CB&I (NYSE:CBI) announced today that Ning Bo Heyuan Chemical Company Ltd. has awarded Lummus Technology, a CB&I company, a contract for the license and basic engineering of a DMTO methanol-to-olefins recovery unit, and an Olefins Conversion Technology (OCT) unit in Ning Bo, China.

The DMTO unit will produce 600,000 metric tonnes per annum (MTA) of ethylene and propylene, as well as some lower value n-butylenes. All of the n-butylenes and some of the recovered ethylene from the DMTO will be used in the OCT unit to produce 90,000 MTA of propylene. Olefins (ethylene and propylene) are used as intermediates in the petrochemical industry to produce a variety of products, including plastics, fibers and rubber.

About CB&I

CB&I designs, engineers and constructs some of the world’s largest energy infrastructure projects, providing a full spectrum of EPC solutions and proven process technologies. Drawing upon more than a century of experience and the expertise of approximately 17,000 employees worldwide, CB&I safely and reliably executes more than 600 projects a year through its three business sectors: CB&I Lummus builds upstream and downstream oil & gas projects, LNG liquefaction and regasification terminals, and a wide range of other energy related projects; CB&I Steel Plate Structures designs, fabricates and constructs storage tanks and containment vessels and their associated systems for the oil & gas, water & wastewater, mining and nuclear industries; Lummus Technology capitalizes on more than 1,500 patents and patent applications to provide process technologies, catalysts and specialty equipment for petrochemical facilities, oil refineries and gas processing plants. For more information, visit www.CBI.com or access technical details at Lummus Technology Fact Sheets. If you would like to be added to CB&I’s news release email distribution list, visit www.cbi.com/ir/news.htm.