July 25, 2016 - 8:00 AM EDT
Print Email Article Font Down Font Up
CB&I Announces Alkylation Technology Award in Indonesia

THE WOODLANDS, Texas, July 25, 2016 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded the license and engineering design of a grassroots alkylation unit by PT Pertamina (Persero). The unit will use CB&I's CDAlky® advanced sulfuric acid alkylation technology and Haldor Topsoe's WSA (Wet gas Sulfuric Acid) technology as part of the upgrade of Pertamina's Refinery Unit V in Balikpapan, East Kalimantan, Indonesia.

CDAlky  is an environmentally-friendly alternative process to obtain high-octane, premium gasoline. Because the improved process eliminates the need for human contact with sulfuric acid, it reduces overall maintenance, chemical cost and environmental impact for refineries.

"CB&I is pleased to have been selected as the alkylation technology licensor for the project," said Daniel McCarthy, President of CB&I's Technology operating group. "We have previously licensed technologies to Pertamina, and we look forward to our continued partnership with them."  

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, [email protected]
Media: Gentry Brann, +1 832 513 1031, [email protected]

For more information, visit www.cbi.com

Logo - http://photos.prnewswire.com/prnh/20130430/DA04155LOGO

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cbi-announces-alkylation-technology-award-in-indonesia-300302911.html

SOURCE CB&I


Source: PR Newswire (July 25, 2016 - 8:00 AM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice