KBR Wins Contract by Incitec Pivot for IT, Engineering, Procurement, Construction Services, Expects Deal Valued at $600M
KBR (NYSE: KBR) today announced it has been awarded a contract by Incitec Pivot Limited's US business, Dyno Nobel, to provide engineering, procurement and construction (EPC) services, as well as technology licensing and equipment for an ammonia plant to be built in Waggaman, La. The contract award is valued at approximately $600 million. This award also builds upon KBR's portfolio of solid construction execution, positioning KBR to capitalize on the rapidly increasing shale gas market in North America.
The 800,000 metric tons of ammonia per annum facility will be designed using KBR's Purifier^TM technology, which has a documented track record of safe and reliable operations and offers the lowest energy consumption in the industry.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.