CB&I Awarded Contract for U.S. Gas Processing Plant for $300M

CB&I CBI announced that it has been awarded a contract, valued in excess of $300 million, for a new natural gas processing plant in the Northeastern U.S. CB&I's work scope includes the engineering, procurement and construction of a 200 million cubic foot per day natural gas processing plant, including full fractionation and treatment capabilities, storage tanks and loading systems. In addition, CB&I's Lummus Technology business sector is providing its proprietary NGL-MaxSM recovery technology. The contract is scheduled for completion in 2012. “This contract is a great example of CB&I's ability to leverage the synergy of our technology, storage and EPC capabilities to provide a single-source solution to natural gas producers,” said Philip K. Asherman, President and CEO. “As gas production ramps up in U.S. shale basins, we are well positioned to support the infrastructure development needs of these strategically important projects.”