THE WOODLANDS, Texas,
Oct. 17, 2016 /PRNewswire/
-- CB&I (NYSE:CBI) today announced it has signed a
long-term alliance agreement with Haldor Topsoe, a leading catalyst
and technology provider, that will expand CB&I's licensing
position for syngas opportunities.
As part of the agreement, CB&I will promote Haldor Topsoe's
licensed syngas-based technologies, which complement CB&I's
existing technology portfolio. CB&I also will work with Haldor
Topsoe on the engineering, procurement and construction of plants
in North America.
"This strategic alliance expands CB&I's portfolio to include
syngas-based technologies and gives us additional competitive
offerings for the industry," said Patrick
K. Mullen, CB&I's Chief Operating Officer. "We have a
long history of technology collaboration with Haldor Topsoe and are
confident that through our combined expertise, this new partnership
will bring tremendous value to our customers."
The alliance further expands CB&I's portfolio of more than
90 technologies and 3,500 patents by leveraging eight additional
Haldor Topsoe technologies, while capitalizing on the company's EPC
expertise.
CB&I and Haldor Topsoe previously announced a technology
bundling award for the Pertamina refinery upgrade, which will use
CB&I's CDAlky® advanced sulfuric acid
alkylation technology and Haldor Topsoe's Wet gas Sulfuric Acid
(WSA) technology.
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, 2015, 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