CB&I has been awarded an ethylene technology contract by Lianyungang Petrochemical, a subsidiary of Zhejiang Satellite Petrochemical. The engineering contractor's scope of work includes a process design package, heater engineering and technology license for two ethylene plants with a capacity of 1,25 kta each at Lianyungang's petrochemical facility in Jiangsu Province, China
CB&I and McDermott International announced that they have entered into a business transaction agreement valued $ 6 billion, under which the two companies will combine in an all-stock transaction. The combination will create a fully vertically integrated onshore-offshore company with a broad engineering, procurement, construction and installation service offering and technology portfolio. CB&I also announced that it has been awarded a contract by IGP Methanol LLC.
McDermott and CB&I have agreed to combine in an all-stock transaction to create a fully vertically integrated onshore-offshore company, with a broad engineering, procurement, construction and installation service. The estimated enterprise value of the transaction is approximately $ 6 billion.
CB&I has been awarded a contract by Lukoil for the detailed engineering, procurement and supply of process equipment, including two proprietary delayed coking heaters for the Deep Conversion Complex in Kstovo City, central Russia.