HOUSTON, Sept. 18,
2023 /PRNewswire/ -- KBR (NYSE: KBR) announced today
it has been awarded a license and engineering design contract by
Hanwha Impact Corporation for the world's first commercial ammonia
cracking unit using KBR's leading H2ACTSM technology in
Daesan, Republic of Korea.
In this largest capacity ammonia cracking plant announced to
date, clean hydrogen will serve a planned power plant in Daesan,
paving the way for large-scale sustainable hydrogen
utilization. Ammonia cracking, the process to convert
transported ammonia back to hydrogen, is a key enabler to achieving
the world's decarbonization target.
Under the terms of the contract, KBR will provide technology
licensing and proprietary engineering design for the unit, which
will be designed to deliver over 200 metric tons per day of clean
hydrogen as fuel.
"We are honored to be selected by Hanwha for this flagship
project, which will accelerate the realization of their
decarbonization targets and play a vital role in Korea's national
sustainability objectives," said Doug
Kelly, President, Technology, KBR. "KBR's breakthrough
ammonia cracking technology, H2ACT, delivers a reliable and
holistic solution for large-scale, efficient, and sustainable
hydrogen production."
KBR is a world leader in ammonia technology. Since 1943, KBR has
licensed and designed more than 250 ammonia plants across the
globe.
About KBR
We deliver science, technology and engineering solutions to
governments and companies around the world. KBR employs
approximately 33,000 people performing diverse, complex and
mission-critical roles in 33 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 the performance of the
company's contract with Hanwha Impact Corporation, 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.