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KBR Awarded Contract for Solvent Deasphalting Technology by ANCAP; Financial Terms Not Disclosed

KBR's (NYSE: KBR) premier, market-leading Solvent Deasphalting (SDA) Technology, ROSE®, has been selected by Uruguay's sole refinery, ANCAP, for a strategic upgrade project.

Benzinga · -
KBR's (NYSE: KBR) premier, market-leading Solvent Deasphalting (SDA) Technology, ROSE®, has been selected by Uruguay's sole refinery, ANCAP, for a strategic upgrade project. Under the terms of the contract, KBR will provide technology licensing, basic engineering design, and proprietary equipment for a 6,000 BPSD ROSE unit.  The unit will allow ANCAP the operational flexibility for changing market conditions while supplying higher grade cleaner products and reducing its environmental footprint. "We are proud that KBR's world-leading ROSE technology was selected by ANCAP for its integrated refinery complex in Uruguay," said Doug Kelly, KBR President, Technology Solutions. "In these challenging times, our process technologies continue to provide our clients with the differentiation and competitive advantage they need to adapt their businesses for the future." As the global market leader in SDA technology, KBR has licensed over 90% of the world's installed SDA capacity and continues to see a strong demand for ROSE technology globally.