CB&I Announces CATOFIN Technology Award in China

               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
 
Press spacebar to pause and continue. Press esc to stop.