KBR acquired 3 subsidiaries of Chematur Engineering

Texas, United States: KBR, Inc., a global technology, engineering, procurement and construction company announced to acquire Weatherly Inc., Plinke GmbH, and Chematur Ecoplanning from Chematur Technologies, whose parent company is Connell Chemical.  Acquisition’s transaction price stood at USD24.5 million. Weatherly is a North America-based company that has been offering nitric acid and ammonium nitrate (nitrogen fertilizer) related proprietary technologies and services to the fertilizer market, Plinke is a Germany-based company that has been offering equipment for the purification and concentration of inorganic acids and Ecoplanning is a Finland based company that specializes in proprietary evaporation and crystallization technologies and equipment for weak acid and base solutions. Post-acquisition, Plinke and Ecoplanning’s plants and solutions would be added to the technology portfolio of KBR. On the other hand, Weatherly is expected to support KBR to become a top global provider of fertilizer technologies and life cycle services along with ammonia solutions.

TechSci Research depicts that this partnership would enable KBR to expand its consulting and technical services to improve plant performance as well as serve fertilizer related complex solution requirements for North America and overseas clients.

According to a TechSci Research report “Iran Fertilizers Market Forecast and Opportunities, 2020”, demand for fertilizers in Iran continues to be dominated by nitrogen fertilizers such as ammonium nitrate and urea, among others. Due to the abundance of natural gas resources across the country, Iran has emerged as prominent producer of urea and other nitrogen fertilizers.