Houston, TX /PRNewswire/ -- KBR (NYSE: KBR) announced today that it has been awarded a contract by Qingdao Haiwan Chemical Co., Ltd. (Haiwan Chemical) to license KBR's leading phenol and acetone technology for a new phenol and acetone plant in Qingdao City, Shandong Province, China.
Under the terms of the contract, KBR will provide the technology license and basic engineering design (LBED) as well as technical and training services to Haiwan Chemical for building a grassroots 320,000 tons per annum phenol/acetone plant in Dongjiakou Industrial Zone, Qingdao, Shandong Province in China.
"We are honored to bring our superior phenol/acetone technology to Haiwan Chemical," said John Derbyshire, President, KBR Technology Solutions. "KBR is committed to working closely with the project team to deliver the next world-class project."
"KBR's phenol process has been on the leading edge for more than 60 years and KBR is continuously making innovative technical improvements to maintain its competitiveness," said Mr. Gao Zijian, General Manager of Haiwan Chemical. "I believe this phenol plant will be playing an important role in our corporation's progress of industrial transformation and upgrading. "
KBR is a global technology licensor, and has offered leading-edge phenol and acetone technology for more than 60 years, and completed more than 50 phenol projects worldwide.
About KBR, Inc.
KBR is a global provider of differentiated professional services and technologies across the asset and program lifecycle within the Government Solutions and Energy sectors. KBR employs approximately 38,000 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.
Forward Looking Statement
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