CB&I Announces Contract for Ethylene Storage Facility

THE WOODLANDS, Texas, June 30, 2015 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded a contract valued at approximately $115 million, as part of the scope of the ethylene project, by Ingleside Ethylene LLC, a joint venture between Mexichem, S.A.B. de C.V. (Mexichem) and Occidental Chemical Corporation (OxyChem), a subsidiary of Occidental Petroleum Corporation, for the engineering, procurement and construction of an ethylene storage facility in Markham, Texas.

The scope of work consists of the surface facilities—including compression, dehydration, metering and associated pipe fabrication—at the salt cavern storage location. The storage facility is integral with the ethylene cracker where as previously announced, CB&I is providing the license for the ethylene technology, five SRT® (short residence time) cracking heaters and the engineering, procurement and construction of the ethylene cracker in Ingleside, Texas.

"The ethylene cracker is a significant project both for OxyChem and Mexichem, and the award of this project reflects the quality of work CB&I has provided to date," said Patrick K. Mullen, President of CB&I's Engineering & Construction operating group. "It shows the customers' confidence in CB&I's ability to offer a more complete supply chain solution—from proven licensed process technology, fabrication and engineered products, all the way through to the EPC process."

About CB&I
CB&I (NYSE:CBI) is the most complete energy infrastructure focused company in the world. With 125 years of experience and the expertise of approximately 54,000 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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SOURCE CB&I

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