CB&I Announces Technology Award in Poland

By PR Newswire,  August 21, 2014, 08:00:00 AM EDT


THE WOODLANDS, Texas, Aug. 21, 2014 /PRNewswire/ -- CB&I (NYSE:CBI) announced today it has been awarded a contract by Polski Koncern Naftowy Orlen S.A. ( PKN ) for the license and engineering design of a new on-purpose propylene production unit to be located in Plock, Poland.

The unit will use CB&I's proprietary Olefins Conversion Technology (OCT) to produce 100,000 metric tons per annum (MTA) of propylene to be used internally. Feedstock for the unit will be sourced from PKN's Plock Refinery and Petrochemical Complex.

"As evidenced by this latest technology award, when producers want to make additional polymer grade propylene, they use CB&I's broad range of propylene producing technologies such as the Olefins Conversion Technology," said Daniel McCarthy, President of CB&I's Technology operating group.

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 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



This article appears in: News Headlines

Referenced Stocks: CBI, PKN


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