Houston, TX /PRNewswire/ - KBR, Inc. (NYSE: KBR) announced today it has entered into an Engineering Agreement for the Residue Hydroprocessing unit at the Jordan Petroleum Refinery (JPRC) Expansion Project. This award follows an earlier decision for KBR as selected licensor for its proprietary Veba Combi Cracking (VCC) technology.
KBR will provide the basic design package for the unit using its proprietary VCC slurry phase hydrocracking technology. This unique technology is capable of processing a wide range of feedstocks and enables production of fuels that meet environmental specifications without further upgrading.
"JPRC selected VCC technology among several alternative processes for the conversion of the bottom of the barrel in its forthcoming expansion project," said Abdel Karim Alawin, JPRC CEO. "JPRC was looking for a feasible process that yields clean products with minimum negative environmental impact."
"Thorough and careful evaluation led to the selection of VCC technology which we think will be the technology of choice for future residue conversion projects," Alawin said. "We certainly look forward to working with KBR to get this project on stream."
The VCC technology will be implemented at JPRC's refinery in Jordan and will be the core of the refinery's expansion plans to increase production to 120,000 barrels per day.
"KBR is committed to the success of JPRC's 4th Refinery Expansion," said John Derbyshire, President, KBR Technology and Consulting. "We are excited to implement our unique VCC Technology and contribute to the success of this important and prestigious project."
"With its recent implementation in Russia and China, VCC technology has emerged as the most successful slurry phase hydrocracking technology to reliably produce high quality finished products from heavy feeds," Derbyshire continued.
KBR's portfolio of refining technologies enables refiners to process a wide variety of crudes, including heavy opportunity crudes, while retaining the flexibility to adjust the fuel mix and quality to meet ever changing market demands. KBR's experience as a technology developer and licensor, along with comprehensive studies and proven project delivery capabilities, has resulted in KBR licensing, designing or constructing more than 60 greenfield refineries and well over 1,000 refining units of every type and size around the world.
Revenue associated with this project will be booked into backlog of unfilled orders for KBR's Technology and Consulting Business Segment in the fourth quarter of 2017.
About KBR, Inc.
KBR is a global provider of differentiated professional services and technologies across the asset and program life cycle within the Government Services and Hydrocarbons sectors. KBR employs over 34,000 people worldwide (including our joint ventures), with customers in more than 80 countries, and operations in 40 countries, across three synergistic global businesses:
KBR is proud to work with its customers across the globe to provide technology, value-added services, integrated EPC delivery and long term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
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