To establish a world-leading alliance in the advanced recycling of plastics,
KBR, Inc. ( KBR Quick Quote KBR - Free Report) recently announced an additional investment of $100 million in Mura Technology ("Mura"). This will bring KBR's aggregate investment in Mura to 18.5%. The investment will help Mura to accelerate the development of its plastics recycling projects and enable KBR to participate in this sustainability-focused, high-growth sector. Funding is expected in two tranches, with the first payment in second-quarter 2022 and the remainder in 2023. Stuart Bradie, KBR president and CEO, stated, "With a strategic approach to commercializing and scaling its proprietary, differentiated plastics recycling solution, Mura is very well positioned for profitable growth and value creation as the plastics circular economy develops and matures." KBR’s Partnership With Mura
In January 2021, KBR partnered with Mura Technology Limited to offer an innovative advanced plastics recycling process — Cat-HTR. The partnership won various license awards and feasibility studies. In January 2022, the two companies received a contract from LG Chem, Korea, to provide technology licensing and engineering for its one-of-a-kind Hydro-PRT. This alliance also produced advances in process technology innovation such as closed-loop power, water recycling, modularization and digital operating solutions.
KBR’s investment and involvement are helping Mura's to commercialize its differentiated plastics recycling solution. Mura will be able to create a plastic-neutral, sustainable future by providing an end-to-end process to convert mixed waste plastic back to high-quality chemical feedstocks. KBR’s Robust Technology Support to Aid Business
For more than 50 years, KBR has been leading the process technology development, commercialization and the plant design solutions industry. KBR’s best-in-class technologies have been designing and building end-to-end, sophisticated digitization solutions and services for clients across the world.
These digitized technologies and solutions help companies increase efficiency and productivity, reduce costs and create opportunities to generate higher revenues and profitability. Overall, it has been driving growth by focusing on lowering carbon emissions, product diversification, energy efficiency, and more sustainable technologies and solutions. Image Source: Zacks Investment Research
KBR’s shares have gained 5.5% so far this year against the Zacks
Engineering - R and D Services industry’s 1.4% fall. KBR’s solid prospects are backed by continuous contract wins, strong project execution, backlog level, and potential government and technology businesses. Zacks Rank & Key Picks
Currently, KBR carries a Zacks Rank #3 (Hold). You can see
the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Louisiana-Pacific Corporation ( LPX Quick Quote LPX - Free Report) is a leading manufacturer of sustainable, quality engineered wood building materials, structural framing products, and exterior siding for use in residential, industrial, and light commercial construction. It operates through four segments: Siding, Oriented Strand Board, Engineered Wood Products and South America. Louisiana-Pacific is a Zacks Rank #2 (Buy) stock. The company’s earnings estimates for 2022 have increased to $14.87 per share from $13.02 over the past 30 days. Jacksonville, FL-based Rayonier Inc. ( RYN Quick Quote RYN - Free Report) is a leading pure-play timberland REIT. With a solid portfolio of timberlands in some of the most productive timber-growing regions of the Southern United States, Pacific Northwest and New Zealand, RYN is well-positioned to capitalize on the robust domestic demand trends. This will help the company improve the export market conditions and create a favorable pricing environment. RYN is also focused on adding high-quality timberlands to its portfolio through acquisitions. The consensus estimate for this Zacks Rank #2 player’s 2022 earnings has witnessed an upward revision of 1.6% in the past 30 days. Boise, ID-based Boise Cascade Company ( BCC Quick Quote BCC - Free Report) — which makes wood products and distributes building materials in the United States and Canada — is aided by factors like favorable commodity wood products, pricing and robust construction activity. Boise Cascade currently carries a Zacks Rank #2. Earnings estimates for 2022 have moved north to $18.43 per share from $15.07 over the past 30 days.