Houston, April 1, 2019 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) announced today that it has been awarded a contract by Saudi Aramco for KBR's market leading Supercritical Solvent Deasphalting (SDA) technology ROSE®.
Under the terms of the contract, KBR will provide a 3-product ROSE® technology license, basic engineering design, and proprietary equipment for Saudi Aramco's residue upgrading and clean fuels project at the Riyadh Refinery in Saudi Arabia. Our proven 3-product ROSE® scheme will be designed to meet Saudi Aramco's specific objectives for their project.
KBR's highly efficient ROSE® technology requires up to 60% less energy than other technologies and is designed for ease of operation, safety and high reliability. Leading KBR's line of environmentally friendly technologies, ROSE® is setting the industry standard for assisting refiners in complying with the new International Marine Organization (IMO) fuel regulations that take effect in 2020 (IMO2020).
"We are honored that Saudi Aramco has selected the ROSE® process for their clean fuels project at the Riyadh Refinery," said John Derbyshire, KBR President, Technology. "This award underscores our market leadership in residue upgrading solutions to help our clients address IMO2020 compliance challenges and improve the profitability of their refining assets."
As the 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 the ROSE® technology globally.
About KBR, Inc.
KBR is a global provider of differentiated professional services and technologies across the asset and program lifecycle within the Government Services and Hydrocarbons sectors. KBR employs approximately 36,000 people worldwide (including our joint ventures), with customers in more than 75 countries, and operations in 40 countries, across three synergistic global businesses:
- Government services, serving government customers globally, including capabilities that cover the full lifecycle of defense, space, aviation and other government programs and missions from research and development, through systems engineering, test and evaluation, program management, to operations, maintenance, and field logistics
- Technology, including proprietary technology focused on the monetization of hydrocarbons (especially natural gas and natural gas liquids) in ethylene and petrochemicals; ammonia, nitric acid and fertilizers; oil refining and gasification
- Hydrocarbons Services, including onshore oil and gas; LNG (liquefaction and regasification)/GTL; oil refining; petrochemicals; chemicals; fertilizers; differentiated EPC; maintenance services (Brown & Root Industrial Services); offshore oil and gas (shallow-water, deep-water, subsea); floating solutions (FPU, FPSO, FLNG & FSRU); program management and consulting services
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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