- Press Releases
January 24 (Renewables Now) - US technology and engineering group KBR Inc (NYSE:KBR) announced on Monday it had been awarded a contract by Norwegian biofuels company Biojet AS to develop a concept study for the customer’s renewable energy facility in Ringerike, Norway.
Under the contract, KBR is to perform technology evaluations, early engineering and project development for Biojet’s project to convert forestry residues to renewable and sustainable fuels.
"KBR is pleased to support Biojet in their mission to provide the European market with renewable and sustainable fuels by 2026," said Jay Ibrahim, President - Sustainable Technology Solutions.
The news comes just weeks after US oil group Exxon Mobil Corp (NYSE:XOM) announced its plan to buy a 49.9% stake in Biojet. The stake purchase would also allow ExxonMobil to buy up to 3 million barrels of Biojet’s biofuels per year, it was stated at the time.