THE WOODLANDS, Texas,
June 21, 2017 /PRNewswire/
-- CB&I (NYSE:CBI) today announced it has been awarded a
contract valued at approximately $40
million by E. I. du Pont de Nemours and Company (DuPont) to
provide engineering, procurement and construction for an ethane
cracking furnace expansion project at DuPont's Sabine River Works ethylene plant in
Orange, Texas.
The new cracking furnace will have an ethylene capacity of 200
million pounds per year. The facility will utilize CB&I's SRT®
(Short Residence Time) pyrolysis heater technology. CB&I was
previously awarded a contract for the ethylene technology license,
engineering and supply of the new furnace, which was fabricated at
CB&I's facility in Thailand.
"This award adds to CB&I's winning streak of ethylene
projects on the U.S. Gulf Coast," said Luke
V. Scorsone, Executive Vice President of CB&I's
Fabrication Services operating group. "CB&I's ability to
deliver single-source supply of every phase of this project – from
concept to mechanical completion – provides DuPont with a
cost-effective, low-risk solution as they expand their ethylene
copolymers capacity to meet market demand."
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.
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
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SOURCE CB&I