CVR Energy Proceeds with Alkylation Project Producing use of KBR’s K-SAAT Technologies

HOUSTON, March 16, 2023 /PRNewswire/ — KBR (NYSE: KBR) announced now that CVR Energy, Inc.’s Board of Directors has authorized the subsequent phase of the revamp of the alkylation unit at its subsidiary’s crude oil refinery positioned in Wynnewood, Oklahoma.

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This phase entails the completion of engineering, style, module fabrication and creating for KBR’s Sturdy Acid Alkylation Technologies (K-SAAT™) unit to get rid of hydrofluoric (HF) acid from the refinery. KBR’s contract includes the supply of a entirely engineered and fabricated modular resolution along with KBR’s proprietary catalyst for the project.

“We view this as a landmark project for the U.S. refining sector,” stated Doug Kelly, KBR President, Technologies. “The Wynnewood refinery will be the 1st U.S. implementation of K-SAAT technologies, which in addition to delivering bigger alkylate yield, have to give tangible environmental and safety rewards. We assume other best refiners will adopt this technologies supplied its clear ESG advantage.”

“We are pleased to move forward with this important project,” stated Dave Lamp, President &amp Chief Executive Officer of CVR Energy. “It represents on the other hand a distinctive instance of CVR Energy’s efforts to concentrate on safe, helpful and trusted operations, and have to increase gasoline production by upgrading reduce-valued propylene.”

KBR’s K-SAAT supplies an possibility to maximize the yield and great excellent of an ultra-clean gasoline blendstock with the ExSact™ catalyst, a revolutionary powerful-acid catalyst that has been engineered to outperform liquid acid catalysts.

About KBR

We supply science, technologies and engineering solutions to governments and corporations about the globe. KBR employs roughly 30,000 persons performing diverse, difficult and mission-vital roles in 34 nations.

KBR is proud to function with its purchasers across the globe to give technologies, worth-added options, and extended-term operations and upkeep options to assure continual delivery with predictable final outcomes. At KBR, We Supply.

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Forward Hunting Statement

The statements in this press release that are not historical statements, like statements with regards to implementation and adoption of KBR’s K-SAAT technologies, are forward-hunting statements inside the which indicates of the federal securities laws. These statements are subject to a variety of dangers and uncertainties, quite a few of which are beyond the company’s handle that could outcome in actual final outcomes to differ materially from the final outcomes expressed or implied by the statements. These dangers and uncertainties contain items like, but are not restricted to: the ongoing conflict amongst Russia and Ukraine and the related impacts on our business as we wind down our business operations in Russia the probable adverse monetary and market place spot situations, such as interest cost and currency exchange cost fluctuations, like as a outcome of pandemics such as COVID-19 the existing dislocation of the international energy market place spot the company’s prospective to deal with its liquidity the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies probable adverse proceedings by such agencies and probable adverse final outcomes and consequences from such proceedings adjustments in capital spending by the company’s purchasers the company’s prospective to obtain contracts from existing and new purchasers and carry out beneath these contracts structural adjustments in the industries in which the corporation operates escalating charges associated with and the efficiency of fixed-charge projects and the company’s prospective to handle its expense beneath its contracts claims negotiations and contract disputes with the company’s purchasers adjustments in the demand for or price of oil and/or all-organic gas protection of intellectual house rights compliance with environmental laws adjustments in government regulations and regulatory desires compliance with laws related to earnings taxes unsettled political situations, war and the effects of terrorism foreign operations and foreign exchange rates and controls the improvement and installation of financial systems the possibility of cyber and malware attacks enhanced competitors for employees the prospective to correctly extensive and integrate acquisitions and operations of joint ventures, like joint ventures that are not controlled by the corporation.

The company’s most not as well extended ago filed Annual Report on Form ten-K, any subsequent Form ten-Qs and eight-Ks, and other U.S. Securities and Exchange Commission filings speak about some of the important danger components that the corporation has identified that could possibly influence its business, final outcomes of operations and financial scenario. Except as important by law, the corporation undertakes no obligation to revise or update publicly any forward-hunting statements for any trigger.

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