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KBR Joins GeoLith SAS to Revolutionize Lithium Extraction
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KBR, Inc. (KBR - Free Report) has inked a landmark alliance with GeoLith SAS, securing exclusive global rights to deploy Li-Capt, a cutting-edge Direct Lithium Extraction technology. This innovative approach enables emission-free extraction of lithium from underutilized sources such as geothermal and oil well brines.
With Li-Capt, KBR augments its suite of battery material technologies, including PureLiSM, to offer clients a comprehensive solution for producing battery-grade lithium carbonate or lithium hydroxide monohydrate. This end-to-end process addresses the burgeoning demand for advanced batteries in electric vehicles.
The alliance underscores KBR's commitment to spearheading sustainable mobility by tapping into previously inaccessible lithium sources. By leveraging over seven decades of expertise in evaporation and crystallization technologies, KBR ensures compliance with evolving environmental standards while meeting the escalating lithium-ion battery demand.
This strategic collaboration not only positions KBR as a frontrunner in eco-conscious lithium extraction but also reinforces its dedication to a net-zero carbon future. As the global transition toward electrification gains momentum, KBR remains at the forefront, driving innovation and shaping a greener tomorrow.
Focus on Low-Carbon Offerings Bodes Well
The determination to lower emissions, achieve product diversification and energy efficiency and develop more sustainable technologies and solutions has been driving KBR’s performance.
Shares of this Zacks Rank #3 (Hold) company have gained 16.2% over the past three months compared with the Zacks Engineering - R and D Services industry’s 18.1% growth. Although shares of KBR have slightly underperformed its industry, KBR’s earnings estimate for 2024 reflects 10% year-over-year growth.
Image Source: Zacks Investment Research
To expand its low-carbon offerings for the energy transition, KBR has been working on multiple contracts. Earlier this month, KBR clinched an engineering services contract with First State Hydrogen, Inc. The contract aims to bolster the feasibility and development of the inaugural clean hydrogen production facility in the U.S. mid-Atlantic region.
Recently, KBR’s Purifier ammonia technology has been ready to assist Wuhuan Engineering Co. Ltd. in the expansion of El Nasr Company’s Intermediate Chemicals' (NCIC) fertilizer complex in Egypt. With its solid project execution efforts, KBR will offer the technology license, proprietary engineering design and proprietary equipment for NCIC's 1,200 metric tonnes per day ammonia plant.
In January 2024, its blue ammonia technology won a large, commercial-scale clean ammonia production and export project in the U.S. Gulf Coast. This project, provided by Tokyo-based INPEX Corporation and Oklahoma City-based LSB Industries, is designed to capture carbon while maximizing yield.
KBR’s focus on a resilient business model and efficiency-boosting initiatives have sparked its project-winning momentum. Also, the rising global importance of national security, energy security, energy transition and climate change has been acting as a major tailwind.
As of Dec 29, 2023, the total backlog (including award options of $4.4 billion) was $21.73 billion compared with $19.76 billion in 2022-end. Of the total backlog, Government Solutions booked $12.79 billion, and the Sustainable Technology Solutions segment accounted for $4.55 billion.
Shares of WLDN have gained 26.6% year to date (YTD). The Zacks Consensus Estimate for WLDN’s 2024 sales and earnings per share (EPS) indicates growth of 3.9% and 3.4%, respectively, from the year-ago levels.
Sterling Infrastructure, Inc. (STRL - Free Report) presently sports a Zacks Rank #1. Sterling Infrastructure has a trailing four-quarter earnings surprise of 20.4%, on average. Shares of STRL have gained 19.3% YTD.
The Zacks Consensus Estimate for STRL’s 2024 sales and EPS indicates a rise of 11.7% and 11.4%, respectively, from the prior-year levels.
Altair Engineering Inc. (ALTR - Free Report) currently carries a Zacks Rank #2 (Buy). ALTR delivered a trailing four-quarter earnings surprise of 107%, on average.
Shares of ALTR have lost 2.5% YTD. The Zacks Consensus Estimate for ALTR’s 2024 sales and EPS indicates growth of 8.5% and 13.3%, respectively, from the prior-year reported levels.
