CB&I Announces Multi-Technology Award in Uzbekistan

THE WOODLANDS, Texas, June 28, 2017 /PRNewswire/ -- CB&I CBI today announced it has been awarded a technology contract by Shurtan Gas Chemical Complex LLC (SGCC) for a grassroots ethylene complex to be built in southern Uzbekistan. The scope of work includes the license and basic engineering of an ethylene unit, which will use four proprietary SRT heaters, a Hexene-1 unit and a polypropylene unit. The Hexene-1 unit will use CB&I's Comonomer Production Technology for the production of Hexene-1 from low-cost C₄s, and the polypropylene unit will use CB&I's Novolen^® gas-phase polypropylene technology for the production of full range polypropylene products.

"CB&I looks forward to providing multiple technologies to SGCC's complex," said Daniel M. McCarthy, CB&I's Executive Vice President of Technology. "This is the second ethylene unit supplied to the complex, which reinforces our presence in central Asia and illustrates how our breadth of technologies can be packaged to deliver a complete solution to our customers through a single point of contact."

Uzbekistan made the strategic decision to use a synthetic naphtha product from its Gas-to-Liquids plant located in the Kashkadarya region for the production of olefins, which can then be used for the production of high-value polymer products.

About CB&I
CB&I CBI is a leading provider of technology and infrastructure for the energy industry. With more than 125 years of experience, 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.

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, 2016, 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, Scott.Lamb@CBI.com  
Media: Gentry Brann, +1 832 513 1031, Gentry.Brann@CBI.com

www.cbi.com (http:// www.cbi.com ). (PRNewsFoto/CB&I)" alt="For more information, visit www.cbi.com (http:// www.cbi.com ). (PRNewsFoto/CB&I)"/>

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cbi-announces-multi-technology-award-in-uzbekistan-300480778.html

SOURCE CB&I