Chicago Bridge & Iron Company N.V. : CB&I Announces Paraxylene Technology Award by Reliance Industries Limited, India
07/03/2012| 07:05am US/Eastern
Recommend:
CB&I
(NYSE: CBI) announced today that it has been awarded a contract by
Reliance Industries Ltd. for providing technology for the world's
largest aromatics complex to be built at Jamnagar, Gujarat, India.
"Our role as the exclusive licensor for BP's paraxylene technology is
another example of how strategic collaborations are an effective
approach for global producers like Reliance," said CB&I President and
CEO Philip K. Asherman. "Combined with the expertise of CB&I's Lummus
Technology business sector, this technology provides the optimal
solution in terms of cost and reliability."
The complex includes proprietary BP paraxylene technology offered for
license exclusively by Lummus Technology, which uses a novel
crystallization step and other features to provide for low capital and
operating costs.
Paraxylene is an intermediate in the manufacture of polyester, a polymer
used for a variety of applications, from fibers to engineering plastics.
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.
CB&I
Investors:
Christi Thoms, +1 832 513 1200
or
Media:
www.CBI.com
© Business Wire 2012
Recommend :
