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CB&I Announces Contracts For U.S. Petrochemical Project

CB&I (NYSE: CBI) announced today that it has been awarded contracts by Occidental Chemical Corporation for the technology license, basic engineering and front end engineering and design (FEED) services for a proposed new ethane cracker. The proposed cracker is anticipated to have a capacity of approximately 1.2 billion pounds per year of ethylene.

The scope of work includes the basic engineering for the ethylene technology and five SRT® (short residence time) cracking heaters from CB&I’s Lummus Technology business sector. Feedstock for the proposed cracker is anticipated to be ethane derived from domestic shale gas.

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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