McDermott, KBR Ink Licensing Agreement

McDermott International Ltd., Houston, and KBR, Houston, have entered into a global licensing agreement that combines KBR’s technology with McDermott’s global execution capabilities, fabrication, and modularization.

“This agreement enables us to offer customers an integrated approach for low-carbon ammonia projects by combining KBR’s best-in-class ammonia technology with our global project delivery know-how, low-carbon execution approach, and leadership in ammonia storage solutions,” 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.”

McDermott and KBR said they will jointly evaluate opportunities to provide modularized execution concepts to drive additional efficiencies tailored to the needs of green and blue ammonia projects.