CB&I (The Woodlands, Tex.; www.cbi.com) announced that it has been awarded a contract by Formosa Chemicals and Fibre Corp. for the license and engineering design of a cumene and phenol plant expansion in Ningbo, China. The original plant was licensed in 2010 by CB&I based on Versalis technology, and will now be re-engineered to achieve even higher capacity.
“CB&I has a long history with Formosa, and we look forward to continuing to provide premium technology solutions for their petrochemicals facility in China,” said Philip K. Asherman, CB&I’s President and Chief Executive Officer. “This award underlines CB&I’s ability to optimize existing units to achieve greater capacity in response to changing market demands.”