Study awarded to KBR for renewable energy system upgrade using green ammonia technology

HOUSTON, September 8, 2022 /PRNewswire/ — KBR (NYSE: KBR) announced today that it has been awarded a study to develop a carbon-neutral ammonia-based green power system for a semi-submersible drilling unit owned by Odfjell.

KBR will collaborate with Odfjell, Equinor and Wärtsilä to evaluate the conversion of diesel generators on board drilling units to ammonia-fired generators.

“We are excited to be part of a collaborative effort that will fully integrate KBR’s semi-submersible technology expertise, Wärtsilä’s power systems, and the operational capabilities of Odfjell and Equinor, all to deliver a carbon-neutral solution,” he said. Xavier Ibrahim, president of KBR Sustainable Technological Solutions. “This project demonstrates the role ammonia can play in decarbonising existing assets and achieving net zero targets. We pride ourselves on driving positive change, innovation and improvement in key markets, and are proud to support our customers across the industry as they transition to cleaner fuel options.”

KBR is a world leading ammonia licensor and KBR’s K-GreeN® technology produces carbon-free ammonia based on the electrolysis of water. K-GreeN is a viable and renewable alternative to decarbonize the maritime and shipping industries.

KBR has been supporting Equinor and Odfjell for over three decades with original marine technology, engineering and semi-submersible designs.

About KBR

We provide science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 28,000 people who perform diverse, complex and mission-critical roles in 34 countries.

KBR is proud to work with its customers around the world to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, we deliver.

See also  Automotive Data Cables Market to value USD 20 Billion by

Visit www.kbr.com

Forward-Looking Statement

Statements in this press release that are not historical statements, including statements about 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 and could cause actual results to differ materially from results expressed or implied by the statements. These risks and uncertainties include, but are not limited to: the significant adverse impacts on economic and market conditions from the COVID-19 pandemic and the Company’s ability to respond to resulting challenges and business disruption; the recent dislocation of the global energy market; the company’s ability to manage its liquidity; the outcome and publicity surrounding audits and investigations conducted by domestic and foreign government agencies and legislative bodies; possible adverse proceedings by such agencies and possible adverse results and consequences of such proceedings; changes in capital spending by the company’s customers; the Company’s ability to obtain contracts from new and existing customers and to honor those contracts; structural changes in the industries in which the company operates; increasing costs associated with performing fixed rate projects and the company’s ability to control its cost under its contracts; negotiation of claims and contractual disputes with the company’s clients; changes in the demand 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; unstable political conditions, war and the effects of terrorism; foreign operations and exchange rates and controls; the development and installation of financial systems; the possibility of cyber and malware attacks; increased competition for employees; the ability to successfully complete and integrate acquisitions; and joint venture operations, including joint ventures that are not controlled by the company.

See also  KULR technology returns to the Indianapolis 500 with

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 discuss some of the important risk factors that the company has identified that may affect its business. results of operations and financial position. Except as required by law, the company undertakes no obligation to publicly revise or update any forward-looking statement for any reason.

SOURCE KBR, Inc.

Leave a Comment