June 20, 2024

Tyna Woods

Technology does the job

KBR and ExxonMobil Catalyst Licensing to Collaborate on Following Generation Propane Dehydrogenation Technology

HOUSTON, March 24, 2022 /PRNewswire/ — KBR (NYSE: KBR) and ExxonMobil Catalysts and Licensing LLC (“ExxonMobil”) will collaborate to deliver sizeable breakthroughs to propane dehydrogenation (PDH) know-how.

KBR, Inc.

Under the collaboration, ExxonMobil’s new proprietary catalyst technology will be blended with KBR’s proprietary K-PRO℠ Propane Dehydrogenation (PDH) technology to convert propane into propylene. Enabled by the outstanding performance of ExxonMobil’s new catalyst, the mixed technologies resolution could supply fiscal cost savings as opposed to PDH systems at the moment accessible.

“The collaboration with ExxonMobil is enjoyable not only for new K-Professional consumers but also for current K-Professional licensees who could have the probable to maximize potential and minimize operating expenses by upgrading to the new catalyst,” explained Doug Kelly, KBR President, Technological know-how. “This joint technological know-how offering, which is anticipated to function significantly reduced electrical power usage, adds to KBR’s developing portfolio of sustainable alternatives.”

“KBR’s K-Pro technologies and our up coming generation catalyst are a fantastic in good shape and our collaboration with KBR will noticeably assistance to minimize time to commercialize our up coming generation catalyst for PDH,” mentioned James Ritchie, President of ExxonMobil Catalysts and Licensing LLC.

This cooperation provides jointly about 50 several years of both equally ExxonMobil’s innovative leadership in the advancement of specialty catalysts and KBR’s leadership in engineering enhancement, plant structure and construction.

About KBR
We supply science, technologies and engineering remedies to governments and companies all-around the globe. KBR employs roughly 28,000 men and women executing varied, complicated and mission crucial roles in 34 countries.

KBR is very pleased to do the job with its shoppers throughout the world to deliver technological innovation, worth-additional companies, and lengthy- expression functions and upkeep companies to assure constant shipping with predictable results. At KBR, We Provide.

Visit www.kbr.com  

About ExxonMobil Catalysts and Licensing LLC
ExxonMobil’s chopping-edge proprietary catalysts, fuel treating solvents and advantaged approach technologies enable refineries, petrochemical manufacturers and gasoline processors raise capability, reduced charges, improve margins, lower emissions and operate harmless, reliable and economical services. Ready for much better results across your refining, gasoline and chemical demands? See our online video.

About ExxonMobil Chemical
ExxonMobil Chemical is one particular of the most significant chemical companies in the planet. The enterprise holds leadership positions in some of the major-quantity and maximum-progress commodity chemical items. ExxonMobil Chemical has production ability in each and every main area of the earth, serving large and increasing markets. Much more than 90 per cent of the company’s chemical capacity is integrated with ExxonMobil refineries or organic fuel processing plants.  To understand additional, visit www.exxonmobilchemical.com. Stick to us on Twitter and LinkedIn.

Ahead Searching Statement

The statements in this press launch that are not historical statements, like statements about long term economical functionality, are ahead-wanting statements within just the indicating of the federal securities laws. These statements are topic to many risks and uncertainties, lots of of which are further than the firm’s management that could lead to actual benefits to vary materially from the outcomes expressed or implied by the statements. These pitfalls and uncertainties include things like, but are not confined to: the significant adverse impacts on economic and industry situations of the COVID-19 pandemic and the firm’s potential to answer to the resulting challenges and organization disruption the latest dislocation of the world electricity industry the company’s skill to handle its liquidity the end result of and the publicity encompassing audits and investigations by domestic and international federal government businesses and legislative bodies prospective adverse proceedings by such businesses and opportunity adverse results and repercussions from these kinds of proceedings changes in funds expending by the firm’s prospects the firm’s ability to obtain contracts from present and new clients and conduct below all those contracts structural improvements in the industries in which the firm operates escalating charges linked with and the effectiveness of mounted-payment tasks and the company’s means to command its value beneath its contracts claims negotiations and contract disputes with the firm’s clients modifications in the demand for or selling price of oil and/or pure gas security of intellectual home rights compliance with environmental guidelines changes in governing administration rules and regulatory necessities compliance with legal guidelines related to cash flow taxes unsettled political conditions, war and the effects of terrorism foreign operations and foreign exchange rates and controls the growth and installation of economical methods the chance of cyber and malware attacks increased competitiveness for staff the means to productively entire and integrate acquisitions and operations of joint ventures, which include joint ventures that are not managed by the firm.

The firm’s most recently submitted Annual Report on Kind 10-K, any subsequent Form 10-Qs and 8-Ks, and other U.S. Securities and Trade Commission filings explore some of the critical threat factors that the enterprise has determined that may have an effect on its company, effects of operations and financial affliction. Besides as expected by law, the company undertakes no obligation to revise or update publicly any ahead-hunting statements for any purpose.

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Resource KBR, Inc.