CB&I Announces Technology Award in Korea

  CB&I Announces Technology Award in Korea

Business Wire

THE WOODLANDS, Texas -- March 13, 2013

CB&I (NYSE: CBI) announced today that it has been awarded a contract by SK
gas, South Korea’s largest importer and distributor of liquefied petroleum gas
(LPG), for the license and engineering design of a grassroots propane
dehydrogenation (PDH) unit to be built in Ulsan, Korea. Startup is expected in
2016.

The unit will use the CATOFIN® dehydrogenation process from Lummus Technology
to produce 600,000 metric tonnes per year of propylene. “We are pleased to be
able to provide this cost-effective and reliable route to on-purpose propylene
to meet SK gas’ plans to expand their product portfolio,” said Daniel
McCarthy, president of CB&I’s Technology operating group. “This PDH unit will
be the largest in Korea.”

Propylene is a building block used to produce a variety of products including
plastics and solvents.

About CB&I

CB&I (NYSE:CBI) is the most complete energy infrastructure focused company in
the world and a major provider of government services. Drawing upon more than
a century of experience and the expertise of approximately 50,000 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.

Contact:

CB&I
Investors: Christi Thoms, +1 832-513-1200
Media: www.CBI.com
 
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