KBR Technology Selected for Revolutionary Green Ammonia Project by ACME Group | Texas News
HOUSTON, October 11, 2021 / PRNewswire / – KBR (NYSE: KBR) today announced that its lead ammonia technology has been selected by the ACME Group for its groundbreaking green ammonia project to be built in Oman.
Under the terms of the contract, KBR will provide a technology license, engineering, proprietary equipment, catalyst and commissioning services for a plant producing 300 metric tonnes of ammonia per day. The plant will be an integrated facility using solar and wind power to produce green ammonia.
“We are honored to have been selected by the ACME group for this ambitious project,” said Doug Kelly, President of KBR, Technology. âThe green ammonia-induced energy transition is a reality and KBR will play a central role in helping innovative companies like ACME establish pioneering advantages through our advanced technology. “
âThis installation, intended to export green ammonia to Europe and Asia, will be the first project of this scale â, declared Manoj K Upadhyay, founder and president of the ACME group. âWe chose KBR technology because of its high yields and lowest power consumption and we look forward to a successful implementation of the project.
KBR is the world leader in ammonia technology with an approximate 50% share of licensed capacity and holds the industry records for larger capacity plants with a single converter, best energy efficiency and the longest cycles without stops. Since 1943, KBR has licensed, designed or built 244 basic ammonia plants around the world.
We provide science, technology and engineering solutions to governments and businesses 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 customers around the world to provide technology, value-added services, and long-term operation and maintenance services to ensure consistent delivery with predictable results. At KBR, we deliver.
Statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond the control of the company and which 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 negative impacts on economic and market conditions from the COVID-19 pandemic and the company’s ability to respond to the challenges and resulting business disruptions; the recent dislocation of the global energy market; ; the company’s ability to manage its liquidity; the results and publicity surrounding audits and investigations conducted by domestic and foreign government agencies and legislative bodies; the potential adverse lawsuits of such agencies and the potential adverse results and consequences of such lawsuits; changes in investment spending by the company’s clients; the company’s ability to obtain contracts from existing and new customers and to perform those contracts; structural changes in the industries in which the company operates; the escalation of associated costs and the completion of fixed-fee projects and the company’s ability to control its costs within the framework of its contracts; negotiations of claims and contractual disputes with the company’s customers; changes in the demand 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 income tax laws; unstable political conditions, war and the effects of terrorism; foreign operations and exchange rates and controls; development and installation of financial systems; the possibility of cyber attacks and malware; increased competition for employees; the ability to complete and integrate acquisitions; and the operations of joint ventures, including joint ventures that are not controlled by the company.
KBR’s latest Annual Report on Form 10-K, all subsequent Forms 10-Q and 8-K, and other documents filed with the United States Securities and Exchange Commission 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 assumes no obligation to publicly revise or update any forward-looking statements for any reason.
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SOURCE KBR, Inc.