HOUSTON, Oct. 11,
2023 /PRNewswire/ -- KBR (NYSE: KBR) announced
today that its K-GreeN® technology has been
selected by Madoqua Power2X (Madoqua), a joint venture of Madoqua
Renewables, Power2X and Copenhagen Infrastructure Partners, for
Madoqua's green ammonia project at Sines Industrial Zone in
Portugal.
Under the terms of the contract, KBR will provide technology
license, proprietary engineering design and equipment, and catalyst
solutions to Madoqua for its green ammonia projects, including 1200
tonnes per day in Phase 1 and 1500 tonnes per day in Phase 2.
Additionally, Madoqua will implement KBR's suite of advanced
digital solutions to optimize the operations and energy efficiency
for the facility.
"We are pleased to provide our zero-carbon
K-GreeN® technology to Madoqua for their Sines
project, one of the leading clean hydrogen and ammonia projects in
Europe," said Doug Kelly, KBR President, Technology. "Green
ammonia plays a crucial role in driving energy transition, and
KBR's integrated ammonia solution is leading the industry to help
build an environmentally responsible energy future."
"We look forward to deploying KBR's sustainable green ammonia
technology on this project, which will contribute towards meeting
our ESG targets," said Rogaciano
Rebelo, Chief Executive Officer, Madoqua Renewables Holding.
"With environmental sustainability as our core value, we are
focused on industrial transformation through the development of
decarbonization initiatives and projects."
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 more than 250
grassroot ammonia plants worldwide.
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
About Madoqua Renewables
Madoqua Renewables is a Portuguese industrial transformation and
development company focused on energy transition and delivery of
new generation industrial process assets with a specific focus on
net zero carbon projects. Madoqua Renewables is developing project
assets valued at €2 billion across the hydrogen value chain.
About Power2X
Power2X is a CPP backed project developer and management
consultancy for energy transition projects across Europe, Africa and the Middle East. The company is based in
Amsterdam and works with several
business partners on new projects in the energy transition.
About Copenhagen Infrastructure Partners
Copenhagen Infrastructure Partners was founded in 2012 and is
today the world's largest dedicated fund manager within greenfield
renewable energy investments and a global leader in offshore wind.
CIP manages ten funds and has to date raised approximately
EUR 26bn for investments in energy
and associated infrastructure from more than 120 international
institutional investors. CIP will accelerate its role in the global
energy transition and aims to have EUR
100bn under management in green energy investments by
2030.
Forward Looking Statements
The statements in this press release that are not historical
statements, including statements regarding future performance of
the company's contract with Madoqua, 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.