CB&I Signs China Licensing Deal
US engineering contractor CB&I has signed a strategic alliance with Jinzhou Port Co. (Jingang) to become the master licensor for an integrated refining and petrochemicals project in Jinzhou City, northeast China.
The agreement could see Jingang use more than one third of CB&I‘s technology portfolio, noted Philip Asherman, president and CEO of CB&I. “The scope of the alliance offers the largest supply of CB&I technologies to a single project and leverages our breadth of portfolio to Jingang for optimum configuration of their complex,” he said.
Under the terms of the deal, CB&I will be the primary licensor providing up to 30 proprietary technologies ranging from gasification and refining to petrochemicals. The alliance includes the exclusive license, engineering design, catalyst supply and proprietary equipment for the complex. No further details on the proposed project were available.
