HOUSTON, July 1, 2024
/PRNewswire/ -- KBR (NYSE: KBR) announced today its green
ammonia technology, K-GreeN®, has been selected by OCIOR
Energy for its plant located in Odisha's Gopalpur region,
India. This will be the
10th KBR-licensed green ammonia plant globally and the
first to be located in India.
Under the terms of the contract, KBR will provide a technology
license, proprietary engineering design, equipment, and catalyst
solutions to OCIOR for a green ammonia plant with capacity of 600
metric tons per day. Additionally, KBR will help OCIOR's plant to
achieve the optimal levelized cost of ammonia production.
"We look forward to supporting OCIOR Energy on this landmark
project, which will help the region in meeting its decarbonization
goals by utilizing our zero-carbon K-GreeN solution," said
Jay Ibrahim, President, KBR
Sustainable Technology Solutions. "KBR has been playing a leading
role in the development of the green energy value chain and this
project testifies to our commitment towards helping customers meet
their net zero targets by deploying our green ammonia
solutions."
"OCIOR's green ammonia project aims to set a benchmark for
reliable green fuels production. We are confident that KBR's proven
expertise and commitment will ensure the success of this project,"
said Ranjit Gupta, Chief Executive
Officer, OCIOR Energy. "OCIOR's strategy focuses on developing
well-engineered green ammonia projects in renewable resource-rich
regions to fulfill increasing demand from global off-takers."
KBR is a world leader in ammonia technology and has been at the
forefront of innovation in the ammonia market for decades. Since
1943, KBR has licensed, engineered, or constructed nearly 260
grassroot ammonia plants worldwide.
About KBR
We deliver science, technology and engineering solutions to
governments and companies around the world. KBR employs
approximately 35,000 people worldwide with customers in more than
80 countries and operations in over 30 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 future project
performance and decarbonization targets, 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.
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SOURCE KBR, Inc.