KBR Green Ammonia Technology Selected by Lotte Chemical Corporation for H2biscus Project in Malaysia, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
KBR, Inc. has been selected to provide its K-GreeN technology for Lotte Chemical's H2biscus green ammonia project in Malaysia. The project, involving a consortium including Lotte Chemical, KNOC, and Samsung Engineering, will produce 800 KTA of green ammonia using hydropower. Financial terms of the contract were not disclosed.

January 08, 2024 | 11:10 am
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KBR's technology has been selected for a major green ammonia project in Malaysia, which may enhance the company's reputation in green tech and potentially increase future revenue streams.
KBR's involvement in the H2biscus project is significant as it aligns with global trends towards sustainable technology and green energy solutions. The selection of KBR's technology for such a substantial project could be viewed positively by investors, potentially leading to a short-term increase in stock price. The lack of financial details limits the assessment of the contract's direct financial impact, but the strategic importance and potential for future revenue from similar projects are clear.
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