CB&I Announces Technology Award in Russia

THE WOODLANDS, Texas--()--CB&I (NYSE: CBI) announced today that Lummus Technology, a CB&I company, has been awarded a contract by CJSC Vostochnaya Neftechimicheskaya (VNHK), a subsidiary of OJSC Rosneft, for the license and basic engineering of a naphtha steam cracking unit and a butadiene and benzene extraction unit for VNHK’s new petrochemical complex in Russia. This is a third quarter award.

The steam cracking unit, which will be the world’s largest, is designed to produce more than 1.4 million metric tons per annum (MTA) of ethylene and more than 600,000 MTA of propylene, using the latest advances in the Lummus SRT-VII heater technology. The butadiene unit is designed to produce 230,000 MTA of benzene and approximately 200,000 MTA of butadiene. It will use the Lummus/BASF butadiene extraction technology.

Ethylene and propylene, building blocks in the petrochemical industry, are used to produce a variety of finished products, including plastics, fibers and rubber. Butadiene, which is a co-product of ethylene, is predominantly used in the production of synthetic rubber, more than 75% of which is consumed by the global automobile and truck tire industry. Butadiene is currently in high demand globally as a result of the move by ethylene manufacturers to lighter feedstocks that produce less butadiene.

About VNHK

CJSC (VHHK), a fully owned subsidiary of OJSC Rosneft Oil Company, was established in 2011 for the realization of Rosneft’s petrochemical production in Russia’s Primorsky region near the Pervostroiteley settlement of the Nakhodka city district. The enterprise will be engaged in polymers production and will produce a range of other petrochemical products. As part of the project, a specialized sea terminal near Vostochny port is planned for shipment of the finished products.

About CB&I

CB&I (NYSE: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, or access technical details at Lummus Technology Project Fact Sheets.

Contacts

CB&I
Media: Jan Sieving, +1 832 513 1111
or
Investors: Christi Thoms, +1 832 513 1200

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CB&I announces technology award in Russia

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Contacts

CB&I
Media: Jan Sieving, +1 832 513 1111
or
Investors: Christi Thoms, +1 832 513 1200