Stock Market News

KBR to license green ammonia technology for Lotte’s H2biscus project

2024.01.08 06:28


© Reuters.

HOUSTON – KBR, Inc. (NYSE: NYSE:), a global provider of science, technology, and engineering solutions, has announced its partnership with Lotte Chemical and other consortium members for a new green ammonia project in Malaysia. The company will license its proprietary K-GreeN® technology to Lotte Chemical for the production of green ammonia, leveraging hydropower.

The H2biscus project, located in Sarawak, Malaysia, is set to produce 800 kilotons per annum (KTA) of green ammonia. KBR will contribute its technology license and proprietary engineering design to the initiative.

Doug Kelly, KBR President of Technology, expressed the company’s enthusiasm for the collaboration, stating, “We are pleased to work with Lotte Chemical and support their energy transition objectives with our zero-carbon K-GreeN® technology.” He emphasized KBR’s position as a leader in clean hydrogen technologies and solutions, with green ammonia being a critical component for achieving global net-zero targets.

With a history dating back to 1943 in the ammonia market, KBR boasts a track record of licensing, engineering, or constructing over 250 grassroot ammonia plants worldwide. The company’s technological advancements and solutions have positioned it as a preferred licensor for major energy transition projects globally.

KBR employs around 34,000 people in 33 countries, delivering a range of services to governments and companies, including technology, value-added services, and long-term operations and maintenance services.

The information for this report is based on a press release statement.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,267.33 0.02%
ethereum
Ethereum (ETH) $ 3,438.70 1.41%
tether
Tether (USDT) $ 0.998755 0.08%
xrp
XRP (XRP) $ 2.25 1.86%
bnb
BNB (BNB) $ 703.91 0.19%
solana
Solana (SOL) $ 194.93 2.09%
dogecoin
Dogecoin (DOGE) $ 0.325481 2.46%
usd-coin
USDC (USDC) $ 0.999358 0.10%
staked-ether
Lido Staked Ether (STETH) $ 3,429.12 1.59%
cardano
Cardano (ADA) $ 0.89561 3.13%
tron
TRON (TRX) $ 0.254229 0.91%
avalanche-2
Avalanche (AVAX) $ 39.22 4.66%
chainlink
Chainlink (LINK) $ 23.73 4.26%
the-open-network
Toncoin (TON) $ 5.86 0.12%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,082.82 1.30%
shiba-inu
Shiba Inu (SHIB) $ 0.000022 4.07%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,235.32 0.43%
sui
Sui (SUI) $ 4.38 4.20%
hedera-hashgraph
Hedera (HBAR) $ 0.308375 1.16%
stellar
Stellar (XLM) $ 0.37345 4.08%
polkadot
Polkadot (DOT) $ 7.28 2.08%
weth
WETH (WETH) $ 3,438.90 1.35%
bitget-token
Bitget Token (BGB) $ 6.45 29.14%
bitcoin-cash
Bitcoin Cash (BCH) $ 452.81 2.56%
hyperliquid
Hyperliquid (HYPE) $ 26.28 12.39%
leo-token
LEO Token (LEO) $ 9.48 0.59%
litecoin
Litecoin (LTC) $ 107.50 0.82%
uniswap
Uniswap (UNI) $ 13.37 5.77%
pepe
Pepe (PEPE) $ 0.000018 5.08%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,630.40 1.36%
near
NEAR Protocol (NEAR) $ 5.29 4.75%
ethena-usde
Ethena USDe (USDE) $ 0.998325 0.11%
usds
USDS (USDS) $ 0.998367 0.20%
aave
Aave (AAVE) $ 354.24 4.38%
internet-computer
Internet Computer (ICP) $ 10.83 4.48%
aptos
Aptos (APT) $ 9.27 4.90%
crypto-com-chain
Cronos (CRO) $ 0.154364 4.22%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.49898 3.90%
mantle
Mantle (MNT) $ 1.22 0.82%
vechain
VeChain (VET) $ 0.049632 4.62%
ethereum-classic
Ethereum Classic (ETC) $ 26.67 3.28%
render-token
Render (RENDER) $ 7.33 5.55%
whitebit
WhiteBIT Coin (WBT) $ 24.75 0.33%
bittensor
Bittensor (TAO) $ 480.12 4.30%
mantra-dao
MANTRA (OM) $ 3.71 2.54%
monero
Monero (XMR) $ 189.86 2.70%
dai
Dai (DAI) $ 0.999746 0.05%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.31 4.93%
arbitrum
Arbitrum (ARB) $ 0.777622 3.70%
filecoin
Filecoin (FIL) $ 5.17 4.24%