KBR Bags Contract From PKN ORLEN For Plastics Recycling Projects

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  • 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.
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