CB&I Awarded Contracts for Shintech Ethane Cracker Project
THE WOODLANDS, Texas, April 23, 2015 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded contracts valued in excess of $640 million by Toyo Engineering Corporation to provide ethylene technology, basic engineering and cracker heater supply, as well as construction services for the Shintech Ethane Cracker Project in Plaquemine, Louisiana.
The ethylene plant will employ CB&I's latest, proven ethylene technology, including highly selective SRT® cracking heaters and its innovative recovery section design, featuring low pressure separation and mixed refrigeration to minimize investment costs.
"This award is an example of the synergies between our technology and direct hire construction capabilities," said Philip K. Asherman, CB&I's President and Chief Executive Officer. "CB&I's selection demonstrates our customers' confidence in our resources and ability to self-perform projects along the U.S. Gulf Coast."
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 54,000 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
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