PT Pupuk Sriwidjaja Picks KBR's Purifier Technology For Grassroots Ammonia Plant In Indonesia; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
PT Pupuk Sriwidjaja has selected KBR's Purifier technology for a new grassroots ammonia plant in Indonesia. KBR will provide a technology license, proprietary engineering design, proprietary equipment, and catalyst for the plant. The financial terms of the contract were not disclosed.
November 29, 2023 | 11:01 am
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KBR has secured a contract to provide its Purifier technology, along with a technology license, proprietary engineering design, equipment, and catalyst for PT Pupuk Sriwidjaja's new ammonia plant in Indonesia.
The contract with PT Pupuk Sriwidjaja is likely to have a positive short-term impact on KBR's stock price as it represents a new business opportunity and revenue stream. However, without the financial terms, the scale of the impact is uncertain. The news shows KBR's continued expansion in the ammonia plant technology sector, which could be seen positively by investors.
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