HOUSTON -- KBR (NYSE: KBR) announced today that it has been awarded a feasibility study contract by PKN ORLEN to evaluate plastics recycling projects in Central Europe utilizing KBR's Hydro-PRT℠ technology. KBR and PKN ORLEN have also signed a Letter of Intent to collaborate on the development of future projects.
Along with KBR, PKN ORLEN will assess the implementation of Hydro-PRT as the core technology for recycling waste plastics to support PKN ORLEN's corporate ESG and circularity objectives. Hydro-PRT is an advanced recycling technology that converts waste plastic into petrochemical and refinery products and is offered by KBR in alliance with Mura Technology.
"This contract represents an important milestone for KBR and PKN ORLEN to assess the long-term potential of this breakthrough technology," said Doug Kelly, KBR President, Technology. "We are confident that Hydro-PRT will enable PKN ORLEN to achieve its corporate ESG and decarbonization objectives."
KBR has been a leader in process technology development, commercialization, and plant design solutions for over 50 years.
About PKN ORLEN
PKN ORLEN is a leading company in the refining, petchem and energy sectors in Central and Eastern Europe and has a presence in over 10 European counties along the entire value chain. PKN ORLEN is the first fuel company in Central Europe to have declared an intention to achieve emission neutrality by 2050.
For more details, visit: Visit www.orlen.pl
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 29,000 people worldwide with customers in more than 80 countries and operations in 40 countries.