THE WOODLANDS, Texas, Oct. 9, 2014 /PRNewswire/ -- CB&I (NYSE: CBI) today announced it has been awarded a contract by Shenhua Ningxia Coal Industry Group Co. Ltd. for the license and engineering design of a polypropylene unit to be built in Lingwu, Yinchuan City, Ningxia, People's Republic of China.
The unit will use CB&I's Novolen® technology to produce 600,000 metric tons per annum (MTA) of polypropylene. There are already two units utilizing Novolen technology on site – each with cascade and parallel production lines. At the completion of this third unit, the capacity on site will be increased to 1.6 million MTA and the plant will be able to produce the full range of polypropylene grades.
"Once the third polypropylene unit at Shenhua Ningxia's site is running, it will be the largest polypropylene site in China," said Daniel McCarthy, President of CB&I's Technology operating group. "This site will also have the largest capacity of any of the Novolen technology licensees."
As previously announced, Shenhua Ningxia also awarded CB&I contracts for the license and engineering design of the Olefins Conversion Technology, Comonomer Production Technology, CDHydro® selective hydrogenation technology and CDIsis technology for this same complex.
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.
Important Information For Investors And Shareholders
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, 2013, 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.
Logo - http://photos.prnewswire.com/prnh/20130430/DA04155LOGO
SOURCE CB&I
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article