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

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.

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Investors: Scott Lamb, +1 832 513 1068, [email protected] 
Media: Gentry Brann, +1 832 513 1031, [email protected]

SOURCE CB&I

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