Shell Global Solutions and KBR Announce Hydroprocessing Technology Alliance Agreement

KBR (NYSE: KBR) and Shell Global Solutions International B.V. (NYSE: RDS.A) today announced the formation of a new alliance in which KBR will market, sell and provide technology and design packages with Shell Global Solutions on hydroprocessing solutions worldwide.

Refiners use hydroprocessing technologies to help meet the most stringent product specifications and emissions legislation, maximizing the value from bottom of the barrel processing, while enjoying the higher unit availability of owner/operator developed technology. With KBR and Shell as leading licensors in the refining industry, this alliance combines the companies’ core technology and processing strengths to provide customers with quality and competitive hydroprocessing solutions.

The agreement is effective immediately and allows KBR the opportunity to bring Shell’s robust technology solutions to clients across the globe.

“This agreement is consistent with KBR Technology’s growth strategy for our bottom of the barrel refining technologies. The strength of this alliance lies in the synergies between KBR’s technology and engineering expertise and Shell’s catalyst and operations experience. We look forward to pursuing commercial opportunities for Shell’s hydroprocessing technologies immediately,” said John Derbyshire, President, KBR Technology.

“Shell Global Solutions is committed to its global alliances and to providing customers with cost effective solutions designed according to their needs. Through our alliance with KBR, we are demonstrating our long term commitment to providing high quality, innovative technology to the refining industry,” said Dave Clark, General Manager, Process Licensing, Shell Global Solutions International B.V.

KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power, industrial, and commercial markets. For more information, visit www.kbr.com.

Shell Global Solutions is a network of independent technology companies in the Shell Group which provide technical consultancy and licensed technologies for both the Shell Group and third party customers within the energy industry. In response to the significant challenges facing the industry today, Shell Global Solutions strives to deliver innovative technical solutions and effective technology to support its customers in their day-to-day operations and delivery of strategic plans. This enables customers to improve the capacity and performance of existing units; integrate new process units into existing refineries and petrochemical complexes; incorporate advanced catalyst systems and reactor internals; through to the design of grassroots refineries. More information on Shell Global Solutions is available at www.shell.com/globalsolutions

Shell Global Solutions is affiliated with Shell’s catalyst companies which innovate and sell catalysts through a network that includes Criterion Catalysts & Technologies, Zeolyst International, CRI Catalyst Company and CRI KataLeuna. More information on the CRI/Criterion Catalysts and Technologies group is available at: http://www.cricatalyst.com and http://www.criterioncatalysts.com.