CB&I Announces Multi-Technology Award For Integrated Refining And Petrochemical Project In China

The Woodlands, TX /PRNewswire/ - CB&I (NYSE: CBI) today announced it has been awarded a substantial contract for the license, engineering design and catalyst supply for five proprietary technologies to be used in an integrated refining and petrochemical project in China. The complex will use BP Paraxylene OPEX advantaged crystallization technology exclusively licensed by CB&I, as well as technology for a vacuum gasoil hydrocracker, diesel hydrocracker, kerosene hydrotreater and delayed coker offered through Chevron Lummus Global (CLG). CLG is a joint venture between Chevron and CB&I.

"CB&I is pleased to be selected as the master licensor for this complex," said Philip K. Asherman, CB&I's President and Chief Executive Officer. "This award is another example of the positive trend for technology supply in China, and demonstrates the future outlook for CB&I's broad technology solutions and integrated engineering services to the region."

About CB&I
CB&I (NYSE: CBI) is a leading provider of technology and infrastructure for the energy industry. With over 125 years of experience and the expertise of more than 40,000 employees, CB&I provides reliable solutions to our customers around the world while maintaining a relentless focus on safety and an uncompromising standard of quality. For more information, visit www.CBI.com.

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