CB&I Announces Contracts for U.S. Petrochemical Project
THE WOODLANDS, Texas--(BUSINESS WIRE)-- CB&I (NYS: CBI) announced today that it has been awarded contracts by Occidental Chemical Corporation for the technology license, basic engineering and front end engineering and design (FEED) services for a proposed new ethane cracker. The proposed cracker is anticipated to have a capacity of approximately 1.2 billion pounds per year of ethylene.
The scope of work includes the basic engineering for the ethylene technology and five SRT® (short residence time) cracking heaters from CB&I's Lummus Technology business sector. Feedstock for the proposed cracker is anticipated to be ethane derived from domestic shale gas.
CB&I (NYS: CBI) engineers and constructs some of the world's largest energy infrastructure projects. With premier process technology from its Lummus Technology business, proven EPC expertise, and unrivaled storage tank experience, CB&I executes projects from concept to completion. Safely. Reliably. Globally. For more information, visit www.CBI.com.
Investors: Christi Thoms, +1 832-513-1200
KEYWORDS: United States North America Texas
The article CB&I Announces Contracts for U.S. Petrochemical Project originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.