KBR Signs Acetic Acid Technology Alliance with Chiyoda
Houston, Texas - November 3, 2014 - KBR Inc. (NYSE: KBR) announced today it has signed an agreement with Chiyoda Corporation, a leading engineering and construction firm in Japan, to license its CT-ACETICA™ technology.
Chiyoda developed the CT-ACETICA process, a methanol-carbonylation process that uses methanol and carbon monoxide as feedstock to produce acetic acid. The process employs a heterogeneous catalyst for the efficient production of acetic acid.
The process has tangible advantages including i) the easy-to-handle catalyst, ii) limited loss of precious rhodium, iii) efficient reactor, iv) low content of by-products, and v) relatively low corrosivity. Acetic acid is used in the production of paints and coatings, plastic bottles, adhesives and disinfectants.
Under the terms of the agreement, KBR will exclusively license CT-ACETICA technology worldwide. CT-ACETICA is uniquely positioned as an open-market licensed acetic acid technology.
KBR's vast global marketing channels will provide Chiyoda increased opportunities to license their technology," said Stuart Bradie, KBR President and CEO. "This technology adds to our already extensive chemicals technology portfolio."
Expected revenue from this alliance will be booked as licenses are awarded to the Hydrocarbons business segment.
About KBR
KBR is a global engineering, construction and services company supporting the energy, hydrocarbons, chemicals, industrial, civil infrastructure, minerals, government services and commercial markets. For more information, visit www.kbr.com.
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