- KBR, Inc's KBR ammonia technology has been selected by ACME Group for its green ammonia project to be built in Oman. The financial terms of the contract were not disclosed.
- KBR will provide technology license, engineering, proprietary equipment, catalyst, and commissioning services for a plant to produce 300 metric tons per day of ammonia. The plant will be an integrated facility using solar and wind energy to produce green ammonia.
- "Energy transition driven by green ammonia is a reality, and KBR will play a pivotal role in helping innovative companies like ACME establish early-mover advantages through our industry-leading technology," commented Doug Kelly, KBR President, Technology.
- Price Action: KBR shares closed lower by 0.36% at $41.65 on Friday.
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