THE WOODLANDS, Texas,
Nov. 14, 2017 /PRNewswire/
-- CB&I (NYSE:CBI) today announced it has been selected by
Indian Oil Corporation Limited (IOCL) for the license, engineering
design and catalyst supply for a residue upgrading unit in Mathura,
India. The unit will use Chevron
Lummus Global's (CLG) LC-MAX™ and ISOCRACKING®
technologies. The scope of work also includes the supply of
catalysts, proprietary reactor internals, and training and
technical services. CLG is a joint venture between Chevron
U.S.A. Inc. and CB&I.
"This will be the first vacuum residue upgrading unit in
India," said Daniel M. McCarthy, CB&I's Executive Vice
President of Technology. "The high-conversion rates offered will
enable the IOCL refinery to eliminate fuel oil while producing
high-quality diesel for the region."
CLG's ISOCRACKING and LC-MAX technologies provide the most
flexible upgrade path of vacuum residue to lighter, premium
products at an industry-leading conversion rate of 90 percent. The
flexibility and high-conversion rates achieved by the technologies
enable customers to reach a balance between stringent product
specifications, product yield and cycle run-length, all with the
benefit of lower capital investment and operating costs.
About CB&I
CB&I (NYSE: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.
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future events. These forward-looking statements are intended to be
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by the Private Securities Litigation Reform Act of 1995.
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use or contain words, terms, phrases or expressions such as
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"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