KBR and Petron Scientech Sign Alliance Agreement to License
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KBR and Petron Scientech Sign Alliance Agreement to License Sustainable Technologies

KBR (NYSE: KBR) and Petron Scientech Inc. (PSI) announced today that they have signed an alliance agreement to license differentiated, energy-efficient, and sustainable technologies for renewable chemicals production.

Under this agreement, KBR will be the exclusive licensor for PSI's Ethylene Oxide / Ethylene Glycol (K-MEG?), Alcohol Dehydration (K-SEET?) and Maleic Anhydride (Max-Leic?) technologies, which are used to convert ethanol into ethylene and further derivative chemicals used in a wide range of industry and consumer products.

PSI has developed these technologies over the past 30 years and is recognized as a leader in renewable ethanol and ethylene value chains and biorefineries. KBR will license these technologies and provide engineering services for new biorefineries as well as integrating the technologies in existing refineries and petrochemical plants to offer sustainable alternatives.

Thin Film Chip Resistor Market Report: Trends, Forecast and Competitive Analysis to 2031

Thin Film Chip Resistor Market Report: Trends, Forecast and Competitive Analysis to 2031

Key data points: The market size in 2031 = $984.6 million, growth forecast = 5.2% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities, and forecasts in the global thin film chip resistor market to 2031 by type (ultra precision 0.05% tolerance, 0.1% tolerance, 1% tolerance, and others), application (instrumentation, medical instruments, power supply, electric power equipment, electronic digital products, and others), end use industry (industrial equipment, consumer electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)

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"We are excited to announce the alliance agreement with PSI for these differentiated ethanol and ethylene value chain technologies," said Doug Kelly, KBR President, Technology. "Our collaboration will benefit clients globally and allow them to set new standards for meeting corporate ESG ambitions."

"PSI offers unique, patented, renewable, and sustainable technologies and services for broad industrial applications which are highly sought after today to reduce carbon footprint and mitigate climate change," said Yogendra Sarin, founder and CEO, PSI. "We are proud to work with KBR, who have the right experience and leadership to help advance and commercialize our technologies on a global scale."


Publishdate:
Aug 3, 2021

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