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Comment Business & Economics

CB&I awarded technology contract from GS Caltex  

By Gerald Ondrey |

CB&I (The Woodlands, Tex.; www.cbi.com) has been awarded a contract by GS Caltex Corporation for the license, basic engineering and catalyst supply for a new para-xylene unit to be built in Yeosu, Korea. The unit will use the BP para-xylene technology, exclusively licensed by CB&I, and will have a world scale design capacity. Start-up is expected in 2016. The technology employs an innovative energy-efficient crystallization process to produce para-xylene and will provide GS Caltex with a reliable, low cost solution for its world scale plant. Para-xylene is an intermediate in the manufacture of polyester, a polymer used for a variety of applications from fibers to engineering plastics.  
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