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 January 6, 2016 - 8:00 AM EST
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CB&I Announces Polypropylene Technology Award in China

THE WOODLANDS, Texas, Jan. 6, 2016 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded a contract by Hebei Haiwei Group for the license and basic engineering design of a polypropylene unit to be built in Jingxian, Hebei Province, China. The unit will use CB&I's Novolen® technology to produce 200,000 metric tons per annum of polypropylene. CB&I previously announced the license and engineering design of a propane dehydrogenation unit, which uses CB&I's CATOFIN® technology, at the same location.

"CB&I is pleased to have been selected as the polypropylene licensor for the project," said Daniel McCarthy, President of CB&I's Technology operating group. "This award builds on our relationship with Hebei Haiwei as it follows the successful development of the CATOFIN propane dehydrogenation unit."

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

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, 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.

For more information, visit www.cbi.com (http://www.cbi.com).

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cbi-announces-polypropylene-technology-award-in-china-300199862.html

SOURCE CB&I


Source: PR Newswire (January 6, 2016 - 8:00 AM EST)

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