KBR Wins Contract for Licensing, Design Services for Two Ammonia Plants in Algeria
Houston, Texas - September 10, 2014 - KBR Inc. (NYSE: KBR) announced today that it has been awarded a contract by Fertial SpA to provide licensing and basic engineering design services to revamp Fertial's Annaba and Arzew ammonia plants in Algeria.
Under the terms of the contracts, KBR will supply Fertial its proprietary ammonia technology to significantly increase the production capacity of the Annaba and Arzew plants while simultaneously helping Fertial increase energy efficiency and overall reliability.
"Fertial has embarked on an ambitious plan to revamp its ammonia plants in Algeria and we are very pleased to enter into a contract with KBR to help us achieve our strategic objectives," said Mr. Jorge Requena, Fertial Chief Executive Officer.
Considered a world leader in ammonia technology, KBR has been involved in the licensing, design, engineering and/or construction of more than 230 ammonia plants worldwide.
"This contract is a testament to KBR's expertise in the ammonia industry. We are pleased to continue our work with Fertial as it expands its Annaba and Arzew ammonia plants," said Stuart Bradie, KBR President and Chief Executive Officer.
The contract value was not disclosed. Expected revenue from the contract will be included in KBR's third quarter 2014 backlog of unfilled orders for its Hydrocarbons segment.
About KBR
KBR is a global engineering, construction and services company supporting the energy, hydrocarbons, power, industrial, civil infrastructure, minerals, government services and commercial markets. For more information, visit www.kbr.com.
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