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CB&I Announces Technology Contract In Malaysia

CB&I (NYSE: CBI) announced today that it has been awarded a contract by PETRONAS for the license and engineering design work for five petrochemicals units. The project is part of the new refinery and petrochemicals integrated development (RAPID) project to be located in Johor, Malaysia.

“CB&I is excited to be working with PETRONAS on this important project by providing several key technologies from our petrochemicals portfolio,” said Daniel McCarthy, President of Lummus Technology. “The RAPID project will allow PETRONAS to expand its products portfolio, capitalizing on the demand for higher value products in the region.”

Lummus Technology will be providing technology for a world scale steam cracker complex comprising ethylene, butadiene, benzene, isobutylene and MTBE units.

About CB&I

CB&I (NYSE: CBI) engineers and constructs some of the world’s largest energy infrastructure projects. With premier process technology from its Lummus Technology business, proven EPC expertise, and unrivaled storage tank experience, CB&I executes projects from concept to completion. Safely. Reliably. Globally. For more information, visit www.cbi.com.

Copyright Business Wire 2010

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