KBR's H2ACT Hydrogen Technology Selected for the World's First Commercial Ammonia Cracking Unit by Hanwha Impact Corporation

HOUSTON, Sept. 18, 2023 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded a license and engineering design contract by Hanwha Impact Corporation for the world's first commercial ammonia cracking unit using KBR's leading H2ACT^SM technology in Daesan, Republic of Korea.

In this largest capacity ammonia cracking plant announced to date, clean hydrogen will serve a planned power plant in Daesan, paving the way for large-scale sustainable hydrogen utilization.  Ammonia cracking, the process to convert transported ammonia back to hydrogen, is a key enabler to achieving the world's decarbonization target.

Under the terms of the contract, KBR will provide technology licensing and proprietary engineering design for the unit, which will be designed to deliver over 200 metric tons per day of clean hydrogen as fuel.

"We are honored to be selected by Hanwha for this flagship project, which will accelerate the realization of their decarbonization targets and play a vital role in Korea's national sustainability objectives," said Doug Kelly, President, Technology, KBR. "KBR's breakthrough ammonia cracking technology, H2ACT, delivers a reliable and holistic solution for large-scale, efficient, and sustainable hydrogen production."

KBR is a world leader in ammonia technology. Since 1943, KBR has licensed and designed more than 250 ammonia plants across the globe.

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 33,000 people performing diverse, complex and mission-critical roles in 33 countries.

KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.

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Forward Looking Statements

The statements in this press release that are not historical statements, including statements regarding the performance of the company's contract with Hanwha Impact Corporation, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks, uncertainties and assumptions, many of which are beyond the company's control, that could cause actual results to differ materially from the results expressed or implied by the statements. These risks, uncertainties and assumptions include, but are not limited to, those set forth in the company's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks and other U.S. Securities and Exchange Commission filings, which discuss some of the important risks, uncertainties and assumptions that the company has identified that may affect its business, results of operations and financial condition. Due to such risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.  Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

SOURCE KBR, Inc.