October 10, 2008

Lummus Technology Awarded Contract From Ibn Rushd

Lummus Technology, a CB&I company (NYSE:CBI), has been awarded a contract by Ibn Rushd, a SABIC affiliate, for the license and basic engineering of the proprietary CATOFIN(R) technology utilizing Sud-Chemie's latest CATOFIN catalyst. With a capacity of 650,000 metric tons per annum, the plant will be the largest single line propane dehydrogenation facility in the world.

The plant will be located in Yanbu, Saudi Arabia and is scheduled for start-up in 2011.

About CB&I

CB&I combines proven process technology, from its Lummus Technology business, with global capabilities in engineering, procurement and construction to deliver comprehensive solutions to customers in the energy and natural resource industries. With more than 70 proprietary licensed technologies and 1,500 patents and patent applications, CB&I is uniquely positioned to take projects from conceptual design, through technology licensing, engineering and construction and final commissioning. Drawing upon the global expertise and local knowledge of approximately 18,000 employees in more than 80 locations, CB&I safely and reliably executes projects worldwide. For more information visit www.CBI.com. If you would like to be added to CB&I's news release email distribution list, click here.