- KBR, Inc. KBR has been awarded a feasibility study contract by PKN ORLEN to evaluate plastics recycling projects in Central Europe utilizing its Hydro-PRT technology. The financial terms of the contract were not disclosed.
- KBR and PKN ORLEN intend to collaborate on the development of future projects.
- Hydro-PRT is a recycling technology that converts waste plastic into petrochemical and refinery products and is offered by KBR in alliance with Mura Technology.
- "This contract represents an important milestone for KBR and PKN ORLEN to assess the long-term potential of this breakthrough technology," said Doug Kelly, KBR President, Technology.
- Price Action: KBR shares closed lower by 1.20% at $38.85 on Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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