McDermott and KBR sign global licensing deal for ammonia
U.S. offshore engineering and constructions services player McDermott and compatriot engineering firm KBR have entered into a global licensing agreement to provide integrated solutions for KBR’s ammonia technologies.
Ammonia produced from renewable or low-carbon sources, known as green and blue ammonia, supports global decarbonisation. This is because it can be used to provide carbon-free fertilizers, as an energy carrier, or as a fuel.
The new deal represents a solution to meet the growing ammonia market which combines KBR’s technology with McDermott’s execution capabilities and fabrication expertise.
As part of the deal, McDermott and KBR will jointly evaluate opportunities to provide modularized execution concepts to drive additional efficiencies tailored to the needs of green and blue ammonia projects.
“This agreement enables us to offer customers an integrated approach for low-carbon ammonia projects by combining KBR’s (…) ammonia technology with our global project delivery know-how,,” said Tareq Kawash, senior vice president, Onshore, McDermott. “This technology partnership is an important addition to our growing energy transition portfolio and strengthens our concept-to-completion capabilities.”
Aman Ahmad, KBR senior vice president, Global Sales, added: “This agreement will enable KBR and McDermott to leverage each other’s strengths to deliver exceptional value to our clients as they scale and accelerate their energy transition initiatives.”