KBR - KBR wins Chemours contract to advance technology for hydrogen project

2023-04-20 08:53:09 ET

KBR ( NYSE: KBR ) said Thursday it was awarded an engineering and design services contract from Chemours ( CC ) to increase capacity and advance technology for its Nafion ion exchange materials platform; financial terms were not disclosed.

The contract is part of Chemours' ( CC ) $200M plan to expand the Nafion membranes and dispersions technology platform to support hydrogen power generation, storage and use.

"This win highlights KBR's extensive clean hydrogen and specialty chemical expertise," said Jay Ibrahim, president of KBR's Sustainable Technology Solutions business.

KBR ( KBR ) can continue to outperform, with revenue growth driven by strong end-market demand, longer-term secular trends, government stimulus programs, and M&A, GS Analytics writes in a report published on Seeking Alpha .

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