KBR wins Argentina ammonia plant contract
KBR Inc. has been awarded a contract by Tierra Del Fuego Power & Chemical Co. Ltd.
Financial terms of the agreement were not disclosed.
The Houston engineering construction and services company will provide licensing and process design for a grassroots ammonia plant in Tierra Del Fuego, Argentina.
The plant will use natural gas to produce high-yield fertilizer. KBR (NYSE: KBR) plans to begin work on the project in July.
Tierra Del Fuego Power & Chemical is the largest Chinese investment in Argentina, made up of a joint venture between Shaanxi Coal and Chemical Industry Group Co. Ltd., Shaanxi Xinyida Investment Ltd. and Jinduicheng Molybdenum Group Co. Ltd.