CB&I (NYSE: CBI) announced today that it has been awarded a contract by BASF for the engineering, procurement and construction management of a new butadiene extraction plant in Antwerp, Belgium. The contract, which is valued in excess of US$50 million, is an essential part of the total BASF investment amount, which will be in the high double-digit million euro range. The plant is scheduled to start up during 2014.
This award builds on CB&I’s existing relationship with BASF as licensor of its butadiene technology. Butadiene is a raw material that can be used to produce synthetic rubber, among other applications including paper chemicals and plastics production.
CB&I (NYSE: CBI) engineers and constructs some of the world’s largest energy infrastructure projects. With premier process technology, 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.