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Gold/Mining/Energy : Chicago Bridge & Iron Company N.V. (CBI)
CBI 16.390.0%May 11 4:00 PM EDT

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From: Savant10/14/2014 9:43:49 AM
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CB&I Announces Gasification Technology Award in China

Oct 14, 2014 08:00:00 (ET)

THE WOODLANDS, Texas, Oct. 14, 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 gasification unit to be built near Dongying, Shandong Province, China.

The unit will utilize CB&I's proprietary E-GasPlus(TM) technology for a three-train facility to produce syngas for hydrogen, fuel gas and power. This plant will have the capability of operating on coal and petroleum coke, or a combination of these fuels with a liquid or solid residue from an upstream hydrocracking unit. This will be in addition to six other process units licensed earlier by Sincier using CB&I's technology to produce octane boosting, clean gasoline blendstocks, residue upgrading and petrochemicals production.

"This award underlines Sincier's continued trust in CB&I as a source of state-of-the-art solutions for its process technology needs," said Daniel McCarthy, President of CB&I's Technology operating group. "The highly efficient, environmentally sound E-Gas technology has more than 25 years of proven commercial experience. This project embodies the latest advancement of E-Gas technology and will have the flexibility to simultaneously process both solid and liquid fuels."

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.

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