- KBR, Inc. KBR has secured a contract for its ROSE supercritical Solvent De-Asphalting technology and Vacuum Distillation Unit from Taiwan's state-owned oil company, CPC Corporation. Financial terms were not disclosed.
- KBR will provide a license, basic engineering, and proprietary equipment to CPC for its proprietary ROSE technology and will supply the engineering package for the upstream Vacuum Distillation Unit.
- ROSE technology is a cost-effective residue upgrading process that allows refiners to produce higher grade, cleaner products while reducing the facility's carbon footprint.
- Price Action: KBR shares are trading lower by 0.54% at $52.78 on the last check Wednesday.
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