Engineering Solutions…Delivering Results
Established in Chicago, Illinois, USA, in 1889 as a bridges construction company, Chicago Bridge & Iron (CB&I) moved into liquid storage structures with the development of the steam railways at the beginning of the 20th century in USA, South America and Middle East.
The last strategic turn was taken in 2007 when CB&I acquired the engineering company Lummus Global (Lummus) from the Swiss-Swedish ABB group.
In some years, CB&I evolved from a construction company to a contractor to become one of the world largest engineering company.
In buying Lummus, CB&I moved its headquarter to The Hague in The Netherlands, where global companies are most welcome, but stayed listed in New York Stock Exchange.
– 70 proprietary licensed technologies
– 2,800 patents and patent applications.
These CB&I Lummus’s proprietary technologies apply to refining gasoline and diesel, natural gas processing and the whole petrochemical hydrocarbon chain such as ethylene and polypropylene. Together with Lummus, CB&I covers all the upstream and downstream applications for:
– Conceptual studies
– Technology licensing
– All engineering services
With 23,000 employees , CB&I built in excess of 46,000 storage tanks in more than 100 countries on all seven continents.
CB&I Lummus holds strategic alliances with major companies such as the joint venture Chevron Lummus Global.
CB&I Key Figures*
– 2011 Revenues: $4,55 billion
– 2009 Revenues: $4,55 billion
– 2011 Earnings: $0,35 billion
– 2010 Earnings: $0,29 billion
– 2009 Earnings: $0,29 billion
– 2011 Capital Expenditure: $0,040 billion
– 2010 Capital Expenditure: $0,024 billion
– 2009 Capital Expenditure: $0,047 billion
*Do not include The Shaw Group
CB&I Projects and Business Highlights
In October 2012, CB&I made a new stepped up its market leadership in taking over the power business of the The Shaw Group.
Shortly before the acquisition by CB&I, The Shaw Group had spin off its Energy and Chemicals business (ex Stone and Webster) to Technip.
The transaction between CB&I and The Shaw Group should be completed on first quarter 2013.
– Western Europe with BASF Butadiene new facility in The Netherlands and Statoil Aasta Hansteen in Norway
– Middle East with Ethydco Ethylene in Egypt and ORPIC Sohar Refinery Expansion in Oman
– Asia with Shell Ethylene expansion in Singapore and Reliance Jamnagar Paraxylene in India
– North America with ExxonMobil Kearl Oil Expansion in Canada
The variety of the projects after acquiring Lummus technologies and licensees illustrate how much CB&I is now a global player in the oil and gas and petrochemical sector, well completed now in the power business by Shaw Group.