CB&I Announces Bitumen Refinery Tank Award

THE WOODLANDS, Texas, Dec. 23, 2013 /PRNewswire/ -- CB&I (NYSE: CBI) announced today it has been awarded a contract valued in excess of $55 million by the North West Redwater Partnership (NWRP), a joint venture between North West Upgrading Inc. and Canadian Natural Upgrading Ltd. CB&I will provide engineering, procurement and construction services for 18 storage tanks for bitumen feedstock and finished products for phase one of NWRP's new grassroots refinery in Sturgeon County, Alberta, Canada.

"This award builds on CB&I's proven expertise in storage tank design and construction for the refining industry," said Luke Scorsone, President of CB&I's Fabrication Services operating group. "It also continues CB&I's extensive legacy in Canada, where we have been operating for over a century."

About CB&I
CB&I (NYSE: CBI) is the most complete energy infrastructure focused company in the world and a major provider of government services.  Drawing upon more than a century of experience and the expertise of approximately 50,000 employees, CB&I provides reliable solutions 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, 2012, 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.

(Logo: http://photos.prnewswire.com/prnh/20130430/DA04155LOGO)

SOURCE CB&I



RELATED LINKS
http://www.cbi.com

Best of Content We Love 2014 


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.