Houston, October 13, 2021 (PRNewswire) -KBR (NYSE: KBR) announced today that a two-pressure nitric acid technology contract has been awarded to Hanuwaha Corporation, a new factory in Yesu, South Korea.
Under the terms of the agreement, KBR will provide 1,200 metric tons of dual-pressure nitric acid plant per day, basic engineering design and technical support. Nitric acid is a medium for the production of various products, including fertilizers, plastics and dyes.
KBR is proud to have Hanna selected to provide dual-pressure nitric acid technology to our leader, which provides tangible CAPEX and OPEX benefits, including net energy consumption using real energy sources. Doug Kelly, KBR President, Technology. “This agreement underscores KBR’s continued commitment to energy-saving sustainable technologies into the industry.
Since 1954, KBR has been the No. 1 technology in the U.S. market for licensing 76 nitric acid plants worldwide.
We provide science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 29,000 people worldwide in more than 80 countries and in 40 countries.
KBR is proud to partner with its customers around the world to provide technology, value-added services and long-term services and maintenance services. At KBR, we deliver.
A statement of the future
Non-historical statements, including statements on future financial performance in this press release, are forward-looking statements in the definition of federal security laws. These statements are subject to a number of risks and uncertainties, most of which may result in material inaccuracies that are beyond the control of the Company. These risks and uncertainties include, but are not limited to: the significant negative impact of the COVID-19 pandemic on economic and market conditions and the company’s ability to respond to problems and trade disruptions, the recent displacement of the global energy market; The company’s ability to manage efficiency; The results and publicity of domestic and foreign government agencies and the audit and investigations of the legislature, the negative processes that may occur in such agencies and the negative consequences and consequences of such processes. Capital expenditure changes by the company’s customers; The Company’s ability to obtain and execute contracts with existing and new customers in accordance with those terms; Structural changes in the industries in which the company operates; Increasing costs related to fixed-income projects and managing costs in accordance with the company’s terms, requires negotiation and contract disputes with the company’s customers; Changes in the demand or price of oil and / or natural gas; Protection of intellectual property rights; Compliance with local laws; Changes in government regulations and regulatory requirements; Compliance with income tax laws; Unstable political conditions, the effects of war and terrorism; Foreign exchange and foreign exchange rates and controls; Development and installation of financial systems; Chance of cyber and malware attacks; Increasing competition for workers; Ability to successfully complete and merge purchases; And joint venture activities, including those not controlled by the company.
KBR’s recent Form 10-K, any subsequent Forms 10-Qs and 8-Ks, and other U.S. Securities and Exchange Commission submissions will discuss some of the key risk factors that may affect KBR’s business. Performance and financial status. Unless required by law, it is not obligated to publicly review or update any future statements for any reason.
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SOURCE KBR, Inc.