KBR Awarded FEED Contract for Mosaic Ammonia Plant Revamp
23 December 2014 - 12:15AM
HOUSTON - December 22, 2014 - KBR Inc.,
a world leader in ammonia technology, announced today that it has
been awarded the license and engineering contracts to perform front
end engineering and design for a potential expansion of Mosaic's
Ammonia Plant in St. James, La.
KBR's "lean FEED" approach will debottleneck the
plant and increase Mosaic's ammonia production capacity by 20
percent at their plant located on the banks of the Mississippi,
just south of Baton Rouge. KBR's proprietary ammonia
technology will be utilized to revamp and expand the original KBR
designed plant. Additionally, KBR will provide the basic
engineering design and the FEED requirements necessary to produce a
final estimate prior to project approval.
"This is a significant win for KBR and we are
pleased to be able to support Mosaic with both our leading
technology and our technical and project delivery expertise," said
Stuart Bradie, KBR President and CEO. "We look forward to
developing a broader relationship with Mosaic through successful
execution."
KBR has been involved in the licensing, design,
engineering and/or construction of more than 230 ammonia plants
worldwide.
Expected revenue from the contract was included in
the third quarter 2014 backlog of unfilled orders for the
Hydrocarbons segment. The contract value was not
disclosed.
About KBR
KBR is a global engineering, construction and services company
supporting the energy, hydrocarbons, chemicals, industrial, civil
infrastructure, minerals, government services and commercial
markets. For more information, visit www.kbr.com.
Forward Looking
Statement
The statements in this press release that are not historical
statements, including statements regarding future financial
performance and backlog information, 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/A, any subsequent Form 10-Qs and 8-Ks, and other 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.
Contact:
Investors
Zac Nagle
Vice President, Investor Relations
713-753-5082
Investors@kbr.com
Media
Richard Goins
Director, Corporate Communications
713-751-9471
Mediarelations@kbr.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
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responsible for the content, accuracy and originality of the
information contained therein.
Source: KBR, Inc. via Globenewswire
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