CB&I announces strategic alliance to provide proprietary technologies to China

CB&I today announced it has signed a strategic alliance with Jinzhou Port Co., Ltd. (Jingang) to become the master licensor for an integrated refining and petrochemicals project in Jinzhou City, China. The alliance includes the exclusive license, engineering design, catalyst supply and proprietary equipment for the complex. CB&I will be the primary licensor to provide up to 30 proprietary technologies from gasification and refining to petrochemicals.

"CB&I is proud to partner with Jingang as the master licensor for this large-scale complex, which could employ more than one-third of CB&I's technology portfolio," said Philip K. Asherman, CB&I's President and Chief Executive Officer. "The scope of the alliance offers the largest supply of CB&I technologies to a single project, and leverages our breadth of portfolio to Jingang for optimum configuration of their complex."

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