KBR signs ammonia technology alliance with REKIND
Friday, December 5 2014 - 01:57 AM WIB
US-based engineering, procurement and construction company KBR Inc. said it has signed an agreement with Indonesia?s state-owned EPC company PT Rekayasa Industri (REKIND) to provide ammonia technology in the Indonesian, Southeast Asian and Asian markets.
KBR said in a statement Thursday that under this agreement, REKIND will exclusively promote and license KBR's proprietary ammonia technology, along with KBR's proprietary equipment, catalyst and automation packages to ammonia producers in the region.
REKIND was established by the Indonesia government in 1981 to develop national capabilities in engineering, procurement, and construction services for large industrial plants. With over 30 years of experience in refinery and petrochemical projects REKIND is now one of the leading EPC companies in Indonesia.
"This alliance with REKIND helps KBR increase its competitive edge for licensing ammonia technology particular in Indonesia, Southeast Asia and Asian markets," said Stuart Bradie, KBR President and CEO. "Together, we are well-positioned to win more ammonia projects in the region."
Considered a world leader in ammonia technology, KBR has been involved in the licensing, design, engineering and/or construction of more than 230 ammonia plants worldwide. Expected revenue from this alliance will be booked as licenses are awarded.
Editing by Reiner Simanjuntak