HOUSTON, Aug. 9, 2021/ PRNewswire/– KBR (NYSE: KBR) revealed today that it has actually been awarded a modern technology licensing agreement by Hyundai Engineering as well as Técnicas Reunidas for PKN ORLEN’s Petrochemical Growth Program in Plock, Poland.
Under the regards to the contract, KBR will certainly give technology license, fundamental engineering style, as well as exclusive tools for its leading ethylene modern technology, Selective Breaking Optimum Recovery (RACK UP ™), for PKN ORLEN’s Olefins Complicated III Task. This is Europe’s largest petrochemical project in two decades.
“KBR is blessed to be chosen as the ethylene innovation licensor for this ambitious project and also add to PKN ORLEN’s growth and also sustainability goals,” stated Doug Kelly, KBR President, Innovation. “RACK UP remains to lead the market in providing the highest returns and also functional flexibility, while minimizing the carbon impact.”
KBR has been a leader in olefins technology growth, plant layout for over 50 years. We have certified more than 100 grassroot ethylene plants using our cost-effective and also energy-efficient fracturing modern technologies to produce ethylene, propylene and other useful results from a variety of feedstocks.About KBR We deliver scientific research, modern technology and also engineering
services to federal governments as well as firms worldwide. KBR utilizes approximately 29,000 individuals around the world with consumers in greater than 80 nations and also procedures in 40 countries.KBR is proud to deal with its clients around the world to supply technology, value-added services, as well as long -term procedures and also maintenance solutions to make certain constant delivery with predictable results. At KBR, We Deliver.Visit www.kbr.com Forward Looking Statement The declarations in this news release that are not historical statements, including statements pertaining to future economic performance, are forward-looking declarations within
the definition of the government safety and securities regulations. These statements undergo various risks and also uncertainties, a number of which are beyond the business’s control that might trigger real results to differ materially from the results revealed or implied by the declarations. These threats and also unpredictabilities include, but are not limited to: the considerable adverse impacts on economic and market problems of the COVID-19 pandemic; the business’s capacity to reply to the challenges and business interruption provided by the COVID-19 pandemic; the current misplacement of the global power market; the company’s capacity to understand cost financial savings and also efficiencies relating to the streamlining of its Power Solutions business; the business’s capability to manage its liquidity; the business’s capacity to remain to generate anticipated degrees of profits, revenues and capital from operations during the COVID-19 pandemic and also any resulting economic slump; the outcome of and the promotion surrounding audits and also investigations by domestic as well as foreign government agencies and also legislative bodies; potential damaging process by such companies and potential damaging outcomes as well as consequences from such process; the scope as well as enforceability of the business’s indemnities from its former parent; adjustments in capital expense by the business’s clients, consisting of as an outcome of the COVID-19 pandemic; the business’s capacity to obtain contracts from existing and brand-new consumers as well as carry out under those contracts; architectural adjustments in the industries in which the firm operates; rising costs associated with and the efficiency of fixed-fee jobs and also the firm’s capacity to manage its expense under its contracts; insurance claims arrangements and agreement disputes with the business’s customers; changes in the demand for or rate of oil and/or natural gas; defense of intellectual property legal rights; compliance with environmental laws; adjustments in federal government policies as well as regulative requirements; compliance with legislations associated with income tax obligations; unclear political problems, war and also the impacts of terrorism; international operations as well as international exchange rates as well as controls; the advancement as well as installation of monetary systems; raised competitors for staff members; the ability to effectively finish and also integrate acquisitions; as well as procedures of joint ventures, consisting of joint ventures that are not managed by the company.KBR’s most just recently filed Yearly Report on Type 10-K, any kind of subsequent Type 10-Qs and 8-Ks, and various other UNITED STATE Stocks and Exchange Commission filings review several of the important risk variables that KBR has actually determined that might influence business, results of procedures and financial problem. Except as required by law, KBR takes on no responsibility to revise or upgrade publicly any forward-looking declarations for any kind of factor. View original material to download and install multimedia: https://www.prnewswire.com/news-releases/kbr-awarded-ethylene-technology-contract-by-hyundai-engineering-and-tecnicas-reunidas-for-pkn-orlen-olefins-complex-301350833.html!.?.!SOURCE KBR, Inc.