KBR Inc. (KBR) signed a collaboration agreement with BP to promote, market, and execute licensing and engineering services for the slurry bed residue and coal upgrading Veba Combi Cracker or VCC Technology, a hydrogen addition technology.
The company adds VCC to its robust resid technology portfolio, which would currently include a full complement of solvent deasphalting, resid hydrocracking, delayed coking, resid solidification and gasification. The technology would be available for licensing globally, KBR stated.
"The option to convert unconventional feedstocks such as heavy oil and coal will be key in meeting transport fuel demand for the next 25 years," commented Iain Conn, chief executive BP Refining & Marketing.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.