KBR Awarded Freeport, Texas Ammonia Plant EPC Contract
(Thomson Reuters ONE) -
HOUSTON - February 20, 2015 - KBR, Inc. (NYSE: KBR) announced today that it has
executed an EPC contract with Yara International and BASF Group's new joint
production company to provide ammonia synthesis licensed technology and
engineering, procurement and construction (EPC) to build a world-scale ammonia
plant at BASF's site in Freeport, Texas.
Upon completion, the ammonia plant will use KBR's experienced EPC delivery and
technology capabilities, including KBR's ammonia synthesis process, to produce
about 750,000 metric tons per year of ammonia.
"KBR is proud to continue our relationship with Yara and BASF through our
performance on this project," said Stuart Bradie, KBR President and CEO. "This
project represents KBR's ability to bring world-class technology together with
our engineering, procurement and construction skills to safely deliver complex
energy projects in line with our strategy of differentiated EPC. This follows
KBR's successful track record on the U.S. Gulf Coast."
KBR has been involved in the licensing, design, engineering and/or construction
of more than 230 ammonia plants worldwide.
Expected revenue from the contract will be included in first quarter 2015
backlog for KBR's Engineering and Construction segment.
About KBR, Inc.
KBR, Inc. is a global technology, engineering, procurement and construction
company serving the hydrocarbons and government services industries, employing
around 27,000 people worldwide with customers in more than 70 countries and
operations in 40 countries across three distinct global businesses:
* Technology & Consulting, including proprietary technology in refining,
ethylene, ammonia and fertilizers, and gasification; and niche consulting
and know-how through Granherne/Energo and GVA
* Engineering & Construction, including Upstream Oil & Gas; LNG/GTL;
Downstream Petrochemicals and Chemicals; and differentiated EPC
* Government Services, including program management and long term annuity
contracts
KBR is proud to work with its customers across the globe to provide technology,
value-added consulting services and integrated EPC skills to ensure a consistent
project delivery with predictable results. At KBR, we deliver.
Visit www.kbr.com.
Forward Looking Statement
The statements in this press release that are not historical statements,
including statements regarding 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 that could cause actual results to differ materially from the
results expressed or implied by the statements. These risks and uncertainties
include, but are not limited to: the outcome of and the publicity surrounding
audits and investigations by domestic and foreign government agencies and
legislative bodies; potential adverse proceedings by such agencies and potential
adverse results and consequences from such proceedings; the scope and
enforceability of the company's indemnities from its former parent; changes in
capital spending by the company's customers; the company's ability to obtain
contracts from existing and new customers and perform under those contracts;
structural changes in the industries in which the company operates; escalating
costs associated with and the performance of fixed-fee projects and the
company's ability to control its cost under its contracts; claims negotiations
and contract disputes with the company's customers; changes in the demand for 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; unsettled
political conditions, war and the effects of terrorism; foreign operations and
foreign exchange rates and controls; the development and installation of
financial systems; increased competition for employees; the ability to
successfully complete and integrate acquisitions; and operations of joint
ventures, including joint ventures that are not controlled by the company.
KBR's most recently filed Annual Report on Form 10-K/A, any subsequent Form 10-
Qs and 8-Ks, and other Securities and Exchange Commission filings discuss some
of the important risk factors that KBR has identified that may affect the
business, results of operations and financial condition. Except as required by
law, KBR undertakes no obligation to revise or update publicly any forward-
looking statements for any reason.
For further information, please contact:
Investors
Zac Nagle
Vice President, Investor Relations
713-753-5082
Investors(at)kbr.com
Media
Richard Goins
Director, Communications
713-751-9471
Mediarelations(at)kbr.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: KBR, Inc. via GlobeNewswire
[HUG#1896035]
Unternehmensinformation / Kurzprofil:
Datum: 20.02.2015 - 15:35 Uhr
Sprache: Deutsch
News-ID 373128
Anzahl Zeichen: 5922
contact information:
Town:
HOUSTON
Kategorie:
Business News
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