CB&I Announces Ethylene Heater Award for PETRONAS' RAPID Project in Malaysia

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Oct 03, 2014, 08:00 ET

THE WOODLANDS, Texas, Oct. 3, 2014 /PRNewswire/ -- CB&I (NYSE:CBI) announced today it has been awarded a contract valued in excess of $200 million by Toyo Engineering Corp. for the engineering and supply of ethylene heaters for PETRONAS' Refinery and Petrochemicals Integrated Development (RAPID) project in Pengerang, Johor, Malaysia.

The plant will utilize SRT^® VII cracking heaters, which are the latest generation of SRT high selectivity heaters designed for cracking gas and liquid feedstock, to produce 1.1 million metric tons per annum of ethylene. The complete steam cracker technology package was previously awarded to CB&I under a separate contract.

"Our clients appreciate the high selectivity and reliability of our new generation SRT cracking heater technology," said Daniel McCarthy, President of CB&I's Technology operating group. "The SRT heaters are used to produce more than 40 percent of the world's annual ethylene capacity."

RAPID is part of PETRONAS' Pengerang Integrated Complex (PIC) development and its associated facilities, which include the Pengerang co-generation plant, re-gasification terminal 2, air separation unit, raw water supply project, crude and product tanks, as well as central and shared utilities and facilities.

About CB&I
CB&I (NYSE:CBI) is the most complete energy infrastructure focused company in the world and a major provider of government services. With 125 years of experience and the expertise of approximately 55,000 employees, CB&I provides reliable solutions while maintaining a relentless focus on safety and an uncompromising standard of quality. For more information, visit www.cbi.com.

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SOURCE CB&I