Benzinga | Apr 13, 2021 06:02AM EDT

KBR Signs License Agreement For Propane Dehydrogenation Project; financial Terms Not Disclosed

KBR, Inc. (NYSE:KBR) announced that it has signed a license agreement with JS Energy Limited for its proprietary K-PRO(tm) Propane Dehydrogenation (PDH) technology to convert propane into propylene for JS Energy's planned PDH project in Pakistan, which is expected to be commissioned in 2024.

Launched in 2019, K-PRO is positioned to revolutionize the PDH industry through its innovative and compact design resulting in inherently lower capital cost. Other key advantages are that unlike conventional PDH technologies, K-PRO's proprietary catalyst does not include expensive precious metals and pollutants, thereby delivering tangible environmental and operating cost benefits.

"We are excited to announce that JS Energy's K-PRO project is progressing further to meet increasing propylene derivatives demand," said Doug Kelly, KBR President, Technology. "KBR offers various sustainable technologies that are energy efficient and environmentally friendly. K-PRO is based on an innovative catalyst that does not contain costly precious metals or environmentally-sensitive chromium and is a continuous process with efficient energy integration, heat recovery and high conversion."

KBR has been a leader in petrochemical plant design, construction, and technology development for more than 50 years.