KBR's PureSAF Technology Selected by Keppel and Aster for Licensing and FEED for Asia's First Commercial-Scale Ethanol-to-Jet Sustainable Aviation Fuel Plant

Rhea-AI Summary

KBR (NYSE: KBR) has been selected by Keppel and Aster to provide technology licensing and Front-End Engineering Design using its PureSAF technology for Asia's first commercial-scale ethanol-to-jet sustainable aviation fuel (SAF) plant on Singapore’s Jurong Island.

The proposed facility targets up to 100,000 tons of SAF per year, subject to final investment decision and regulatory approvals. KBR also signed a Memorandum of Intent with Keppel’s Infrastructure Division to collaborate on multiple decarbonization and energy transition technologies.

Positive

• Selected to license PureSAF and provide FEED for Asia’s first commercial-scale ethanol-to-jet SAF plant
• Proposed SAF plant targets up to 100,000 tons of annual production capacity
• PureSAF technology exclusively licensed worldwide to KBR, enhancing its SAF portfolio
• Memorandum of Intent with Keppel to collaborate across several decarbonization technologies

Negative

• Planned SAF plant remains subject to final investment decision and regulatory approvals

News Market Reaction – KBR

+1.02%

+1.02% Session close to close

In the Jun 29 session, KBR gained 1.02%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement extends KBR’s PureSAF footprint into Asia with a planned 100,000‑ton SAF plant and...

Analysis

This announcement extends KBR’s PureSAF footprint into Asia with a planned 100,000‑ton SAF plant and a broader decarbonization MoI with Keppel. Prior PureSAF licensing lifted shares; investors may track project FID, regulatory approvals, and execution milestones.

Key Figures

Planned SAF capacity: 100,000 tons per year Drop-in jet capability: 100% drop-in jet fuel Clean fuels history: over 100 years

3 metrics

Planned SAF capacity 100,000 tons per year Proposed Singapore ethanol-to-jet SAF plant

Drop-in jet capability 100% drop-in jet fuel PureSAF technology designed for direct use without blending

Clean fuels history over 100 years KBR history providing clean fuel solutions

Historical Context

5 past events · Latest: Jun 25 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 25	Spin-off leadership update	Neutral	-2.8%	Named CEO and CFO-designate for planned Mission Technology Solutions spin-off.
Jun 16	Innovation studio launch	Positive	+0.6%	Opened Bengaluru Innovation Studio to deploy INSITE 3.0 AI for energy clients.
Jun 09	US Space Force contract	Positive	-0.3%	Won $95M DEEDS digital engineering contract supporting U.S. Space Force operations.
Jun 03	Antarctic support contract	Positive	+0.0%	Awarded $8B-ceiling, 20-year NSF Antarctic science and engineering support contract.
May 28	SAF licensing deal	Positive	+4.3%	PureSAF licensed for Northern Europe’s largest planned SAF and e-SAF plant.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

KBR’s contract and technology wins have usually drawn modestly positive reactions, though some individual awards and spin-off updates have produced negative or muted moves.

Key Terms

front-end engineering design, sustainable aviation fuel, memorandum of intent, waste-to-energy

4 terms

front-end engineering design technical

"selected to provide technology licensing and Front-End Engineering Design (FEED) services"

Front-end engineering design is the early, detailed planning phase of a capital project when engineers create the core blueprints, scope, and cost and schedule estimates that guide construction and procurement. For investors, it matters because a thorough front-end design reduces uncertainty about total costs, timing, and technical risks—similar to having a detailed house plan and budget before breaking ground—so it helps assess whether a project is likely to stay on time and on budget.

sustainable aviation fuel technical

"proposed Sustainable Aviation Fuel (SAF) plant being developed by Keppel"

Sustainable aviation fuel is a low‑carbon replacement for conventional jet fuel made from renewable sources (like plant residues, waste oils, or captured carbon) but refined to meet the same safety and performance rules as regular jet fuel. Investors care because SAF can lower airlines’ carbon footprints and exposure to tightening regulations, create new supply and cost dynamics in the fuel market, and drive long‑term demand shifts — like using cleaner fuel in the same airplane.

memorandum of intent regulatory

"KBR has entered into a Memorandum of Intent with Keppel’s Infrastructure Division"

A memorandum of intent is a written, preliminary agreement that outlines the main terms and goals of a proposed business deal, merger, investment, or partnership before a final contract is signed. It acts like a detailed handshake: it shows serious interest, sets expectations and timelines, and often guides due diligence, but usually does not create full legal obligations; investors watch it because it signals a likely future transaction and can affect a company’s value and planning.

