CB&I Announces Strategic Alliance to Provide up to 30 Proprietary Technologies to Complex in China

THE WOODLANDS, Texas, April 3, 2017 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has signed a strategic alliance with Jinzhou Port Co., Ltd. (Jingang) to become the master licensor for an integrated refining and petrochemicals project in Jinzhou City, China. The alliance includes the exclusive license, engineering design, catalyst supply and proprietary equipment for the complex. CB&I will be the primary licensor to provide up to 30 proprietary technologies from gasification and refining to petrochemicals.

"CB&I is proud to partner with Jingang as the master licensor for this large-scale complex, which could employ more than one-third of CB&I's technology portfolio," said Philip K. Asherman, CB&I's President and Chief Executive Officer. "The scope of the alliance offers the largest supply of CB&I technologies to a single project, and leverages our breadth of portfolio to Jingang for optimum configuration of their complex."

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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