Valero Energy Corporation Selects CB&I for Clean Fuels Project at Louisiana Refinery.Energy Editors/Business Editors THE WOODLANDS, Texas--(BUSINESS WIRE)--March 3, 2004 CB&I (NYSE NYSE See: New York Stock Exchange :CBI), through its subsidiary CB&I Matrix, has been awarded a lump-sum turnkey EPC contract by Valero Energy Corporation Valero Energy Corporation (NYSE: VLO) is a Fortune 500 company based in San Antonio, Texas with 21,836 employees and annual revenue of more than $90 billion. The company owns and operates 17 refineries throughout the United States, Canada and the Caribbean with a combined to engineer and construct a new 60,000 barrel per day (BPD) Gasoline Desulfurization Unit at Valero's 185,000 BPD refinery in St. Charles, La. The contract is valued in excess of US$60 million. CB&I's scope includes the design, fabrication and installation of the complete process unit, which will reduce the sulfur content of naphtha feedstock using catalytic distillation technology licensed from CDTECH. The low sulfur gasoline produced by the new unit will enable Valero to better comply with U.S. Environmental Protection Agency Environmental Protection Agency (EPA), independent agency of the U.S. government, with headquarters in Washington, D.C. It was established in 1970 to reduce and control air and water pollution, noise pollution, and radiation and to ensure the safe handling and (EPA EPA eicosapentaenoic acid. EPA abbr. eicosapentaenoic acid EPA, n.pr See acid, eicosapentaenoic. EPA, n. ) Tier 2 gasoline specifications. Mechanical completion is expected in summer 2005. Gerald M. Glenn, CB&I's Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated: "We are pleased to continue our association with Valero as a key supplier for their clean fuels program. Our Process and Technology group offers a comprehensive slate of technology and resources to meet the process needs of refiners worldwide." CB&I is one of the world's leading engineering, procurement and construction  The introduction to this article is vague. To comply with Wikipedia's guidelines, it should be improved. (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 10,000 employees located 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.CBIepc.com.
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