HOUSTON, Sept. 9,
2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today
that it has been awarded a contract for its ROSE®
supercritical Solvent De-Asphalting (SDA) technology from Zhejiang
Petroleum & Chemical Co. Ltd. (ZPC), a subsidiary of Rongsheng
Petrochemical Co. Ltd. in China.
Under the terms of the contract, KBR will provide technology
licensing and proprietary engineering design to ZPC, the operator
of China's largest refinery.
"We are looking forward to working with ZPC on this unit, which
will be the largest SDA unit in China deploying KBR's energy-efficient ROSE
process," said Jay Ibrahim, KBR
President, Sustainable Technology Solutions. "ROSE is an innovative
supercritical extraction technology, globally recognized for its
energy-efficient approach to bottom-of-the-barrel processing. This
relatively simple process is designed for safe start-up and
reliable performance, significantly improving the carbon footprint
for refiners. Our solution is intended to enable ZPC to upgrade its
residue conversion for higher profitability and operational
sustainability."
KBR is a global leader in SDA technology with the largest
installed base and has been involved in the licensing, design,
engineering, and commissioning of 72 ROSE units worldwide with a
combined licensed capacity of nearly 1.66 million barrels per day.
In 2024, KBR is celebrating 100 years of offering refining and
clean fuel solutions.
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 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 design and
technological performance, 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.