KBR Blue Ammonia Technology Bags Low-Carbon Project In The US Gulf Coast
Portfolio Pulse from Benzinga Newsdesk
KBR, Inc. has secured a contract to provide technology licensing and proprietary engineering design for a new 1.1 million tonnes per annum ammonia plant on the US Gulf Coast. The plant is designed to capture carbon, thereby reducing its carbon footprint, while also aiming to maximize yields.
January 10, 2024 | 11:04 am
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KBR, Inc. has been awarded a contract for the technology licensing and design of a carbon-capturing ammonia plant, which could enhance its reputation in green technology and potentially increase future revenue streams.
The contract for the new ammonia plant is likely to have a positive impact on KBR's stock price in the short term. The focus on carbon capture aligns with the growing demand for sustainable and environmentally friendly technologies, which could lead to increased investor interest in KBR. Additionally, the contract could signal future revenue growth and strengthen KBR's market position in green technology solutions.
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