8 May 2017
ABOUT FORMOSA CHEMICALS AND FIBRE CORPORATION
DETAILS
CB&I (NYSE:CBI) today announced
that it has been awarded a contract by
Formosa Chemicals and Fibre Corporation
for the license and engineering design
of a cumene and phenol plant expansion
in Ningbo, China.
The original plant was licensed in 2010 by CB&I
based on Versalis technology, and will now be
re-engineered to achieve even higher capacity.
Philip K. Asherman,
CB&I's President and Chief Executive Officer
"CB&I has a long history with Formosa,
and we look forward to continuing
to provide premium technology solutions
for their petrochemicals facility in China,"
"This award underlines CB&I's ability to optimize
existing units to achieve greater capacity
in response to changing market demands."
Investors:
+1 832 513 1068,
Media:
Gentry Brann,
+1 832 513 1031,
WWW.CHEMWINFO.COM BY KHUN PHICHAI
