CB&I Announces Cumene and Phenol Technology Award in China

THE WOODLANDS, Texas, May 8, 2017 /PRNewswire/ -- CB&I (NYSE:CBI) today announced that it has been awarded a contract by Formosa Chemicals and Fibre Corporation for the license and engineering design of a cumene and phenol plant expansion in Ningbo, China. The original plant was licensed in 2010 by CB&I based on Versalis technology, and will now be re-engineered to achieve even higher capacity.

"CB&I has a long history with Formosa, and we look forward to continuing to provide premium technology solutions for their petrochemicals facility in China," said Philip K. Asherman, CB&I's President and Chief Executive Officer. "This award underlines CB&I's ability to optimize existing units to achieve greater capacity in response to changing market demands."

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. 

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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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