KBR (NYSE: KBR) announced today that along with Mura, it has secured a contract for its breakthrough plastics recycling technology, Hydro-PRT SM, from LG Chem, Korea.
Under the terms of the contract, KBR will provide technology licensing and engineering to implement the innovative and scalable Hydro-PRT SM technology at LG Chem's Dangjin plant.
Hydro-PRT SM was developed by Mura and is licensed exclusively by KBR. Utilizing supercritical steam, this technology employs a unique patented process to convert a wide range of single-use and other plastics into commercial raw materials that are used to produce new plastics, delivering a truly circular economy.
Key data points: The market size in 2031 = $2.7 billion, growth forecast = 4.7% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities, and forecasts in the global cryogenic pump market to 2031 by type (centrifugal and positive displacement), application (nitrogen, hydrogen, helium, LNG, and others), end use industry (healthcare industry, energy & power generation industry, electricals & electronics industry, metallurgy industry, chemicals, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pages"We are proud to work with LG Chem to support them with their sustainability initiatives," said Doug Kelly, KBR President, Technology. "KBR is committed to helping clients realize their sustainability and ESG objectives and LG Chem's early leadership in this area is a testament to their sustainability commitment."
KBR has been a leader in process technology development, commercialization, and plant design solutions for over 50 years.
We deliver science, technology, and engineering solutions to governments and companies around the world. KBR employs approximately 29,000 people worldwide with customers in more than 80 countries and operations in 40 countries.
KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
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