KBR (NYSE: KBR) today announced that it has been awarded a contract by Tierra Del Fuego Power & Chemical Co., Ltd. to provide licensing and process design for a grassroots ammonia plant in Tierra Del Fuego, Argentina.
KBR will license its conventional ammonia technology for the anticipated 1,500 metric tons per day (MTPD) plant, which will utilize the country’s abundant natural gas resources to produce high yield fertilizer for the region. Work on the project is expected to begin as early as July 2010.
Tierra Del Fuego Power & Chemical Co., Ltd. is a joint venture formed by China-based Shaanxi Coal and Chemical Industry Group, Co. Ltd., Shaanxi Xinyida Investment Ltd. and Jinduicheng Molybdenum Group, Co., Ltd. The contract award marks the first overseas project investment for the joint venture and the largest Chinese investment in Argentina.
“KBR is well-positioned to assist Tierra Del Fuego with this project because of our expertise and track record of service in ammonia production,” said Tim Challand, President, KBR Technology. “This is our first ammonia project in the region and we look forward to providing our services to this grass-roots project and having the opportunity to expand KBR’s global ammonia portfolio.”