THE WOODLANDS, Texas,
Dec. 11, 2017 /PRNewswire/
-- CB&I (NYSE:CBI) today announced it has received full
notice to proceed by Kazakhstan Petrochemical Industries Inc. (KPI)
for the project management services for a propane dehydrogenation
unit (PDH) and a polypropylene plant in the western Atyrau region
of Kazakhstan.
"We look forward to working with KPI through the provision of
project management services on the different phases of this project
and building on our experience in Kazakhstan," said Duncan Wigney, CB&I's Executive Vice
President of Engineering & Construction. "This project is an
excellent example of CB&I's integrated capabilities and the
comprehensive solutions we offer to our customers in the
region."
The PDH unit uses CB&I's CATOFIN® propane
dehydrogenation technology, and the polypropylene plant uses
CB&I's Novolen® advanced gas-phase polypropylene
technology.
About CB&I
CB&I (NYSE: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
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SOURCE CB&I