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| CB&I Announces Technology Acquisition |
| Release: 10/26/2009 7:00:00 AM |
 
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CB&I (NYSE:CBI) announced today that it has entered into a definitive agreement with H2Gen Innovations, Inc., to acquire the Mars modularized Pressure Swing Adsorption (PSA) technology. H2Gen's PSA technology is used to recapture hydrogen and noble gases from waste streams in a variety of industries including oil & gas, petrochemicals and metals. Small footprint PSA process modules provide gas separation and purification with high reliability at a low cost. Commercialized H2Gen PSA projects are successfully operating in North America and the Middle East. "H2Gen's high-performance PSA technology provides an important component in hydrogen management that complements our existing portfolio of refining, gas processing and petrochemical technologies," said Dan McCarthy, President of CB&I's Lummus Technology sector. "It offers significant advantages over competing PSA technologies including improved gas purity, faster cycle times, better equipment reliability and broad scalability." About CB&I CB&I designs, engineers and constructs some of the world's largest energy infrastructure projects, providing a full spectrum of EPC solutions and proven process technologies. Drawing upon more than a century of experience and the expertise of approximately 17,000 employees worldwide, CB&I safely and reliably executes more than 600 projects a year through its three business sectors: CB&I Lummus builds upstream and downstream oil & gas projects, LNG liquefaction and regasification terminals, and a wide range of other energy related projects; CB&I Steel Plate Structures designs, fabricates and constructs storage tanks and containment vessels and their associated systems for the oil & gas, water & wastewater, mining and nuclear industries; Lummus Technology capitalizes on more than 1,500 patents and patent applications to provide process technologies and catalysts for petrochemical facilities, oil refineries and gas processing plants. For more information, visit www.CBI.com or access technical details at Lummus Technology Fact Sheets. If you would like to be added to CB&I's news release email distribution list, visit www.cbi.com/ir/news.htm.
CB&I |