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Share Name | Share Symbol | Market | Type |
---|---|---|---|
KBR Inc | NYSE:KBR | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.52 | -0.81% | 63.88 | 64.09 | 63.64 | 64.00 | 19,215 | 14:46:11 |
KBR (NYSE: KBR) today announced that it has been awarded a contract by Saudi Aramco Lubricating Oil Refining Co. (Luberef) to implement KBR’s proprietary Solvent Deasphalting (SDA) Technology, ROSE®, for Luberef’s Yanbu Refinery Expansion Project in Saudi Arabia.
Under the contract, KBR will provide technology licensing and basic engineering services to revamp and almost double the capacity of Luberef’s existing Propane Deasphalting (PDA) Unit. The existing PDA unit, which is currently based on conventional SDA technology, will be converted to KBR’s ROSE technology. In addition to increasing production volumes, the PDA revamp will allow Luberef to increase the production of brightstock and by-products.
“KBR is proud that Luberef has selected ROSE for this strategic project, and I am confident that the project will benefit from KBR’s experience of designing over 50 ROSE units, including many for lube oil production,” said Tim Challand, President, KBR Technology. “This award underscores our strong commitment and reputation of providing process technology solutions that address our clients’ individual needs in the most cost effective and practical manner.”
KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power and industrial markets. For more information, visit www.kbr.com.
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