Houston, TX /PRNewswire/ - KBR, Inc. (NYSE: KBR) announced today that it has been awarded a contract by Linggu Chemical Co. Ltd (Linggu) for an ammonia plant in Yixing City, Jiangsu Province in China.
Under the terms of the contract, KBR will provide the technology licensing and basic engineering design (LBED) package for building a new 1,500 metric tons per day ammonia synthesis unit as a replacement for one of their existing units in Yixing, China. The plant will utilize KBR's proprietary ammonia synloop technology.
KBR's ammonia synloop provides a cost-effective ammonia synthesis solution with low energy consumption, and low CAPEX and OPEX for a reliable and efficient plant. This is the second grassroots ammonia synthesis unit for Linggu using KBR technology. KBR licensed the first synloop unit to Linggu in 2015.
"With KBR's advanced ammonia synthesis technology, we believe our plants will stand out in the coal-to-ammonia market in China," said Mr. Tan Fuyuan, Chairman of Linggu.
"We are honored to deliver this second ammonia unit to Linggu," said John Derbyshire, KBR President, Technology. "This project award showcases the superiority of KBR's Ammonia Synthesis Technology and its great fit for the market needs in China."
KBR is a leader in ammonia technology and has been involved in the licensing, design, engineering, and/or construction of more than 230 grass roots ammonia plants and over 100 revamp ammonia projects globally.
About KBR, Inc.
KBR is a global provider of differentiated professional services and technologies across the asset and program life cycle within the Government Services and Hydrocarbons sectors. KBR employs approximately 34,000 people worldwide (including our joint ventures), with customers in more than 75 countries, and operations in 40 countries, across three synergistic global businesses:
KBR is proud to work with its customers across the globe to provide technology, value-added services, integrated EPC delivery and long term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
Forward Looking Statement
The statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, 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 and uncertainties include, but are not limited to: the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies; potential adverse proceedings by such agencies and potential adverse results and consequences from such proceedings; the scope and enforceability of the company's indemnities from its former parent; changes in capital spending by the company's customers; the company's ability to obtain contracts from existing and new customers and perform under those contracts; structural changes in the industries in which the company operates; escalating costs associated with and the performance of fixed-fee projects and the company's ability to control its cost under its contracts; claims negotiations and contract disputes with the company's customers; changes in the demand for 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 laws related to income taxes; unsettled political conditions, war and the effects of terrorism; foreign operations and foreign exchange rates and controls; the development and installation of financial systems; increased competition for employees; the ability to successfully complete and integrate acquisitions; and operations of joint ventures, including joint ventures that are not controlled by the company.
KBR'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 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 undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
SOURCE: KBR, Inc.Copyright 2018 PR Newswire. All Rights Reserved