HOUSTON - Thursday, August 9th 2012 [ME NewsWire]
(BUSINESS WIRE)-- KBR (NYSE:KBR) and Shell Global Solutions International B.V. (NYSE: RDS.A) today announced the expansion of their hydroprocessing technology alliance. In addition to hydrocracking and hydrotreating, KBR will also market, sell and provide technology and design packages for Shell Global Solutions deep-flash, high-vacuum unit distillation and thermal conversion technologies worldwide.
Refinery operators want to improve their distillation performance to optimize their assets, minimize their expenditure and capital investment, and debottleneck their operations. Refiners can use deep cut vacuum distillation to maximize the recovery of distillate from residue. Also, with the falling demand for residue fuel oil, refiners can use thermal conversion technologies to convert the bottom barrel to higher value products.
“The expansion of the alliance underscores our success to date and allows us to deliver a much broader refinery scope of value-focused technology,” said John Derbyshire, President, KBR Technology. “The addition of these technologies enables us to better address refiners’ long-term needs for margin improvement, while continuing to meet environmental requirements.”
“Our early successes demonstrate that refiners value the synergies between KBR’s technology and engineering experience and Shell’s operating and catalyst experience,” said Süleyman Özmen, Vice President, Refining and Chemical Licensing, Shell Global Solutions International B.V. "The expansion of our alliance illustrates our long-term commitment to providing high quality, innovative technology to the refining industry.”
Shell Global Solutions is a network of independent technology companies in the Shell Group which provide technical consultancy and licensed technologies for both the Shell Group and third party customers within the energy industry. In response to the significant challenges facing the industry today, Shell Global Solutions strives to deliver innovative technical solutions and effective technology to support its customers in their day-to-day operations and delivery of strategic plans. This enables customers to improve the capacity and performance of existing units; integrate new process units into existing refineries and petrochemical complexes; incorporate advanced proprietary catalyst systems (CRI/Criterion) and reactor internals through to the design of grassroots refineries. More information on Shell Global Solutions is available at www.shell.com/globalsolutions.
Shell Global Solutions is affiliated with Shell’s catalyst companies which innovate and sell catalysts through a network that includes Criterion Catalysts & Technologies, Zeolyst International, CRI Catalyst Company and CRI KataLeuna. More information on the CRI/Criterion Catalysts and Technologies group is available at:www.cricatalyst.com and www.criterioncatalysts.com.
KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power, industrial, and commercial markets. For more information, visit www.kbr.com
Contacts
KBR
Zac Nagle, 713-753-3625
Vice President, Investor Relations and Communications
Investors@kbr.com
Marianne Gooch, 713-753-3800
Director, Corporate Communications
Mediarelations@kbr.com
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