THE WOODLANDS, Texas, Sept. 11, 2017 /PRNewswire/ -- CB&I (CBI) today announced it has been awarded a contract by Xuzhou HaiDing Chemical Technology Co. Ltd. for the license and engineering design of a grassroots propane dehydrogenation unit to be built in Pizhou, Jiangsu Province, China. The unit will use CB&I's CATOFIN® catalytic dehydrogenation technology and Clariant's tailor-made, non-noble, CATOFIN catalyst to produce 600,000 metric tons per year of propylene. CB&I's CATOFIN technology continues to be the propane dehydrogenation technology of choice, which consistently exceeds customer expectations for overall performance.
"We look forward to furthering our technology footprint in China by licensing CATOFIN to Xuzhou HaiDing Chemical Technology's fast-track project," said Daniel M. McCarthy, CB&I's Executive Vice President of Technology. "CATOFIN has unmatched operational reliability and continually surpasses nameplate capacities. Its optimized operational conditions delivers the highest conversion and selectivity to the customer, resulting in both the lowest capital and operational expenditure for the project."
CB&I (CBI) is a leading provider of technology and infrastructure for the energy industry. With more than 125 years of experience, CB&I provides reliable solutions to our customers around the world while maintaining a relentless focus on safety and an uncompromising standard of quality. For more information, visit www.CBI.com.
Important Information For Investors And Shareholders
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements regarding CB&I and represents our expectations and beliefs concerning future events. These forward-looking statements are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties. When considering any statements that are predictive in nature, depend upon or refer to future events or conditions, or use or contain words, terms, phrases or expressions such as "achieve," "forecast," "plan," "propose," "strategy," "envision," "hope," "will," "continue," "potential," "expect," "believe," "anticipate," "project," "estimate," "predict," "intend," "should," "could," "may," "might" or similar forward-looking statements, we refer you to the cautionary statements concerning risk factors and "Forward-Looking Statements" described under "Risk Factors" in Item 1A of our Annual Report filed on Form 10-K filed with the SEC for the year ended December 31, 2016, and any updates to those risk factors or "Forward-Looking Statements" included in our subsequent Quarterly Reports on Form 10-Q filed with the SEC, which cautionary statements are incorporated herein by reference.
View original content with multimedia:http://www.prnewswire.com/news-releases/cbi-announces-catofin-technology-award-for-petrochemical-plant-in-china-300516547.html