Benzinga | Jan 24, 2022 05:46AM EST

KBR Awarded Early Works Contract for Sustainability-Focused Project by Biojet AS; Terms Not Disclosed

KBR (NYSE:KBR) announced today it has been awarded an engineering contract by Biojet AS for a concept study for its renewable energy facilityin Ringerike, Norway.

Under the terms of the contract, KBR will performtechnology evaluations, early engineering and project development for Biojet's project to convert forestry residues to renewable and sustainable green fuels.

"KBR is pleased to support Biojet in their mission to provide the European market with renewable and sustainable fuels by 2026," said Jay Ibrahim, President Sustainable Technology Solutions. "This award aligns with KBR's focus on combatting climate change and affirms our position as a leader in the sustainable biofuels arena."

For over 10 years, KBR has developed and/or designed dozens of renewable and sustainable fuels projects across the globe.