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Benzinga
Benzinga
Business
Akanksha Bakshi

KBR Bags Contract From Midstream Company For US Petrochemicals Project

KBR NYSE
  • KBR, Inc. (NYSE:KBR) secured a contract from a midstream company for a world-scale olefins production facility to be built on the U.S. Gulf Coast. Financial terms were not disclosed.
  • KBR will provide the license and engineering for the olefins production plant.
  • "We are excited to support our client's vision for this ambitious petrochemical venture," said Doug Kelly, KBR President, Technology.
  • Based on KBR's K-COT and SCORE technology, the planned project will provide the owner and their partners an opportunity to develop on existing infrastructure.
  • Price Action: KBR shares are trading higher by 2.76% at $54.64 on the last check Thursday.
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