CB&I Announces Technology Award in China

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THE WOODLANDS, Texas, Aug. 26, 2014 /PRNewswire/ -- CB&I CBI announced today it has been awarded a contract by Shenhua Ningxia Coal Industry Group Co. Ltd. for the license and engineering design of a grassroots petrochemicals complex to be built in Lingwu, Yinchuan City, Ningxia, People's Republic of China.

The complex will use CB&I's proprietary Olefins Conversion Technology (OCT) to produce 196,000 metric tons per annum (MTA) of polymer grade propylene and its Comonomer Production Technology (CPT) to produce and recover 20,000 MTA of comonomer grade 1-butene.

The complex at Shenhua Ningxia will also use the latest CDHydro® selective hydrogenation technology from CB&I, which allows the incorporation of different feed from the adjoining steam cracker into the downstream OCT unit.  Additionally, CDIsis technology from CB&I will provide the conversion of isobutene into normal butenes, which increases the potential polymer grade propylene available from the steam cracker C4s. 

"Our Olefins Conversion Technology is the most widely used pathway for on-purpose polymer grade propylene in the world," said Daniel McCarthy, President of CB&I's Technology operating group. "This project further demonstrates CB&I's capability to integrate our broad technology portfolio to meet our customers' needs."

About CB&I
CB&I 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.

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SOURCE CB&I

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