December 21, 2015 - 8:00 AM EST
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CB&I Awarded Contract for Monoethylene Glycol Facility

THE WOODLANDS, Texas, Dec. 21, 2015 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded a contract valued in excess of $365 million by Lotte Chemical Louisiana, LLC to provide construction services for a monoethylene glycol (MEG) facility in Lake Charles, Louisiana. The MEG facility will be located adjacent to the ethane cracker, as announced by a joint venture between Axiall Corporation and Lotte Chemical Corporation.

"This project is the second of two important petrochemical initiatives Lotte Chemical is developing in the region, and CB&I is pleased to have been selected for both projects," said Philip K. Asherman, CB&I's President and Chief Executive Officer. "This award is a testament to their confidence in our experience and ability to safely execute the project."

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

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Source: PR Newswire (December 21, 2015 - 8:00 AM EST)

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