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KBR Joins GeoLith SAS to Revolutionize Lithium Extraction
KBR, Inc. (KBR - Free Report) has inked a landmark alliance with GeoLith SAS, securing exclusive global rights to deploy Li-Capt, a cutting-edge Direct Lithium Extraction technology. This innovative approach enables emission-free extraction of lithium from underutilized sources such as geothermal and oil well brines.
With Li-Capt, KBR augments its suite of battery material technologies, including PureLiSM, to offer clients a comprehensive solution for producing battery-grade lithium carbonate or lithium hydroxide monohydrate. This end-to-end process addresses the burgeoning demand for advanced batteries in electric vehicles.
The alliance underscores KBR's commitment to spearheading sustainable mobility by tapping into previously inaccessible lithium sources. By leveraging over seven decades of expertise in evaporation and crystallization technologies, KBR ensures compliance with evolving environmental standards while meeting the escalating lithium-ion battery demand.
This strategic collaboration not only positions KBR as a frontrunner in eco-conscious lithium extraction but also reinforces its dedication to a net-zero carbon future. As the global transition toward electrification gains momentum, KBR remains at the forefront, driving innovation and shaping a greener tomorrow.
Focus on Low-Carbon Offerings Bodes Well
The determination to lower emissions, achieve product diversification and energy efficiency and develop more sustainable technologies and solutions has been driving KBR’s performance.
Shares of this Zacks Rank #3 (Hold) company have gained 16.2% over the past three months compared with the Zacks Engineering - R and D Services industry’s 18.1% growth. Although shares of KBR have slightly underperformed its industry, KBR’s earnings estimate for 2024 reflects 10% year-over-year growth.
Image Source: Zacks Investment Research
To expand its low-carbon offerings for the energy transition, KBR has been working on multiple contracts. Earlier this month, KBR clinched an engineering services contract with First State Hydrogen, Inc. The contract aims to bolster the feasibility and development of the inaugural clean hydrogen production facility in the U.S. mid-Atlantic region.
Recently, KBR’s Purifier ammonia technology has been ready to assist Wuhuan Engineering Co. Ltd. in the expansion of El Nasr Company’s Intermediate Chemicals' (NCIC) fertilizer complex in Egypt. With its solid project execution efforts, KBR will offer the technology license, proprietary engineering design and proprietary equipment for NCIC's 1,200 metric tonnes per day ammonia plant.
In January 2024, its blue ammonia technology won a large, commercial-scale clean ammonia production and export project in the U.S. Gulf Coast. This project, provided by Tokyo-based INPEX Corporation and Oklahoma City-based LSB Industries, is designed to capture carbon while maximizing yield.
KBR’s focus on a resilient business model and efficiency-boosting initiatives have sparked its project-winning momentum. Also, the rising global importance of national security, energy security, energy transition and climate change has been acting as a major tailwind.
As of Dec 29, 2023, the total backlog (including award options of $4.4 billion) was $21.73 billion compared with $19.76 billion in 2022-end. Of the total backlog, Government Solutions booked $12.79 billion, and the Sustainable Technology Solutions segment accounted for $4.55 billion.
Key Picks
Some better-ranked stocks in the same space are:
Willdan Group, Inc. (WLDN - Free Report) currently sports a Zacks Rank #1 (Strong Buy). WLDN delivered a trailing four-quarter average earnings surprise of a whopping 886.3%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of WLDN have gained 26.6% year to date (YTD). The Zacks Consensus Estimate for WLDN’s 2024 sales and earnings per share (EPS) indicates growth of 3.9% and 3.4%, respectively, from the year-ago levels.
Sterling Infrastructure, Inc. (STRL - Free Report) presently sports a Zacks Rank #1. Sterling Infrastructure has a trailing four-quarter earnings surprise of 20.4%, on average. Shares of STRL have gained 19.3% YTD.
The Zacks Consensus Estimate for STRL’s 2024 sales and EPS indicates a rise of 11.7% and 11.4%, respectively, from the prior-year levels.
Altair Engineering Inc. (ALTR - Free Report) currently carries a Zacks Rank #2 (Buy). ALTR delivered a trailing four-quarter earnings surprise of 107%, on average.
Shares of ALTR have lost 2.5% YTD. The Zacks Consensus Estimate for ALTR’s 2024 sales and EPS indicates growth of 8.5% and 13.3%, respectively, from the prior-year reported levels.