CB&I to Supply Hydrogen Plant for Air Liquide in California.

THE WOODLANDS, Texas -- Air Liquide Large Industries U.S. LP has selected CB&I (NYSE:CBI) to provide a large-scale hydrogen production facility that will be built at ConocoPhillips' refinery in Rodeo, Calif. The plant will supply high-purity hydrogen to meet the existing and future requirements of the Rodeo refinery and also will support future opportunities for hydrogen supply in the San Francisco area. The project has a value to CB&I in excess of US$50 million.

CB&I's scope of work for the project consists of the engineering, procurement and fabrication of a 120 million standard cubic feet per day (SCFD) hydrogen plant that will be built using highly modularized fabrication techniques. The plant will use CB&I's proprietary HYFORMING (TM) box furnace technology for steam methane reforming that provides superior process performance within a robust mechanical environment. The project is scheduled for completion in the third quarter of 2008.

CB&I is a leading supplier of hydrogen and synthesis gas plants for refining, petrochemical and other industrial applications. Over the past 35 years, the Company has designed and built more than 175 plants of various sizes around the world. In addition to this new project, CB&I is completing a 100 million SCFD hydrogen plant for Air Liquide in Bayport, Texas.

CB&I executes on average more than 700 projects each year and is one of the world's leading engineering, procurement and construction (EPC) companies, specializing in projects for customers that produce, process, store and distribute the world's natural resources. With more than 60 locations and approximately 10,000 employees throughout the world, CB&I capitalizes on its global expertise and local knowledge to safely and reliably deliver projects virtually anywhere. Information about CB&I is available at www.CBI.com.