tiprankstipranks
KBR awarded FFED contract by Fidelis New Energy for Project Fyrkat
The Fly

KBR awarded FFED contract by Fidelis New Energy for Project Fyrkat

KBR announced it has been awarded a Front-End Engineering Design, or FFED, contract by Fidelis New Energy for Project Fyrkat, a liquid carbon dioxide, or LCO2, receiving terminal at the Port of Aalborg, Denmark. Under the terms of the contract, KBR will provide engineering to support the LCO2 handling and storage facility, as Fidelis New Energy aims to help global decarbonization. Project Fyrkat is one of the first onshore CO2 sequestration facilities, and is part of a larger initiative, Project Norne, which expects to store more than 20M tons of CO2 per year by 2030. This equates to around half of all Denmark’s yearly emissions. Norne will provide emitting companies with access to an affordable and safe pathway to process their CO2 emissions.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on KBR:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles