KBR (NYSE: KBR) today announced that it has been selected by Togliattiazot Corporation (ToAZ) to perform revamp studies for seven ammonia plants located in Togliatti, Russia. The ToAZ revamp project will be the world’s largest upgrade of an ammonia complex with the seven plants located at the same site. During the initial phase, KBR will evaluate plant operations to identify bottlenecks, define technical and commercial requirements, and examine process schemes prior to licensing KBR technology. KBR’s conventional and revamp technologies are known in the industry to significantly increase operational efficiencies, on-stream reliability and total ammonia production. “KBR is proud to be selected by ToAZ for this revamp study,” said John Derbyshire, President, KBR Technology. “Helping our clients achieve greater production capacities with no lost shutdown time is one of our core competencies and will continue to be an area of significant growth worldwide.” KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, power, industrial, civil infrastructure, minerals, government services and commercial markets. For more information, visit www.kbr.com.
The better-than-expected job gains and lower unemployment rate helps Democrat Hillary Clinton, while confident, safely employed consumers may let the Federal Reserve boost interest rates sooner than markets anticipated.