HOUSTON, March 16, 2023 /PRNewswire/ — KBR (NYSE: KBR) announced these days that CVR Power, Inc.’s Board of Directors has authorized the subsequent phase of the revamp of the alkylation unit at its subsidiary’s crude oil refinery positioned in Wynnewood, Oklahoma.
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This phase entails the completion of engineering, design and style, module fabrication and building for KBR’s Strong Acid Alkylation Technologies (K-SAAT™) unit to get rid of hydrofluoric (HF) acid from the refinery. KBR’s contract consists of the provide of a completely engineered and fabricated modular remedy along with KBR’s proprietary catalyst for the project.
“We view this as a landmark project for the U.S. refining business,” mentioned Doug Kelly, KBR President, Technologies. “The Wynnewood refinery will be the initial U.S. implementation of K-SAAT technologies, which in addition to delivering greater alkylate yield, ought to deliver tangible environmental and security positive aspects. We think other top refiners will adopt this technologies provided its clear ESG benefit.”
“We are pleased to move forward with this significant project,” mentioned Dave Lamp, President & Chief Executive Officer of CVR Power. “It represents however a further instance of CVR Energy’s efforts to concentrate on protected, effective and trusted operations, and ought to enhance gasoline production by upgrading decrease-valued propylene.”
KBR’s K-SAAT delivers an chance to maximize the yield and top quality of an ultra-clean gasoline blendstock with the ExSact™ catalyst, a revolutionary strong-acid catalyst that has been engineered to outperform liquid acid catalysts.
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Forward Hunting Statement
The statements in this press release that are not historical statements, like statements relating to implementation and adoption of KBR’s K-SAAT technologies, are forward-searching statements inside the which means of the federal securities laws. These statements are topic to quite a few dangers and uncertainties, several of which are beyond the company’s handle that could trigger actual final results to differ materially from the final results expressed or implied by the statements. These dangers and uncertainties incorporate, but are not restricted to: the ongoing conflict amongst Russia and Ukraine and the connected impacts on our enterprise as we wind down our enterprise operations in Russia the possible adverse financial and market place circumstances, such as interest price and currency exchange price fluctuations, like as a outcome of pandemics such as COVID-19 the current dislocation of the worldwide power market place the company’s potential to handle its liquidity the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies possible adverse proceedings by such agencies and possible adverse final results and consequences from such proceedings adjustments in capital spending by the company’s shoppers the company’s potential to acquire contracts from current and new shoppers and carry out beneath these contracts structural adjustments in the industries in which the corporation operates escalating fees related with and the efficiency of fixed-charge projects and the company’s potential to handle its price beneath its contracts claims negotiations and contract disputes with the company’s shoppers adjustments in the demand for or value of oil and/or organic gas protection of intellectual house rights compliance with environmental laws adjustments in government regulations and regulatory needs compliance with laws connected to revenue taxes unsettled political circumstances, war and the effects of terrorism foreign operations and foreign exchange prices and controls the improvement and installation of economic systems the possibility of cyber and malware attacks improved competitors for personnel the potential to effectively full and integrate acquisitions and operations of joint ventures, like joint ventures that are not controlled by the corporation.
The company’s most not too long ago filed Annual Report on Kind ten-K, any subsequent Kind ten-Qs and eight-Ks, and other U.S. Securities and Exchange Commission filings go over some of the significant danger components that the corporation has identified that may possibly impact its enterprise, final results of operations and economic situation. Except as essential by law, the corporation undertakes no obligation to revise or update publicly any forward-searching statements for any purpose.
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