KBR’s PureSAF® Technology Selected for Northen Europe’s Largest SAF and e-SAF Plant by NorSAF
Rhea-AI Summary
KBR (NYSE:KBR) will license its proprietary PureSAF technology to NorSAF for what is expected to be Northern Europe’s largest SAF and e-SAF plant. The Latvia-based facility is planned to produce about 100,000 tons of SAF and e-SAF annually starting in 2030, supplying airlines across the Baltics and wider Europe.
The project, backed by Avia Solutions Group, aligns with EU ReFuelEU Aviation and Fit for 55 regulations that require at least 6% SAF by 2030, increasing to 70% by 2050. KBR’s PureSAF process can co-process CO2 and syngas to produce fungible, 100% drop-in jet fuel.
Positive
- PureSAF technology licensed for Northern Europe’s largest SAF and e-SAF plant
- Planned production of 100,000 tons of SAF and e-SAF annually from 2030
- Long-term demand tailwind from EU SAF blending mandates rising to 70% by 2050
- Technology can co-process CO2 and syngas into fungible, 100% drop-in jet fuel
- Strengthens KBR’s position in sustainable aviation fuel and decarbonization solutions
Negative
- None.
News Market Reaction – KBR
In the May 28 session, KBR gained 4.33%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 14 | Dividend declaration | Positive | +1.3% | Board declared a regular quarterly cash dividend of $0.165 per share. |
| May 07 | Defense task orders | Positive | -5.4% | Two AFCAP V task orders worth over $41M supporting U.S. Air Force operations. |
| May 05 | Q1 2026 earnings | Negative | -5.4% | Revenues and net income declined year over year despite steady adjusted EBITDA. |
| May 04 | LOGCAP extension | Positive | +3.3% | Army LOGCAP V task order modifications with a combined $449M ceiling in US and Europe. |
| Apr 30 | Strategic investment | Positive | +4.1% | Strategic investment in Geolith to scale Direct Lithium Extraction via Li-Capt® alliance. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent contract and strategic news often aligned with positive price moves, while one sizable defense award saw a negative reaction despite constructive fundamentals.
Over the last month, KBR has combined steady capital returns with defense and energy-transition activity. A $0.165 quarterly dividend declaration on May 14 coincided with a modest gain, while first‑quarter results on May 5 showed revenue and net income declines but reaffirmed 2026 guidance and the planned Mission Technology Solutions spin around January 4, 2027. Multiple defense task orders and a $449M Army LOGCAP extension highlighted ongoing government work, and a strategic lithium-extraction investment underscored the pivot toward clean technologies, providing context for today’s SAF technology licensing news.
Key Terms
sustainable aviation fuel technical
syngas technical
fungible jet fuel technical
drop-in jet fuel technical
feedstocks technical
decarbonization technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
HOUSTON, May 28, 2026 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced today that NorSAF, one of the leading sustainable aviation fuel (SAF) producers in the Baltics, has selected KBR’s proprietary PureSAF® technology for what is set to become the largest SAF and e-SAF production plant in Northern Europe.
Under the agreement, KBR will license the proprietary PureSAF® technology, invented and developed by Swedish Biofuels AB for NorSAF’s new plant, which is expected to produce 100,000 tons of sustainable aviation fuel and e-SAF annually. The project is backed by Avia Solutions Group. Production is planned to commence in 2030, and distribution of SAF is planned for aviation companies across the Baltics, Northern Europe, and additional European markets.
Europe has set one of the world’s most ambitious frameworks for aviation decarbonization in pursuit of climate neutrality by 2050. With aviation among the continent’s hardest sectors to abate, binding sustainable aviation fuel mandates are an inevitable path forward. Under EU legislation, minimum SAF blending requirements are established by the ReFuelEU Aviation Regulation. Effective January 2025, the European Fit for 55 climate package regulation mandates that aviation fuel supplied at EU airports must contain at least
In alignment with the broader global decarbonization targets, KBR is constantly developing or licensing innovative technologies, including the proprietary PureSAF sustainable aviation fuel process, to help global economies meet their long-term climate objectives.
“We are proud to be a part of this pivotal project, which will drive Latvia’s transition toward cleaner aviation and reinforce Europe’s leadership in sustainable fuel innovation,” said Jay Ibrahim, President, KBR Sustainable Technology Solutions. “KBR is committed to providing viable energy solutions and our PureSAF process not only scales SAF production but also offers an opportunity to co-process CO2 and syngas in the same plant, and produce a fungible jet fuel ready for use, without the need to blend with traditional jet fuel.”
“We are delighted to have collaborated with KBR to bring PureSAF technology to Europe,” said Jānis Kisiels, Board Member of NorSAF. “Recent global events have underscored that energy sovereignty is no longer just an economic goal, but a matter of national and regional security. By producing sustainable,
With more than 100 years of experience delivering clean fuel solutions, KBR remains at the forefront of decarbonization - innovating processes and deploying low-carbon technologies to reduce emissions effectively. Together with NorSAF, we will help develop Latvia as the strategic SAF hub.
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 80 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 KBR’s PureSAF® technology, 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
