CB&I Announces Polypropylene Technology Catalyst Plant Opening

Dienstag, 18.10.2016 14:05 von

PR Newswire

THE WOODLANDS, Texas, Oct. 18, 2016 /PRNewswire/ -- CB&I (NYSE:CBI) today announced the opening of a new polypropylene catalyst production plant in Louisville, Kentucky, developed and implemented in cooperation with Clariant. The new plant is the largest U.S. production hub for Clariant's catalysts and will produce next generation catalysts for CB&I's Novolen technology licensees and the global polypropylene industry.

"The new plant will manufacture high-performing, innovative catalysts to help the global industry efficiently produce a complete portfolio of polypropylene resins," said Philip K. Asherman, CB&I's President and Chief Executive Officer. "This is an excellent example, from a technology standpoint, of how CB&I is able to control more of our supply chain to benefit our customers and key parts of our business."

CB&I's partnership with Clariant strengthens both companies' position in polypropylene catalyst and technology by leveraging joint research and development efforts, Clariant's production experience and CB&I's expertise in catalyst, process design and licensing of polypropylene plants.

About CB&I
CB&I (NYSE:CBI) is a leading provider of technology and infrastructure for the energy industry. With over 125 years of experience and the expertise of more than 40,000 employees, 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, 2015, 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.

Investors: Scott Lamb, +1 832 513 1068, Scott.Lamb@CBI.com
Media: Gentry Brann, +1 832 513 1031, Gentry.Brann@CBI.com

 For more information, visit www.cbi.com (http://www.cbi.com).

Logo - http://photos.prnewswire.com/prnh/20130430/DA04155LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cbi-announces-polypropylene-technology-catalyst-plant-opening-300346298.html