Benzinga | Aug 9, 2021 09:35AM EDT

KBR Secures Ethylene Technology Contract From Hyundai Engineering And Tcnicas Reunidas For Undisclosed Sum

* KBR, Inc. (NYSE:KBR) has secured a licensing technology contract from Hyundai Engineering and T?cnicas Reunidas for PKN ORLEN's Petrochemical Development Program in Plock, Poland. The terms of the contract were not disclosed.

* KBR will provide technology license, basic engineering design, and proprietary equipment for its ethylene technology, Selective Cracking Optimum Recovery (SCORE), for PKN ORLEN's Olefins Complex III Project.

* "SCORE continues to lead the industry in delivering the highest yields and operational flexibility while minimizing the carbon footprint," said Doug Kelly, KBR President, Technology.

* Price Action: KBR shares traded lower by 0.66% at $37.88 on the last check Monday.