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December 12, 2017

Investors

CB&I Announces Multiple Technology Award in Indonesia

05/16/2017

THE WOODLANDS, Texas, May 16, 2017 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded a contract by PT Petrokimia Butadiene Indonesia (PBI), a Chandra Asri Petrochemical Group company, for the license and engineering design of three proprietary technologies in West Java, Indonesia. The scope of work includes the license and engineering design of a CDMtbe® unit, a Butene-1 recovery unit and a BASF SELOP selective hydrogenation unit as part of an expansion of PBI's petrochemicals facilities.

"This multi-technology contract underlines the confidence PBI has in our technology portfolio and further establishes our presence and leadership in the region," said Philip K. Asherman, CB&I's President and Chief Executive Officer.

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

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.

Investors: Scott Lamb, +1 832 513 1068, Scott.Lamb@CBI.com 
Media: Gentry Brann, +1 832 513 1031, Gentry.Brann@CBI.com

For more information, visit  www.cbi.com (http:// www.cbi.com ). (PRNewsFoto/CB&I)

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cbi-announces-multiple-technology-award-in-indonesia-300457927.html

SOURCE CB&I

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NYSE: CBI 18.39
Change: +0.39 +2.17% )
Volume: 2,224,882
20 minute delay December 12, 2017 04:02 PM