CB&I to Supply Large Hydrogen Plant for Refinery in Texas.

THE WOODLANDS, Texas -- CB&I (NYSE:CBI) has been awarded a lump-sum contract by a major U.S. refiner to supply a large-scale hydrogen plant for one of its refineries located in Texas. The project is valued at approximately US$40 million.

CB&I's scope of work for the project consists of the engineering, procurement and fabrication of an 80 million standard cubic feet per day hydrogen plant that will supply high-purity hydrogen for the refinery's ultra low sulfur diesel program. The customer will be responsible for construction of the facility. 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. Delivery of the plant is scheduled for summer 2007.

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 lump-sum turnkey projects for customers that produce, process, store and distribute the world's natural resources. With more than 60 locations and approximately 11,000 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.