KBR Bags Digital Advisory Services Contract From OCI Beaumont

KBR, Inc. KBR has secured a three-year contract to provide KBR INSITE monitoring and advisory services to OCI's integrated ammonia-methanol plant in Beaumont, Texas. The company did not disclose the financial details of the contract.
KBR INSITE is a cloud-based remote plant monitoring service within KBR's Digital Sustainability Suite.
"KBR INSITE aims to extend the operating life of the Beaumont plant while helping drive carbon reduction and energy efficiency in a sustainable way," commented Jay Ibrahim, KBR President, Sustainable Technology Solutions.
Price Action: KBR shares closed higher by 1.18% at $37.65 on Wednesday.