CB&I Announces Technology Award in Korea
THE WOODLANDS, Texas--(BUSINESS WIRE)-- CB&I (NYS: CBI) announced today that it has been awarded a contract by SK gas, South Korea's largest importer and distributor of liquefied petroleum gas (LPG), for the license and engineering design of a grassroots propane dehydrogenation (PDH) unit to be built in Ulsan, Korea. Startup is expected in 2016.
The unit will use the CATOFIN® dehydrogenation process from Lummus Technology to produce 600,000 metric tonnes per year of propylene. "We are pleased to be able to provide this cost-effective and reliable route to on-purpose propylene to meet SK gas' plans to expand their product portfolio," said Daniel McCarthy, president of CB&I's Technology operating group. "This PDH unit will be the largest in Korea."
Propylene is a building block used to produce a variety of products including plastics and solvents.
CB&I (NYS: 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.
Investors: Christi Thoms, +1 832-513-1200
KEYWORDS: United States Asia Pacific North America South Korea Texas
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