houston, September 22, 2022 /PRNewswire/ — KBR (NYSE: KBR) today announced that it has entered into a Master License and Engineering Agreement with Giammarco-Vertrocoke SRL to globally license its carbon capture technology.
This carbon capture technology is well proven, energy efficient, flexible and can be integrated across the value chain of today’s blue ammonia, petrochemical and refining industries.
“We are delighted to enter into this agreement with Giammarco-Vetrocoke as it will allow us to integrate and deploy critical carbon capture solutions today to help our clients achieve their sustainability goals.” Doug Kelly, KBR President, Technology. Furthermore, we are confident that by leveraging this solution across our portfolio, we will be able to implement smart and efficient carbon capture solutions in both existing and new projects. ”
“Expanding our cooperation with KBR will expand our footprint in the industry around the world.” Luigi Tomasi, General Manager, Gianmarco Vetrokok. “This agreement is consistent with Giammarco-Vetrocoke’s mission to mitigate the impacts of climate change by capturing as much CO as possible.2 as possible. “
KBR strives to create a better, safer and more sustainable world and is committed to developing sustainable solutions to the world’s most pressing challenges.
We provide science, technology and engineering solutions to governments and businesses around the world. KBR employs approximately 28,000 people in diverse, complex and mission-critical roles in 34 countries.
KBR is proud to work with customers around the world to provide technology, value-added services, long-term operation and maintenance services, and consistently deliver predictable results. At KBR, we deliver.
Giammarco-Vetrocoke is a world-renowned licensor of CO2 capture processes based on activated hot potassium carbonate (HPC) solutions. During his 70 years of activity, 15 major patents have been developed, extended worldwide and licensed for nearly 400 industrial applications. Giammarco-Vetrocoke is located at: Venice, Italy We serve clients all over the world.
Statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of federal securities laws. These statements are subject to a number of risks and uncertainties, many of which are beyond our control, and could cause actual results to differ materially from those expressed or implied by the statements. These risks and uncertainties include, but are not limited to: responding to the material adverse effects of the COVID-19 pandemic on economic and market conditions, and the resulting challenges and business disruptions; the company’s ability to The recent turmoil in global energy markets. The company’s ability to manage liquidity. Results and publicity of audits and investigations by domestic and foreign governmental and legislative bodies. potential adverse proceedings by such institutions, and potential adverse consequences and consequences from such proceedings; changes in capital expenditures by the Company’s customers; A company’s ability to obtain contracts from existing and new customers and to perform under those contracts. Structural changes in the industry in which the company operates. Rising costs associated with the performance of fixed-fee projects and the company’s ability to manage costs under the contract. Claim negotiations and contract disputes with the company’s customers. changes in oil and/or natural gas demand or prices; protection of intellectual property rights; compliance with environmental laws; Changes in Government Regulations and Regulatory Requirements. Compliance with Income Tax Laws. The unstable political situation, the effects of war and terrorism. Foreign Business and Foreign Exchange Rates and Management. Development and establishment of the financial system. Possible cyber and malware attacks. Increased competition for employees. Ability to successfully complete and integrate acquisitions. operating joint ventures, including joint ventures not controlled by the company;
The company’s most recent Annual Report on Form 10-K, subsequent Forms 10-Q and 8-K, and other filings with the U.S. Securities and Exchange Commission have identified business It discusses some of the important risk factors that may operating results and financial condition; Except as required by law, we undertake no obligation to publicly revise or update any forward-looking statements for any reason.
SOURCE KBR Co., Ltd.