THE WOODLANDS, Texas, Sept. 12, 2016 /PRNewswire/ -- CB&I (NYSE: CBI) today announced it has been awarded a contract by a major North American refiner for the technology license and engineering design of a new alkylation process unit to be located on the U.S. Gulf Coast. The unit will use CB&I's advanced CDAlky® sulfuric acid alkylation technology to produce 23,000 barrels per day of alkylate based on 100 percent C5 olefin feedstock and marks CB&I's first, U.S. license for the technology.
CDAlky is an environmentally-friendly alternative process to obtain high-octane, premium gasoline with less environmental impact, while also reducing overall maintenance and chemical cost for refineries.
"CB&I is pleased to have been selected by our customer to provide the license and engineering design for this project," said Daniel McCarthy, President of CB&I's Technology operating group. "Our CDAlky technology has been commercially proven in international markets since 2013, and this milestone award highlights the level of trust our customer has placed in CB&I as well as the competitive advantages of our technology."
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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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, 2015, 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]
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SOURCE CB&I
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