KBR has formed a joint venture, SK-KBR Technologies Pte. Ltd.
(SK-KBR), with Korean-based SK Energy Co., Ltd. (SK Energy).
Under the agreement, SK-KBR is granted exclusive world-wide
rights to market and license SK Energy's petrochemical and related process
technologies on a global scale.
"This agreement extends KBR Technology's portfolio in the petrochemical market and signifies
our firm commitment to growth in this market segment," said Tim
Challand, president, KBR Technology. "With long-term
experience and a proven track record of delivering innovative
technology solutions to customers
worldwide, KBR is confident in its capabilities to successfully
introduce SK Energy's technologies to the global
"This is a good opportunity to bring together each company's
strength to the global market. I'm confident that SK Energy's
cutting edge technologies, along with KBR's global marketing
and engineering capabilities will deliver new value to
clients," said Dr. DS Kim, president of SK Energy Institute of
Technology (SKEIT). "With the vision of becoming a technology driven company, SKEIT is
making a major contribution in positioning SK Energy for
stronger future growth globally. SKTPL will help to bolster the
value of SK's proprietary technologies and enhance its global