US expertise and engineering group KBR Inc introduced on Monday it had been awarded a contract by Norwegian biofuels firm Biojet AS to develop an idea examine for the shopper’s renewable power facility in Ringerike, Norway.
Beneath the contract, KBR is to carry out expertise evaluations, early engineering and venture improvement for Biojet’s venture to transform forestry residues to renewable and sustainable fuels.
“KBR is happy to help Biojet of their mission to supply the European market with renewable and sustainable fuels by 2026,” mentioned Jay Ibrahim, President – Sustainable Know-how Options.
The information comes simply weeks after US oil group Exxon Mobil Corp (NYSE:XOM) announced its plan to purchase a 49.9% stake in Biojet. The stake buy would additionally enable ExxonMobil to purchase as much as 3 million barrels of Biojet’s biofuels per 12 months, it was acknowledged on the time.