KBR announced that along with Mura, it has secured a contract for its breakthrough plastics recycling technology, Hydro-PRTSM, from LG Chem, Korea. Under the terms of the contract, KBR will provide technology licensing and engineering to implement the innovative and scalable Hydro-PRTSM technology at LG Chem's Dangjin plant. Hydro-PRTSM was developed by Mura and is licensed exclusively by KBR.

Utilizing supercritical steam, this technology employs a unique patented process to convert a wide range of single-use and other plastics into commercial raw materials that are used to produce new plastics, delivering a truly circular economy.