Atlas Agro selects KBR's green ammonia technology for its series of plants

Date:04-14-2023

KBR (NYSE: KBR) announced that it has signed a memorandum of understanding (MoU) with Atlas Agro AG to license KBR's innovative K-GreeN^® technology for Atlas' planned investment in a series of green nitrate plants.

Under the terms of the MoU, KBR will provide technology licensing, basic engineering design, proprietary equipment and catalyst for the plants, which will produce zero-carbon nitrogen fertilizers. The engineering design for the first plant located in the United States commenced in March 2023.

"We are excited to support Atlas Agro's vision of zero-carbon fertilizer production through our market leading green ammonia technology, K-GreeN," said Doug Kelly, KBR President, Technology. "We are also confident that we can drive schedule synergies across the series of plants to accelerate availability of clean ammonia globally."

"We are proud to partner with KBR and use its K-GreeN process for our green fertilizer facilities," said Petter Østbø, CEO, Atlas Agro. "Each of our green ammonia plants will produce fertilizer that will help feed nearly 16 million people and avoid global carbon emissions of more than one million tons per year."

KBR is the world leader in ammonia technology with approximately 50% market share of licensed capacity. Since 1943, KBR has licensed, engineered, or constructed over 250 grassroot ammonia plants worldwide.