News | October 30, 2017

CB&I Announces Ethylene Technology Award In India

The Woodlands, TX /PRNewswire/ - CB&I (NYSE: CBI) today announced it has been selected by HPCL Mittal Energy Ltd. (HMEL) for the license and basic engineering of a 1,200 KTA mixed feeds ethylene plant for the Guru Gobind Singh refinery in Bathinda, India. The plant has the capability of being expanded to 1,500 KTA. The scope of work includes recovering refinery offgas and integration with the ethylene plant, pyrolosis gasoline hydrogenation and detailed engineering for CB&I's proprietary highly selective Short Residence Time (SRT®) VII cracking heaters.

"During the last 30 years, CB&I has licensed 44 percent of the world's ethylene production," said Daniel M. McCarthy, CB&I's Executive Vice President of Technology. "This award demonstrates HMEL's confidence in our technology, engineering solutions and commercial experience."

About CB&I
CB&I (NYSE: CBI) is a leading provider of technology and infrastructure for the energy industry. With more than 125 years of experience, 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.

Important Information For Investors And Shareholders
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements regarding CB&I and represents our expectations and beliefs concerning future events. These forward-looking statements are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties. When considering any statements that are predictive in nature, depend upon or refer to future events or conditions, or use or contain words, terms, phrases or expressions such as "achieve," "forecast," "plan," "propose," "strategy," "envision," "hope," "will," "continue," "potential," "expect," "believe," "anticipate," "project," "estimate," "predict," "intend," "should," "could," "may," "might" or similar forward-looking statements, we refer you to the cautionary statements concerning risk factors and "Forward-Looking Statements" described under "Risk Factors" in Item 1A of our Annual Report filed on Form 10-K filed with the SEC for the year ended December 31, 2016, and any updates to those risk factors or "Forward-Looking Statements" included in our subsequent Quarterly Reports on Form 10-Q filed with the SEC, which cautionary statements are incorporated herein by reference.

SOURCE: CB&I

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