Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

KBR in Contract With Shell Global Solutions for Hydrogen Liquefaction

Published 02/28/2022, 12:01 PM
Updated 02/28/2022, 12:03 PM

By Sam Boughedda

Investing.com --  KBR Inc (NYSE:KBR), the science, technology, and engineering company, has been awarded a contract to provide services to Shell (LON:RDSa) Shell Global Solutions International B.V. for hydrogen liquefaction development.

KBR shares jumped 2.6% Monday, adding to Friday's 1.5% gain and Thursday's 5% rally.

KBR explained that it will provide technical solutions as part of concept studies to advance technology for large-scale hydrogen liquefaction – an alternative method for long-distance renewable energy transport. 

"We are delighted to be part of this project and to support Shell's net zero emissions ambition," said Jay Ibrahim, KBR President of Sustainable Technology Solutions.

"KBR will leverage its hydrogen and cryogenic domain expertise with its digital tools to support Shell in this critical early phase of the development," added Ibrahim.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.