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KBR Secures Contract for Its Solid Acid Alkylation Technology (K-SAAT™)

Wire Release

HOUSTON – January 23, 2019 – KBR, Inc. (NYSE: KBR) announced today that it has entered into a contract with Wynnewood Refining Company, LLC (Wynnewood) for engineering and design services relating to KBR's Solid Acid Alkylation Technology (K-SAATTM) for Wynnewood's refinery located in Wynnewood, Oklahoma.

Under the terms of the contract, KBR will provide basic engineering and design (BED) services for its K-SAATTM technology and the opportunity to utilize the technology to revamp the existing Hydrofluoric acid (HF) alkylation unit at the Wynnewood Refinery.

K-SAATTM is a revolutionary technology to produce alkylate, which is an ultra-clean gasoline blendstock. Unlike traditional refinery alkylation technologies that utilize strong acids, K-SAATTM produces alkylates by combining light olefins and isobutane using a solid catalyst that provides yield and operating cost benefits by avoiding complex acid handling and cooling cost.

"I am delighted to announce that Wynnewood is considering KBR's innovative and groundbreaking K-SAATTM technology to revamp the HF Alky unit at Wynnewood," said John Derbyshire, President, KBR Technology. "K-SAATTM produces an ideal blendstock for increased gasoline octane which is in high demand and does not use corrosive liquid acids. Alkylate octane obtained through the K-SAATTM process is higher compared to other liquid and solid acid alkylation processes under a wide range of process conditions. We are honored to support Wynnewood and to showcase the tremendous potential of K-SAATTM for grassroots and revamp projects."

Since the first K-SAATTM unit was commissioned, early this year in China, K-SAATTM technology has received significant interest from refiners globally. K-SAATTM technology reflects KBR's commitment to provide innovative technologies that give our customers a competitive edge in attractive markets.

Global demand for motor fuels continues to rise while stricter environmental standards and oxygenate blend requirements for gasoline place a premium on clean burning fuels and blendstocks such as alkylate. KBR's K-SAAT process is a highly adaptable technology that produces a more cost effective, higher quality alkylate than conventional liquid acid catalysts or other solid acid catalysts.

The key to the K-SAATTM technology is ExSactTM, a revolutionary solid acid catalyst engineered to overcome rapid deactivation limitations of solid-acid catalysts and provide superior alkylation performance. K-SAATTM offers the capabilities to upgrade olefins ranging from ethylene to amylenes into higher value alkylate.

KBR's licensed process technology is found in more than half of the world's FCC units, a majority of residue upgrading units and more than 100 hydroprocessing units. Our emphasis on heavy oil upgrading, improving bottom-of-the-barrel yields, producing clean fuels, increasing chemical yields and providing a wider range of operating flexibility to refiners makes KBR a preferred partner to address any refining challenge.

About KBR, Inc.

KBR is a global provider of differentiated professional services and technologies across the asset and program lifecycle within the Government Services and Hydrocarbons sectors. KBR employs approximately 34,000 people worldwide (including our joint ventures), with customers in more than 75 countries, and operations in 40 countries, across three synergistic global businesses:

  • Government Services, serving government customers globally, including capabilities that cover the full lifecycle of defense, space, aviation and other government programs and missions from research and development, through systems engineering, test and evaluation, program management, to operations, maintenance, and field logistics
  • Technology, including proprietary technology focused on the monetization of hydrocarbons (especially natural gas and natural gas liquids) in ethylene and petrochemicals; ammonia, nitric acid and fertilizers; oil refining and gasification
  • Hydrocarbons Services, including onshore oil and gas; LNG (liquefaction and regasification)/GTL; oil refining; petrochemicals; chemicals; fertilizers; differentiated EPC; maintenance services (Brown & Root Industrial Services); offshore oil and gas (shallow-water, deep-water, subsea); floating solutions (FPU, FPSO, FLNG & FSRU); program management and consulting services

KBR is proud to work with its customers across the globe to provide technology, value-added services, integrated EPC delivery and long term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.

Visit www.kbr.com

Forward Looking Statement

The statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond the company's control that could cause actual results to differ materially from the results expressed or implied by the statements. These risks and uncertainties include, but are not limited to: the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies; potential adverse proceedings by such agencies and potential adverse results and consequences from such proceedings; the scope and enforceability of the company's indemnities from its former parent; changes in capital spending by the company's customers; the company's ability to obtain contracts from existing and new customers and perform under those contracts; structural changes in the industries in which the company operates; escalating costs associated with and the performance of fixed-fee projects and the company's ability to control its cost under its contracts; claims negotiations and contract disputes with the company's customers; changes in the demand for or price of oil and/or natural gas; protection of intellectual property rights; compliance with environmental laws; changes in government regulations and regulatory requirements; compliance with laws related to income taxes; unsettled political conditions, war and the effects of terrorism; foreign operations and foreign exchange rates and controls; the development and installation of financial systems; increased competition for employees; the ability to successfully complete and integrate acquisitions; and operations of joint ventures, including joint ventures that are not controlled by the company.

KBR's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks, and other U.S. Securities and Exchange Commission filings discuss some of the important risk factors that KBR has identified that may affect the business, results of operations and financial condition. Except as required by law, KBR undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

For further information, please contact:

Investors
Alison Vasquez
Vice President, Investor Relations
713-753-5082
Investors@kbr.com

Media
Brenna Hapes
External Global Communications
713-753-3800
Mediarelations@kbr.com