KBR Awarded Green Ammonia Project by IGNIS in Spain
Rhea-AI Summary
KBR (NYSE: KBR) was awarded a technology and engineering contract by IGNIS on Dec. 15, 2025 to support a green ammonia facility in A Coruña, Spain. The contract covers KBR proprietary engineering design and pre‑FEED services for a 200,000 tonnes per annum green ammonia plant that will use renewable energy to produce green hydrogen and convert it to green ammonia.
The announcement highlights KBR's ammonia technology portfolio, including H2ACT® ammonia cracking, and notes KBR's historical footprint of licensing, engineering, or constructing over 260 grassroots ammonia plants since 1943.
Positive
- 200,000 tpa green ammonia plant award
- Scope includes proprietary engineering and pre‑FEED services
- Uses renewable energy for green hydrogen production
- Highlights H2ACT® ammonia cracking and technology leadership
- Track record: > 260 grassroots ammonia plants since 1943
Negative
- Award limited to design and pre‑FEED, not EPC—potentially limited near‑term revenue recognition
- No contract value or project schedule disclosed in the announcement
News Market Reaction
On the day this news was published, KBR declined 0.92%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
While KBR was down 1.23% pre-news, key peers like PRIM (-6.46%), DY (-4.48%), IESC (-2.97%), and FLR (-2.72%) showed steeper declines, indicating broader sector pressure but a relatively milder move in KBR. No peers appeared in the momentum scanner.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 04 | Defense contract win | Positive | +1.9% | Awarded estimated <b>$117M</b> F/A‑18 foreign military sales support contract. |
| Nov 20 | Space tech progress | Positive | -1.8% | Completed key thermal vacuum and dual-suit tests for AxEMU spacesuit with Axiom. |
| Nov 06 | Iraq gas project | Positive | -2.5% | Selected to deliver detailed engineering design for TotalEnergies-led Basra gas project. |
| Nov 04 | Qatar offshore award | Positive | +1.8% | Won detailed engineering contract for Bul Hanine offshore oil and gas field project. |
| Nov 03 | JV acquisition | Positive | -2.8% | Brown & Root JV agreed to acquire SWAT, expanding welding and turnaround services. |
Across the last 5 generally positive contract and partnership announcements, KBR showed negative next-day reactions in 3 cases and positive in 2, suggesting frequent divergences between upbeat headlines and short-term price moves.
Over the past months, KBR has reported steady contract wins and strategic activity. Awards included a $117M F/A‑18 foreign military sales support contract on Dec 4, 2025, detailed engineering roles in major Iraq and Qatar energy projects, and progress on next‑generation spacesuit testing with Axiom Space. A joint-venture acquisition of SWAT expanded industrial services reach. Despite mostly constructive news, share reactions were mixed, with several declines following positive developments, framing today’s green ammonia award within a pattern of contract-driven growth but inconsistent short-term price responses.
Market Pulse Summary
This announcement expands KBR’s role in the energy transition with a 200,000 tons per annum green ammonia plant in Spain, leveraging decades of ammonia technology experience. It complements previously disclosed Q3 revenue of $1.931B, operating income of $191M, and remaining performance obligations of $13.5B. Investors may focus on contract execution, margin contribution relative to existing backlog, and how such sustainable projects shape KBR’s earnings mix over time.
Key Terms
green ammonia technical
pre-FEED engineering technical
green hydrogen technical
ammonia cracking technical
AI-generated analysis. Not financial advice.
HOUSTON, Dec. 15, 2025 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced today that it has been awarded a technology and engineering contract by IGNIS for a new green ammonia facility in A Coruña, Spain.
Under the terms of the contract, KBR will provide proprietary engineering design and pre-FEED engineering services to IGNIS for a 200,000 tons per annum green ammonia plant. The facility will use renewable energy to produce green hydrogen, which will be converted to green ammonia. Green ammonia, a key element for producing renewable fertilizers, can be used as a highly efficient storage and transport medium for renewable energy and as a clean fuel.
“We are proud to support IGNIS in harnessing Spain’s exceptional renewable energy resources to produce green ammonia for domestic and European markets,” said Jay Ibrahim, President, KBR Sustainable Technology Solutions. “KBR’s green ammonia solutions, along with complementary technologies such as H2ACT® ammonia cracking, make us a global leader in delivering reliable and energy-efficient ammonia technology at a lower capital cost.”
KBR has been at the forefront of innovation in the ammonia market for decades. Since 1943, KBR has licensed, engineered, or constructed more than 260 grassroot ammonia plants worldwide.
About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 37,000 people worldwide with customers in more than 80 countries and operations in over 29 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 IGNIS
IGNIS is a global energy company integrated across renewable generation and innovative energy solutions, with more than 30 GW under development in Europe, the US, Latin America, and Asia. Founded in 2015, it provides tailored energy solutions for companies and consumers in more than 10 countries.
Its IGNIS P2X division develops green hydrogen and derivative products—such as ammonia, synthetic methanol, and sustainable fuels—by leveraging its renewable generation portfolio, thereby contributing to the decarbonization of key sectors, including heavy industry and maritime and aviation transport. Committed to fostering new industrial opportunities, the company is advancing strategic projects in port areas and inland industrial hubs to produce these high-value energy carriers.
Forward Looking Statements
The statements in this press release that are not historical statements, including statements regarding KBR’s delivery of green ammonia technology and services, 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.
For further information, please contact:
Investors
Jamie DuBray
Vice President, Investor Relations
713-753-5082
Investors@kbr.com
Media
Philip Ivy
Vice President, Global Communications and Marketing
713-753-3800
MediaRelations@kbr.com
FAQ
What did KBR (NYSE: KBR) announce on December 15, 2025 about green ammonia?
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