KBR's PureSAF Technology Selected for Northern Europe's Largest SAF Plant
KBR is trading near its 52-week low of $29.94 (10% above the low).
Summary
KBR's proprietary PureSAF® technology has been selected by NorSAF for what will be Northern Europe's largest sustainable aviation fuel (SAF) and e-SAF production plant. The facility is projected to produce 100,000 tons of SAF annually, with operations commencing in 2030. This significant technology licensing agreement strengthens KBR's presence in the rapidly expanding sustainable aviation market and supports Europe's decarbonization mandates. The win adds to KBR's consistent track record of securing major contracts in its technology solutions division, as evidenced by recent awards in the past few months.
At the time of this announcement, KBR was trading at $33.05 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.2B. The 52-week trading range was $29.94 to $54.38. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.