KBR Bags Contract From PKN ORLEN For Plastics Recycling Projects - KBR (NYSE:KBR)

KBR, Inc. (NYSE:KBR) has been awarded a feasibility study contract by PKN ORLEN to evaluate plastics recycling projects in Central Europe utilizing its Hydro-PRT technology. The financial terms of the contract were not disclosed.
KBR and PKN ORLEN intend to collaborate on the development of future projects.
Hydro-PRT is a recycling technology that converts waste plastic into petrochemical and refinery products and is offered by KBR in alliance with Mura Technology.
"This contract represents an important milestone for KBR and PKN ORLEN to assess the long-term potential of this breakthrough technology," said Doug Kelly, KBR President, Technology.
Price Action: KBR shares closed lower by 1.20% at $38.85 on Monday.

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