KBR Bags Technology Contract For Two Nitric Acid Plant Expansions

KBR, Inc. KBR has been awarded a nitric acid technology contract by Haifa Group for two of its process plants at Mishor Rotem, Israel. The contract size was not disclosed.
KBR will provide license, basic engineering design, and proprietary equipment for both plants to deliver a capacity increase of ~35% at each plant.
"KBR has the industry's leading design for energy-efficient nitric acid production in both mono-pressure and dual-pressure plants, and we look forward to working with Haifa to deliver higher production capacities while lowering plant emissions and operating expenses," commented Doug Kelly, KBR President for Technology.
Price action: KBR shares are trading higher by 0.79% at $39.39 on the last check Wednesday.

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