KBR Furthers Sustainability Dedication with Impressive Plastics Recycling System in Alliance with Mura Technological know-how

HOUSTON, Jan. 14, 2021 /PRNewswire/ — January 14, 2021 – KBR, Inc. (NYSE: KBR) declared now that it has signed an alliance agreement with Mura Know-how Constrained to present Cat-HTR^TM, an innovative state-of-the-art plastics recycling course of action.

Cat-HTR is a sustainability-focused, innovative technological innovation that recycles end-of-existence plastic this sort of as slim plastic packaging, which would otherwise be combusted, despatched to landfills or leaked into the setting. Cat-HTR converts these blended plastics into an intermediate hydrocarbon feedstock that can be further refined to create virgin polymers and substances. The technology is primarily based on a patented hydrothermal upgrading course of action which makes use of supercritical h2o to develop stable hydrocarbon goods from a broad variety of combined plastic waste.

Mura has invested more than 10 many years in the growth of this engineering and has tested its efficiency at a big-scale pilot plant in Australia. Mura was awarded its to start with professional license in 2020.

Under the terms of the alliance, KBR will be the special licensing partner for Mura Technologies and will supply experiments, basic engineering, technological companies, proprietary devices and modules for the Cat-HTR technological know-how to clients across the planet. &#13

“We are extremely energized to announce that KBR will offer you Cat-HTR for license to customers so they can efficiently recycle conclude-of-lifetime squander plastic and change it into a reusable feedstock for plastics or other precious substances generation,” said Doug Kelly, KBR President, Technologies. “This technological innovation aligns with KBR’s determination to sustainability by lowering lifecycle greenhouse fuel emissions and the volume of squander that enters landfills and the setting, when contributing to the advancement of the plastic round economy.”

“We believe that that aligning with KBR will make it achievable to meet up with the robust world wide need for a remarkable plastic recycling procedure,” said Dr. Steve Mahon, CEO, Mura Technological know-how. “Cat-HTR presents an ground breaking state-of-the-art recycling option to one particular of the premier world wide pollution concerns we deal with these days, and we appear ahead to the business roll-out of our game-switching know-how with KBR.”

KBR has been a chief in petrochemical plant design and style, construction and technologies advancement for extra than 50 many years.

Mura Technology’s Cat-HTR technological innovation is at the centre of their world ambition for 1,000,000 annual tons of plastic recycling in procedure or development by 2025.

About KBR&#13

We provide science, know-how and engineering remedies to governments and corporations all over the earth. KBR employs around 28,000 people today around the globe with buyers in more than 80 international locations and operations in 40 international locations.

KBR is proud to perform with its buyers throughout the world to provide technology, worth-additional providers, and extensive- term functions and servicing solutions to make certain constant shipping and delivery with predictable outcomes. At KBR, We Produce.

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Ahead On the lookout Statement

The statements in this press release that are not historic statements, which includes statements relating to upcoming financial effectiveness, are ahead-searching statements within the meaning of the federal securities laws. These statements are issue to a lot of risks and uncertainties, numerous of which are further than the company’s command that could cause precise final results to differ materially from the benefits expressed or implied by the statements. These dangers and uncertainties consist of, but are not limited to: the significant adverse impacts on economic and sector ailments of the COVID-19 pandemic the company’s capacity to react to the worries and small business disruption introduced by the COVID-19 pandemic the new dislocation of the worldwide electrical power current market the company’s ability to comprehend expense financial savings and efficiencies relating to the streamlining of its Electrical power Answers enterprise the firm’s skill to deal with its liquidity the company’s capability to go on to create predicted stages of earnings, revenue and dollars circulation from functions all through the COVID-19 pandemic and any ensuing financial downturn the consequence of and the publicity encompassing audits and investigations by domestic and overseas authorities agencies and legislative bodies opportunity adverse proceedings by such agencies and probable adverse effects and repercussions from these kinds of proceedings the scope and enforceability of the company’s indemnities from its previous dad or mum improvements in money spending by the company’s buyers, which includes as a end result of the COVID-19 pandemic the company’s means to obtain contracts from present and new prospects and carry out under individuals contracts structural adjustments in the industries in which the business operates escalating prices associated with and the general performance of fastened-charge projects and the company’s capability to manage its price less than its contracts claims negotiations and contract disputes with the firm’s buyers adjustments in the need for or value of oil and/or organic fuel safety of intellectual home legal rights compliance with environmental legislation changes in govt rules and regulatory prerequisites compliance with legal guidelines related to earnings taxes unsettled political conditions, war and the results of terrorism foreign operations and overseas trade premiums and controls the enhancement and set up of money methods increased levels of competition for workers the capacity to efficiently total and integrate acquisitions and functions of joint ventures, which includes joint ventures that are not controlled by the business.&#13

KBR’s most just lately filed Yearly Report on Type 10-K, any subsequent Form 10-Qs and 8-Ks, and other U.S. Securities and Trade Fee filings go over some of the essential chance things that KBR has discovered that might influence the organization, results of functions and money situation. Except as demanded by law, KBR undertakes no obligation to revise or update publicly any ahead-looking statements for any explanation.

 

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