CB&I Announces Contract For U.S. Ethylene Plant

               CB&I Announces Contract For U.S. Ethylene Plant

PR Newswire

THE WOODLANDS, Texas, Dec. 2, 2013

THE WOODLANDS, Texas, Dec. 2, 2013 /PRNewswire/ --CB&I (NYSE: CBI) announced
today it has been awarded a contract valued at approximately $1 billion by
Ingleside Ethylene LLC, a joint venture between Occidental Chemical
Corporation (OxyChem), a subsidiary of Occidental Petroleum Corporation
(NYSE:OXY), and Mexichem, S.A.B. de C.V. (Mexichem) for the engineering,
procurement and construction of an ethane cracker and associated utilities and
offsites to be located at OxyChem's complex in Ingleside, Texas. The cracker
will have the capacity to produce approximately 1.2 billion pounds per year of

Feedstock for the cracker is anticipated to be ethane derived from domestic
shale gas.

As previously announced, CB&I provided the technology license and basic
engineering for the ethylene technology, five SRT^® (short residence time)
cracking heaters and the front end engineering and design (FEED) services.

"The award of this important ethylene project in the U.S. reflects the quality
of work CB&I has provided to OxyChem and MexiChem to date," said Philip K.
Asherman, CB&I's President and Chief Executive Officer. "It shows the clients'
confidence in our ability to provide a complete range of services from proven
licensed process technology, fabrication and FEED services to engineered
products, all the way through to EPC."

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

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