Chicago Bridge & Iron Company N.V. : CB&I Awarded EPCM Contract for Butadiene Extraction Plant in Belgium
08/14/2012| 07:05am US/Eastern
(NYSE: CBI) announced today that it has been awarded a contract by BASF
for the engineering, procurement and construction management of a new
butadiene extraction plant in Antwerp, Belgium. The contract, which is
valued in excess of US$50 million, is an essential part of the total
BASF investment amount, which will be in the high double-digit million
euro range. The plant is scheduled to start up during 2014.
This award builds on CB&I's existing relationship with BASF as licensor
of its butadiene technology. Butadiene is a raw material that can be
used to produce synthetic rubber, among other applications including
paper chemicals and plastics production.
(NYSE: CBI) engineers and constructs some of the world's largest energy
infrastructure projects. With premier process
technology, 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.
Christi Thoms, +1 832 513 1200
© Business Wire 2012