CB&I Announces CATOFIN Technology Award in China PR Newswire THE WOODLANDS, Texas, March 24, 2014 THE WOODLANDS, Texas, March 24, 2014 /PRNewswire/ -- CB&I (NYSE: CBI) today announced it has been awarded a contract by Shandong Sincier Petrochemical Co., Ltd. for the license and engineering design of a grassroots propane and butane dehydrogenation unit to be built in Dongying, Shandong Province, China. The unit will use the CATOFIN^® dehydrogenation technology offered from CB&I and Clariant´s tailor-made CATOFIN catalyst to process feeds containing 165,000 metric tons per year (MTA) of propane and 250,000 MTA of iso-butane for the joint production of propylene and isobutylene. "This project award demonstrates the flexibility of the CATOFIN technology and catalyst to allow customers to co-process multiple feed compositions at optimal conditions for the highest yields with proven operational reliability," said Daniel McCarthy, President of CB&I's Technology operating group. "The new CATOFIN unit will enable Shandong Sincier to process cost effective LPG feedstocks." Propylene and isobutylene will be used as building blocks to produce a variety of 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. With 125 years of experience and the expertise of approximately 55,000 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. About Clariant Clariant is a globally leading specialty chemicals company based in Muttenz near Basel/Switzerland. On December 31, 2013, the company employed a total workforce of 18,099. In the financial year 2013, Clariant recorded sales of CHF 6.076 billion for its continuing businesses. The company reports in four business areas: Care Chemicals, Catalysis & Energy, Natural Resources, and Plastics & Coatings. Clariant's corporate strategy is based on four pillars: managing businesses for profitability, research & development and innovation, growth in emerging markets, and repositioning of the portfolio. www.clariant.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, 2013, 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. 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. SOURCE CB&I Website: http://www.cbi.com Website: http://www.clariant.com Contact: Media: www.CBI.com; Or Investors: Christi Thoms +1 832 513 1200
CB&I Announces CATOFIN Technology Award in China
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