KBR Secures FEED Contract for One of the Largest High-Density Polyethylene Plants in the Americas

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KBR Secures FEED Contract for One of the Largest High-Density Polyethylene Plants in the Americas

HOUSTON--(BUSINESS WIRE)-- KBR (NYS: KBR) announced today that it has been awarded a front-end engineering and design (FEED) contract by INEOS Olefins & Polymers USA (INEOS) for one of the largest grassroots high-density polyethylene (HDPE) plants to be built in the Americas. The facility would produce 470 kilotons per annum of bimodal HDPE using Innovene™ S process technology.

KBR's work on this facility will support efforts that take advantage of the projected resurgence of U.S. ethylene production capacity resulting from abundant shale energy resources in North America.

The facility is expected to be located in the U.S. Gulf coast area.

KBR's scope of work includes the FEED for the inside and outside battery limit facilities, development of an appropriation grade cost estimate, and order of long lead equipment for the project. Services will be provided out of KBR's Houston world headquarters and Monterrey, Mexico High Value Engineering Center. Full sanction for the project is anticipated in the first half of 2014. Steady state of operation for this facility is targeted for the fourth quarter of 2015.

"This is an important and strategic win for KBR and will allow us the opportunity to demonstrate our unparalleled expertise in the downstream market," said David Zelinski, President, KBR Downstream. "KBR is pleased to continue our successful partnership with INEOS and support their commitment to the HDPE market."

KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, power, industrial, civil infrastructure, minerals, government services and commercial markets. For more information, visit www.kbr.com.

Zac Nagle, 713-753-5082
Vice President,
Investor Relations and Communications
Marianne Gooch
Director, Corporate Communications
Media Relations Hotline: 713-753-3800

KEYWORDS:   United States  Mexico  North America  Central America  Texas


The article KBR Secures FEED Contract for One of the Largest High-Density Polyethylene Plants in the Americas originally appeared on Fool.com.

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