Benzinga | Jan 19, 2022 04:33PM EST

KBR, Mura Win Contract For Innovative Plastics Recycling Technology By LG Chem, No Terms Disclosed

KBR (NYSE:KBR) announced today that along with Mura, it has secured a contract for its breakthrough plastics recycling technology, Hydro-PRTSM, from LG Chem, Korea.



Under the terms of the contract, KBR will provide technology licensing and engineering to implement the innovative and scalable Hydro-PRTSM technology at LG Chem's Dangjin plant.

Hydro-PRTSM was developed by Mura and is licensed exclusively by KBR. Utilizing supercritical steam, this technology employs a unique patented process to convert a wide range of single-use and other plastics into commercial raw materials that are used to produce new plastics, delivering a truly circular economy.

"We are proud to work with LG Chem to support them with their sustainability initiatives," said Doug Kelly, KBR President, Technology. "KBR is committed to helping clients realize their sustainability and ESG objectives and LG Chem's early leadership in this area is a testament to their sustainability commitment."

KBR has been a leader in process technology development, commercialization, and plant design solutions for over 50 years.