ACME Group Picks KBR Technology For Green Ammonia Project In Oman

KBR, Inc's KBR ammonia technology has been selected by ACME Group for its green ammonia project to be built in Oman. The financial terms of the contract were not disclosed.
KBR will provide technology license, engineering, proprietary equipment, catalyst, and commissioning services for a plant to produce 300 metric tons per day of ammonia. The plant will be an integrated facility using solar and wind energy to produce green ammonia.
"Energy transition driven by green ammonia is a reality, and KBR will play a pivotal role in helping innovative companies like ACME establish early-mover advantages through our industry-leading technology," commented Doug Kelly, KBR President, Technology.
Price Action: KBR shares closed lower by 0.36% at $41.65 on Friday.