Qingdao Haiwan Chemical Company has finalized a contract to offer to KBR for a new 320,000-t/y phenol and acetone facility to be built in Dongjiakou Industrial Zone, Qingdao City, Shandong Province, China. KBR will provide the technology license and basic engineering design, as well as technical and training services to Haiwan Chemical."KBR's phenol process has been on the leading edge for more than 60 years and KBR is continuously making innovative technical improvements to maintain its competitiveness," said Gao Zijian, general manager of Haiwan Chemical. This phenol plant will be playing an important role in our corporation's progress of industrial transformation and upgrading.