KBR Wins Blue Hydrogen Technology and Engineering Contract for EET Hydrogen Facilities

HOUSTON, Sept. 26, 2023 /PRNewswire/ -- KBR (NYSE: KBR) announced today that it has been awarded a blue hydrogen process technology and front-end engineering design (FEED) contract by EET Hydrogen for its planned HPP2 low-carbon hydrogen facility at HyNet, the UK's leading industrial decarbonization project.

Under the terms of the agreements, KBR will provide technology licensing, proprietary engineering design and equipment, catalyst and FEED for up to 1000 MW plant capacity to be located at the Stanlow Manufacturing Complex. HyNet includes hydrogen production and supply, and carbon capture and sequestration (CCS) to support the decarbonization of hard-to-abate sectors in a region of concentrated conventional energy usage.

"We are excited to support EET Hydrogen on this significant decarbonization project. KBR will apply its proprietary hydrogen knowledge and technology to help deliver the largest blue hydrogen energy transition project in the UK," said Jay Ibrahim, President, KBR Sustainable Technology Solutions. "This strategic win attests to our commitment towards helping our clients with both their ESG and business objectives."

KBR has been a leader in engineering design, process technology development, commercialization, and plant design solutions for over 50 years.

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 33,000 people performing diverse, complex and mission-critical roles in 33 countries.

KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.

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Forward Looking Statements

The statements in this press release that are not historical statements, including statements regarding the company's performance of its contract with EET Hydrogen, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks, uncertainties and assumptions, many of which are beyond the company's control, that could cause actual results to differ materially from the results expressed or implied by the statements. These risks, uncertainties and assumptions include, but are not limited to, those set forth in the company's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks and other U.S. Securities and Exchange Commission filings, which discuss some of the important risks, uncertainties and assumptions that the company has identified that may affect its business, results of operations and financial condition. Due to such risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

SOURCE KBR, Inc.