KBR signs supply contract with HEC

KBR announced that it has signed a contract with Hyundai Engineering Company, or HEC, to supply proprietary equipment for the first modular plant for its leading advanced plastics recycling technology Hydro-PRT. The plant will be installed at LG Chem’s Chronos Project in Dangjin, South Korea. Under the terms of the contract, KBR will supply its proprietary modular solution to HEC for a 20,000 tons per annum plastics recycling unit planned for the Chronos project. This award follows LG Chem’s licensing of KBR’s Hydro-PRT technology last year.