THE WOODLANDS, Texas,
June 30, 2015 /PRNewswire/
-- CB&I (NYSE:CBI) today announced it has been awarded a
contract valued at approximately $115
million, as part of the scope of the ethylene project,
by Ingleside Ethylene LLC, a joint venture between Mexichem, S.A.B.
de C.V. (Mexichem) and Occidental Chemical Corporation (OxyChem), a
subsidiary of Occidental Petroleum Corporation, for the
engineering, procurement and construction of an ethylene storage
facility in Markham, Texas.
The scope of work consists of the surface facilities—including
compression, dehydration, metering and associated pipe
fabrication—at the salt cavern storage location. The storage
facility is integral with the ethylene cracker where as previously
announced, CB&I is providing the license for the ethylene
technology, five SRT® (short residence time) cracking heaters and
the engineering, procurement and construction of the ethylene
cracker in Ingleside, Texas.
"The ethylene cracker is a significant project both for OxyChem
and Mexichem, and the award of this project reflects the quality of
work CB&I has provided to date," said Patrick K. Mullen, President of CB&I's
Engineering & Construction operating group. "It shows the
customers' confidence in CB&I's ability to offer a more
complete supply chain solution—from proven licensed process
technology, fabrication and engineered products, all the way
through to the EPC process."
About CB&I
CB&I (NYSE:CBI) is the most complete energy infrastructure
focused company in the world. With 125 years of experience and the
expertise of approximately 54,000 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.
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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
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"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, 2014, 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