HOUSTON, May 22, 2024
/PRNewswire/ -- KBR (NYSE: KBR) and Sumitomo Chemical announced
today that they have signed an alliance agreement to make KBR an
exclusive licensing partner for Sumitomo Chemical's
state-of-the-art propylene oxide by cumene (POC) technology.
Propylene oxide is an intermediate product used primarily in the
further manufacture of polyurethanes. Polyurethane is used in many
products such as foams, coatings, adhesives and sealants which
serve growing industries such as construction, industrials and
automotive.
Sumitomo Chemical's process for propylene oxide production is a
unique, environmentally friendly technology that delivers minimal
carbon footprint compared to other processes. With lower wastewater
generation, and an optimized energy recovery system, this process
ensures high propylene oxide yield, and smooth and safe plant
operations.
Under the alliance, Sumitomo Chemical's innovative technology
will be delivered to a global customer base, enabled by KBR's
global marketing reach and engineering capabilities. Additionally,
this technology is complementary to KBR's existing, leading phenol
technology.
"This alliance combines KBR's proven experience in licensing
sustainable chemical processes on a world scale, complemented by
Sumitomo Chemical's outstanding expertise in propylene oxide
production and a track record of several decades of safe, stable
and reliable plant operations globally," said Jay Ibrahim, President, KBR Sustainable
Technology Solutions. "Sumitomo Chemical's POC technology not only
delivers the co-product-free pathway to produce propylene oxide but
also significantly reduces carbon emission through the recent
enhancement of its energy efficiency features. This aligns with
KBR's vision and commitment towards providing sustainable solutions
to its customers."
"Sumitomo Chemical is proud to partner with KBR to provide this
exceptional and environmentally friendly technology to clients
worldwide, through which they can accelerate their sustainability
goals while maximizing the value of their propylene derivatives,"
said Seiji Takeuchi, Sumitomo Chemical's Senior Managing
Executive Officer for the Essential Chemicals & Plastics
Sector. "KBR's extensive licensing and engineering expertise
provides Sumitomo Chemical with a world-class partner to expand its
pacesetting technology to a wider market."
About KBR
We deliver science, technology and engineering solutions to
governments and companies around the world. KBR employs
approximately 35,000 people worldwide with customers in more than
80 countries and operations in over 30 countries.
KBR is proud to work with its customers across the globe to
provide technology, value-added services, and long-term operations
and maintenance services to ensure consistent delivery with
predictable results. At KBR, We Deliver.
Visit www.kbr.com
About Sumitomo Chemical
Sumitomo Chemical Co., Ltd. is a Japan-based chemicals conglomerate which
operates in the Essential Chemicals & Plastics Sector, Energy
& Functional Materials Sector, IT-related Chemicals Sector,
Health & Crop Sciences Sector, Pharmaceuticals Sector, and
other sectors.
Sumitomo Chemical contributes to the accelerating transition
into carbon circularity and a net zero economy by licensing an
innovative array of technologies, including carbon recycling
technologies, and greenhouse gas emission reduction
technologies.
Visit:
https://www.sumitomo-chem.co.jp/english/
https://www.sumitomo-chem.co.jp/technology-licensing/
Forward Looking Statements
The statements in this press release that are not historical
statements, including statements regarding demand, markets,
commitments and technological performance, are forward-looking
statements within the meaning of the federal securities laws. These
statements are subject to numerous risks, uncertainties and
assumptions, many of which are beyond the company's control, that
could cause actual results to differ materially from the results
expressed or implied by the statements. These risks, uncertainties
and assumptions include, but are not limited to, those set forth in
the company's most recently filed Annual Report on Form 10-K, any
subsequent Form 10-Qs and 8-Ks and other U.S. Securities and
Exchange Commission filings, which discuss some of the important
risks, uncertainties and assumptions that the company has
identified that may affect its business, results of operations and
financial condition. Due to such risks, uncertainties and
assumptions, you are cautioned not to place undue reliance on such
forward-looking statements, which speak only as of the date
hereof. Except as required by law, the company undertakes no
obligation to revise or update publicly any forward-looking
statements for any reason.
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SOURCE KBR, Inc.