THE WOODLANDS, Texas, April 3, 2018 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded a contract by Hainan Huasheng New Material Technology Co. Ltd. for the license and engineering design for a diphenyl carbonate (DPC) petrochemical unit in Hainan Province, China. The unit will use Versalis' DPC technology licensed by CB&I to produce diphenyl carbonate intermediate, which is used for the production of polycarbonate.
"As CB&I continues to win new technology awards in China, we are enhancing our position as a leading technology provider for China's energy industry," said Daniel M. McCarthy, CB&I's Executive Vice President of Technology. "This momentum underscores the confidence our customers have in CB&I's technology portfolio and the future outlook for our technology solutions in the region."
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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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, [email protected]
Media: Gentry Brann, +1 832 513 1031, [email protected]
SOURCE CB&I
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