KBR Stock Price, News & Analysis

KBR (NYSE: KBR) has been appointed as the primary integrated project management contractor for BP's global hydrogen project portfolio. This collaboration focuses on optimizing project phases and ensuring effective project delivery through KBR's Integrated Project Management Team (IPMT). The contract marks a significant step in supporting BP's transition to sustainable energy and its growth in the hydrogen sector. KBR's expertise and long-standing relationship with BP will play a vital role in delivering successful projects. The contract will commence under an existing global agreement with BP, showcasing KBR's commitment to enabling the energy transition.

KBR (NYSE: KBR) has been selected by Avina Clean Hydrogen to provide its K-GreeN® technology for a groundbreaking green ammonia project in the U.S. This initiative aims to produce 2,200 metric tons of green ammonia per day, marking the largest project of its kind in North America. The collaboration emphasizes KBR's expertise in ammonia technology, having designed over 250 ammonia plants globally since 1943. Avina's choice reflects its commitment to ambitious ESG goals and the recognition of KBR's innovative, comprehensive solutions. This partnership underlines the potential of green ammonia to support decarbonization efforts in power generation and marine transport.

KBR announced that KBR Industrial Canada Co. has received a Letter of Intent from Equinor Canada for the front-end engineering design (FEED) of topside facilities for the Bay Du Nord floating production, storage, and offloading facility (FPSO) located offshore Newfoundland, Canada. This agreement includes an option for ongoing design and procurement management. KBR's work will contribute to one of the world's lowest carbon-emitting FPSOs, utilizing advanced technology to minimize emissions. This contract builds on KBR's previous work in pre-FEED engineering conducted in 2022, with production expected to commence in the late 2020s.

KBR (NYSE: KBR) announced on March 23, 2023, its acquisition of Acetica℠, a technology for acetic acid production. This acquisition enhances KBR's petrochemicals value chain by integrating CO2 utilization into the production of high-value chemicals like Vinyl Acetate Monomer (VAM). VAM is essential for sustainable coatings and adhesives, contributing to a net-zero transition. KBR is the only independent global licensor of this acetic acid technology. The company aims to provide sustainable solutions in the syngas and acetyls value chains and capitalize on carbon capture monetization for its clients.

KBR (NYSE: KBR) has launched SCOREKlean℠, an innovative ethylene and propylene process technology powered by 100% hydrogen-fueled burners to achieve zero emissions from ethylene cracking furnaces. This technology is aimed at decarbonizing the petrochemical industry, which is a significant source of greenhouse gas emissions. SCOREKlean offers benefits like ultra-low CAPEX design, feedstock flexibility, and higher yields. Doug Kelly, KBR President of Technology, expressed excitement over SCOREKlean's launch amid the industry's focus on sustainability and growth.

KBR (NYSE: KBR) announced that CVR Energy's Board of Directors has greenlit the next phase of the alkylation unit revamp at their Wynnewood, Oklahoma refinery. This phase includes engineering, design, and construction for KBR's Solid Acid Alkylation Technology (K-SAAT™), aiming to replace hydrofluoric acid and enhance gasoline production. The K-SAAT technology is expected to improve alkylate yield and deliver environmental benefits, marking a significant step for the U.S. refining industry. KBR will supply a fully engineered modular solution along with its proprietary catalyst, ExSact™, designed for superior performance.

KBR (NYSE: KBR) has secured a contract with Hyundai Engineering Company to provide proprietary equipment for a modular plastics recycling plant utilizing its Hydro-PRT technology. This facility will be located at LG Chem's Chronos Project in South Korea, with a capacity of 20,000 tonnes per annum. The contract follows KBR's prior licensing of Hydro-PRT technology to LG Chem. KBR's President, Doug Kelly, emphasized the advantages of their modular solution in achieving ESG objectives. Hydro-PRT technology is recognized for its efficiency in converting waste plastics into raw materials, contributing to full plastics circularity and offering significant environmental benefits.

KBR (NYSE: KBR) has been awarded a contract to supply ammonia technology for a large-scale low-carbon ammonia facility in the Middle East, targeting one million tons per annum. The agreement includes technology licensing, basic engineering design, and proprietary equipment. This project highlights the region's ambition to lead in low-carbon fuels, leveraging ammonia for clean hydrogen production. KBR holds approximately 50% of the market share in ammonia technology and has established over 250 ammonia plants globally since 1943. The CEO, Doug Kelly, expressed pride in KBR's role in this transformative energy transition initiative.