Construction and engineering firm KBR has won a license and design contract from Samsung Engineering for a 1,200-metric-tons-per-day ammonia fertilizer plant in Carrasco, Bolivia, part of the government's strategic initiatives for monetization of natural gas and demand for urea in the region, KBR announced this week.
KBR will provide a technology license and a basic engineering design package, and supply equipment including its purifier technology. It will also provide proprietary operator training simulators and a "steam dynamic simulation study." No financial details of the contract were provided in the press release, but KBR said production operations are expected to begin in mid-2015.
KBR president of tecnology John Derbyshire was quoted as saying in the press release, "This award represents an opportunity to further expand KBR's footprint in the Latin American market."
The construction and engineering firm has been involved in the licensing, design, engineering, and construction of more than 200 ammonia plants worldwide over the past 50 years, representing approximately half of current global ammonia production.
The article KBR Wins Ammonia Fertilizer Plant Contract in Bolivia originally appeared on Fool.com.
Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.