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Oil & Gas

CBI unit wins $40 million ethylene plant contract

August 19, 2009
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Lummus Technology, a subsidiary of Chicago Bridge & Iron NV, has won a contract worth about $40 million to supply eight heaters to an ethylene plant in Taiwan, reports the Associated Press. The subsidiary won the contract from CTCI Corp. for a plant in Lin Yuan, Taiwan. Lummus handled technology and engineering under a separate contract. CB&I, based in The Hague, Netherlands, designs and builds energy-infrastructure projects. The Lummus unit has customers in the petrochemical and refining industries, including Chevron and Shell. The parent lost $21 million on $5.94 billion in revenue last year.

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