CB&I Announces The Commercialization Of The AlkyClean® Solid Acid Alkylation Process PR Newswire THE WOODLANDS, Texas, April 30, 2013 THE WOODLANDS, Texas, April 30, 2013 /PRNewswire/ -- CB&I (NYSE: CBI) has been awarded a contract by Shandong Wonfull Petrochemical Group Co., Ltd. to provide the license and processing engineering design for a first-of-a-kind solid acid alkylation unit to be located in China. The unit will be capable of producing 100,000 tons per annum of alkylate and is scheduled for startup in early 2014. (Logo: http://photos.prnewswire.com/prnh/20130430/DA04155LOGO) The unit will use the AlkyClean^® process technology partnered by CB&I's Technology operating group, Albemarle Corporation and Neste Oil. "CB&I is excited to be working on the first-ever commercialization of a solid-acid alkylation unit in the world," said Daniel McCarthy, President of CB&I's Technology operating group. "Alkylate has high octane and virtually no sulfur, olefins and aromatics. This makes it an ideal gasoline blend stock for every refiner to meet the upcoming stringent Tier 3 and Euro-V gasoline pool specifications in an environmentally safe manner." The solid acid catalyst for the AlkyClean process is supplied by Albemarle. About Wonfull Shandong Wonfull Petrochemical Group Co., Ltd. (Wonfull) is a large scale corporation with a total processing capacity of 12 million tons per annum, producing clean gasoline and diesel, liquefied petroleum gas and propylene as its primary products. In addition it has an established railway and road transportation infrastructure as well as its own logistics systems. 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. 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, 2012, 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. SOURCE CB&I Website: http://www.cbi.com Contact: Media: www.CBI.com; or Investors: Christi Thoms, +1 832 513 1200
CB&I Announces The Commercialization Of The AlkyClean® Solid Acid Alkylation Process
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