leadership as a global fertilizer producer as well as their continued trust in our leading ammonia technologies, solutions, and expertise."

KBR is a world leader in ammonia technology and has been at the forefront of innovation in the ammonia market for decades. 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 34,000 people performing diverse, complex and mission-critical roles in 33 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 Statements

The statements in this press release that are not historical statements, including statements regarding the performance of the company's contract with PT Pupuk Sriwidjaja Palembang, 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 the latest announcement from KBR (NYSE: KBR)?

KBR has been chosen by PT Pupuk Sriwidjaja Palembang (Pusri) to provide its Purifier™ ammonia technology for the planned Pusri 3B Ammonia Plant in Indonesia.

How many ammonia plants has KBR licensed to Pupuk Indonesia?

KBR has licensed twelve ammonia plants to Pupuk Indonesia, with the latest being the Pusri 3B Ammonia Plant.

What are the expected benefits of the project for Pusri?

The project aims to replace two existing plants, Pusri 3 and Pusri 4, resulting in significant energy consumption and operational cost savings for Pusri.

What does KBR's selection for the project indicate?

KBR's selection for the project demonstrates its expertise and leadership in the ammonia technology market, solidifying its position as a global leader in the industry.

What does the long-term partnership between KBR and Pusri reflect?

The long-term partnership between KBR and Pusri reflects the trust and confidence Pusri has in KBR's technology, solutions, and expertise, highlighting the strong relationship between the two entities.