waste-to-energy technical

"collaborate on decarbonization across energy transition technologies, particularly in waste-to-energy, plastic recycling"

Waste-to-energy describes facilities and technologies that turn household, industrial or organic waste into usable energy—such as electricity, heat or transport fuels—by burning it, capturing gases, or breaking it down biologically. Investors care because these projects can generate steady revenue from selling power and from fees charged to take waste, act like a dual-income asset that converts a disposal cost into a saleable product, while being shaped by regulation, fuel availability and capital costs.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HOUSTON, June 29, 2026 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) has been selected to provide technology licensing and Front-End Engineering Design (FEED) services based on its PureSAF℠ technology for the proposed Sustainable Aviation Fuel (SAF) plant being developed by Keppel Ltd.’s (Keppel) Infrastructure Division and Aster Chemicals and Energy (Aster) on Singapore’s Jurong Island.

The PureSAF technology was developed by Swedish Biofuels AB, engineered for commercial-scale production by KBR, and exclusively licensed by KBR worldwide.

Keppel and Aster announced their partnership to jointly assess the development of the facility earlier this year. The proposed plant is expected to have a planned production capacity of up to 100,000 tons of SAF per year, subject to final investment decision and regulatory approvals.

“We are looking forward to working with Keppel and Aster on this key project and to support Singapore’s ambition of becoming Asia’s leading SAF hub and advancing the ongoing efforts to decarbonize the country’s aviation ecosystem,” said Stuart Bradie, KBR President and CEO. “KBR’s PureSAF is a feedstock-flexible, bankable technology that is designed to deliver a 100% drop in jet fuel, ready to power aircraft without blending. We are constantly innovating our SAF solution to make it compatible with feedstock availability in different regions and to enable the aviation industry to transition to low-carbon jet fuel with a cost-optimized approach.”

In addition, KBR has entered into a Memorandum of Intent with Keppel’s Infrastructure Division to collaborate on decarbonization across energy transition technologies, particularly in waste-to-energy, plastic recycling, biofuels, SAF, and AI-driven digitalization.

KBR has over a 100-year history of providing clean fuel solutions and remains at the forefront of pioneering decarbonization initiatives through continuous process innovation and by harnessing low-carbon technologies to effectively reduce emissions.

About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 36,000 people worldwide with customers in more than 85 countries and operations in over 28 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 technology licensing and Front-End Engineering Design (FEED) 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
Rachael Goldwait
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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b8890718-dc4b-46bc-95d5-5e4b57769756

FAQ

What did KBR (NYSE: KBR) announce on June 29, 2026 about its PureSAF technology?

KBR announced its PureSAF technology was selected for licensing and FEED for a proposed SAF plant in Singapore. According to KBR, the project with Keppel and Aster targets Asia’s first commercial-scale ethanol-to-jet sustainable aviation fuel facility on Jurong Island.

What is the planned sustainable aviation fuel capacity of the Keppel and Aster plant using KBR’s PureSAF?

The proposed Keppel and Aster SAF plant aims for up to 100,000 tons of SAF per year. According to KBR, this production target is subject to a final investment decision and necessary regulatory approvals before construction and operation can proceed.

Where will the KBR PureSAF-based ethanol-to-jet SAF plant be located in Asia?

The planned SAF plant using KBR’s PureSAF technology will be located on Singapore’s Jurong Island. According to KBR, Keppel’s Infrastructure Division and Aster are developing the facility as Asia’s first commercial-scale ethanol-to-jet sustainable aviation fuel project.

What is the scope of the Memorandum of Intent between KBR and Keppel’s Infrastructure Division?

KBR signed a Memorandum of Intent with Keppel’s Infrastructure Division to collaborate on decarbonization technologies. According to KBR, the areas include waste-to-energy, plastic recycling, biofuels, SAF, and AI-driven digitalization across energy transition opportunities.

How does KBR describe the capabilities of its PureSAF sustainable aviation fuel technology?

KBR describes PureSAF as feedstock-flexible, bankable technology designed to deliver 100% drop-in jet fuel without blending. According to KBR, PureSAF is engineered for commercial-scale production and is continuously innovated to match regional feedstock availability and cost-optimized low-carbon jet fuel needs.

Who developed KBR’s PureSAF technology and how is it commercialized?

PureSAF was developed by Swedish Biofuels AB and engineered for commercial-scale production by KBR. According to KBR, the company holds the exclusive worldwide license for PureSAF and is applying it in projects such as the proposed SAF plant with Keppel and Aster.