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Gold/Mining/Energy : Chicago Bridge & Iron Company N.V. (CBI)
CBI 16.390.0%May 11 5:00 PM EST

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From: JakeStraw5/12/2005 8:07:23 AM
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Major U.S. Refiner Awards Clean Fuels Projects to CB&I
biz.yahoo.com

Thursday May 12, 8:00 am ET

THE WOODLANDS, Texas--(BUSINESS WIRE)--May 12, 2005--CB&I has been awarded lump-sum turnkey EPC contracts by a major U.S. refiner to engineer and construct hydrotreating and sulfur removal and recovery facilities at one of its refineries and a gasoline desulfurization unit at a second refinery. These contracts are valued in excess of US$225 million.

At the first location, CB&I's work scope includes the design, fabrication and installation of a 57,000 BPSD hydrocracker/hydrotreater, incorporating a light ends recovery unit; a 260 long tons per day sulfur removal/tail gas treating unit; a 2,100 gallons per minute (GPM) amine treating unit; and a 500 GPM sour water stripping unit. The facilities will help enable the refinery to meet U.S. Environmental Protection Agency (EPA) specifications for ultra-low sulfur diesel fuel and also improve the refinery's ability to process heavier crude feedstocks.

At the second location, CB&I's work scope includes the design, fabrication and installation of an 18,000 BDP hydrotreater. Once in production, the unit will enable the refinery to meet U.S. EPA specifications for ultra-low sulfur gasoline.

Gerald M. Glenn, CB&I's Chairman, President and CEO, stated: "We are pleased to continue our association with this valued customer as a key supplier for their clean fuels programs. CB&I offers a comprehensive slate of technology and resources to meet the needs of refiners worldwide." These awards make up a portion of CB&I's first quarter 2005 new business taken as previously reported.
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