HOUSTON, March 16, 2023 /PRNewswire/ — KBR (NYSE: KBR) announced now that CVR Power, Inc.’s Board of Directors has authorized the subsequent phase of the revamp of the alkylation unit at its subsidiary’s crude oil refinery situated in Wynnewood, Oklahoma.
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This phase entails the completion of engineering, design and style, module fabrication and building for KBR’s Strong Acid Alkylation Technologies (K-SAAT™) unit to do away with hydrofluoric (HF) acid from the refinery. KBR’s contract incorporates the provide of a completely engineered and fabricated modular answer along with KBR’s proprietary catalyst for the project.
“We view this as a landmark project for the U.S. refining business,” stated Doug Kelly, KBR President, Technologies. “The Wynnewood refinery will be the very first U.S. implementation of K-SAAT technologies, which in addition to delivering larger alkylate yield, must offer tangible environmental and security positive aspects. We think other major refiners will adopt this technologies offered its clear ESG benefit.”
“We are pleased to move forward with this critical project,” stated Dave Lamp, President & Chief Executive Officer of CVR Power. “It represents however a different instance of CVR Energy’s efforts to concentrate on secure, effective and trusted operations, and must raise gasoline production by upgrading decrease-valued propylene.”
KBR’s K-SAAT delivers an chance to maximize the yield and excellent of an ultra-clean gasoline blendstock with the ExSact™ catalyst, a revolutionary strong-acid catalyst that has been engineered to outperform liquid acid catalysts.
We provide science, technologies and engineering options to governments and organizations about the globe. KBR employs about 30,000 individuals performing diverse, complicated and mission-essential roles in 34 nations.
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Forward Hunting Statement
The statements in this press release that are not historical statements, such as statements with regards to implementation and adoption of KBR’s K-SAAT technologies, are forward-searching statements inside the which means of the federal securities laws. These statements are topic to quite a few dangers and uncertainties, numerous of which are beyond the company’s handle that could bring about actual outcomes to differ materially from the outcomes expressed or implied by the statements. These dangers and uncertainties involve, but are not restricted to: the ongoing conflict amongst Russia and Ukraine and the associated impacts on our small business as we wind down our small business operations in Russia the possible adverse financial and marketplace circumstances, such as interest price and currency exchange price fluctuations, such as as a outcome of pandemics such as COVID-19 the current dislocation of the international power marketplace the company’s potential to handle its liquidity the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies possible adverse proceedings by such agencies and possible adverse outcomes and consequences from such proceedings adjustments in capital spending by the company’s prospects the company’s potential to get contracts from current and new prospects and execute beneath these contracts structural adjustments in the industries in which the enterprise operates escalating expenses related with and the efficiency of fixed-charge projects and the company’s potential to handle its price beneath its contracts claims negotiations and contract disputes with the company’s prospects adjustments in the demand for or cost of oil and/or organic gas protection of intellectual home rights compliance with environmental laws adjustments in government regulations and regulatory specifications compliance with laws associated to earnings taxes unsettled political circumstances, war and the effects of terrorism foreign operations and foreign exchange prices and controls the improvement and installation of economic systems the possibility of cyber and malware attacks improved competitors for workers the potential to effectively comprehensive and integrate acquisitions and operations of joint ventures, such as joint ventures that are not controlled by the enterprise.
The company’s most not too long ago filed Annual Report on Kind ten-K, any subsequent Kind ten-Qs and eight-Ks, and other U.S. Securities and Exchange Commission filings talk about some of the critical threat things that the enterprise has identified that might influence its small business, outcomes of operations and economic situation. Except as essential by law, the enterprise undertakes no obligation to revise or update publicly any forward-searching statements for any cause.
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