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CB&I Announces CATOFIN Technology Award for Petrochemical Plant in China

04/04/2018

THE WOODLANDS, Texas, April 4, 2018 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded a contract by Jinneng Science & Technology Co., Ltd. for the license and engineering design of a propane dehydrogenation (PDH) unit in Qingdao, Shandong Province, China.

The unit will use CB&I's CATOFIN® technology to produce 900,000 metric tons of propylene per year. It will also utilize CATOFIN catalyst and heat generating material from CB&I's catalyst partner, Clariant. Once the unit is complete, it will be the world's largest single-train PDH unit.   

"CB&I's CATOFIN technology offers unmatched reliability and optimization," said Daniel M. McCarthy, CB&I's Executive Vice President of Technology. "For our customers who license the technology, these benefits result in lower capital and operations costs for their projects and investments."

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, 2017, 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)

 

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SOURCE CB&I

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