KBR Wins PMC Contract for Major European eFuels Project
KBR sits 23% above its 52-week low of $29.94.
Summary
KBR has been selected as Project Management Consultant by Power2X for a large eFuels project in Rotterdam. The facility will produce over 250,000 tons of sustainable aviation fuel annually, meeting nearly 40% of the EU's ReFuelEU mandate. This adds to KBR's growing portfolio of energy transition projects, following its PureSAF technology selection by NorSAF in May. The contract covers FEED and execution phases, with completion aligned to the 2030-2032 mandate timeline. While financial terms are undisclosed, the project's scale and strategic fit reinforce KBR's positioning in the sustainable fuels market.
At the time of this announcement, KBR was trading at $36.93 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.7B. The 52-week trading range was $29.94 to $52.23. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.