Benzinga | Oct 11, 2021 08:04AM EDT

ACME Group Picks KBR Technology For Green Ammonia Project In Oman

* KBR, Inc's (NYSE:KBR) ammonia technology has been selected by ACME Group for its green ammonia project to be built in Oman. The financial terms of the contract were not disclosed.

* KBR will provide technology license, engineering, proprietary equipment, catalyst, and commissioning services for a plant to produce 300 metric tons per day of ammonia. The plant will be an integrated facility using solar and wind energy to produce green ammonia.

* "Energy transition driven by green ammonia is a reality, and KBR will play a pivotal role in helping innovative companies like ACME establish early-mover advantages through our industry-leading technology," commented Doug Kelly, KBR President, Technology.

* Price Action: KBR shares closed lower by 0.36% at $41.65 on Friday.