KBR Secures Ethylene Technology Contract From Hyundai Engineering And Técnicas Reunidas For Undisclosed Sum

KBR, Inc. KBR has secured a licensing technology contract from Hyundai Engineering and Técnicas Reunidas for PKN ORLEN's Petrochemical Development Program in Plock, Poland. The terms of the contract were not disclosed.
KBR will provide technology license, basic engineering design, and proprietary equipment for its ethylene technology, Selective Cracking Optimum Recovery (SCORE), for PKN ORLEN's Olefins Complex III Project.
"SCORE continues to lead the industry in delivering the highest yields and operational flexibility while minimizing the carbon footprint," said Doug Kelly, KBR President, Technology.
Price Action: KBR shares traded lower by 0.66% at $37.88 on the last check Monday.