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CB&I Awarded Contract for Liwa Plastics Project

CB&I (NYSE: CBI) today announced it has been awarded a contract valued in excess of $40 million by Oman Oil Refineries and Petroleum Industries Company (Orpic) to provide ethylene technology and front end engineering and design (FEED) services for the Liwa Plastics Project in the Sultanate of Oman.

CB&I's project scope includes FEED services for a grassroots 800 ktpa ethylene plant, pygas unit, MTBE and butene-1 unit, two polymer plants, a gas plant and pipeline as well as the related off-sites and utilities.

The ethylene plant will employ CB&I's latest, proven ethylene technology, including highly selective SRT® cracking heaters and its innovative recovery section design, featuring low pressure separation and mixed refrigeration to minimize investment costs.

"CB&I has been selected for this significant project following the successful completion of the front end engineering and design of the Sohar Refinery Improvement Project for Orpic," said Philip K. Asherman, CB&I's President and Chief Executive Officer. "This project is an example of CB&I's ability to offer our customers a more complete supply chain solution - showcasing our expertise in technology as well as engineering, procurement and construction."

www.cbi.com

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