THE WOODLANDS, Texas,
May 9, 2017 /PRNewswire/
-- CB&I (NYSE:CBI) today announced the inauguration of its
Novolen® technology polypropylene pilot plant, a new
section of its world class Research and Development (R&D)
center in Pasadena, Texas. The
pilot plant will play a key role in the development and
commercialization of new products and catalysts, keeping CB&I
on the cutting edge of R&D for licensed technology and
innovation. The pilot plant will also play an essential role in
testing catalyst systems developed in CB&I's laboratories.
"This pilot plant is a complementary investment to our
polypropylene catalyst production plant in Louisville, Kentucky," said Philip K. Asherman, CB&I's President and
CEO. "It allows us to further partner with our customers to develop
new specialty grade polypropylene and positions CB&I to best
serve the changing market."
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, 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.
Investors: Scott Lamb, +1 832
513 1068, Scott.Lamb@CBI.com
Media: Gentry Brann, +1 832
513 1031, Gentry.Brann@CBI.com
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SOURCE CB&I