CB&I (NYSE:CBI) announced today that it has entered into a definitive
agreement with H2Gen Innovations, Inc., to acquire the Mars modularized
Pressure Swing Adsorption (PSA) technology.
H2Gen's PSA technology is used to recapture hydrogen and noble gases
from waste streams in a variety of industries including oil & gas,
petrochemicals and metals. Small footprint PSA process modules provide
gas separation and purification with high reliability at a low cost.
Commercialized H2Gen PSA projects are successfully operating in North
America and the Middle East.
“H2Gen's high-performance PSA technology provides an important component
in hydrogen management that complements our existing portfolio of
refining, gas processing and petrochemical technologies," said Dan
McCarthy, President of CB&I's Lummus Technology sector. “It offers
significant advantages over competing PSA technologies including
improved gas purity, faster cycle times, better equipment reliability
and broad scalability.”
About CB&I
CB&I
designs, engineers and constructs some of the world’s largest energy
infrastructure projects, providing a full
spectrum of EPC solutions and proven process
technologies. Drawing upon
more than a century
of experience and the expertise
of approximately 17,000 employees worldwide, CB&I safely and reliably
executes more than 600 projects a year through its three business
sectors: CB&I
Lummus builds upstream and downstream oil & gas projects, LNG
liquefaction and regasification terminals, and a wide range of other
energy related projects; CB&I
Steel Plate Structures designs, fabricates and constructs storage
tanks and containment vessels and their associated systems for the oil &
gas, water & wastewater, mining and nuclear industries; Lummus
Technology capitalizes on more than 1,500 patents and patent
applications to provide process technologies and catalysts
for petrochemical facilities, oil refineries and gas processing plants.
For more information, visit www.CBI.com
or access technical details at Lummus
Technology Fact Sheets. If you would like to be added to CB&I’s news
release email distribution list, visit www.cbi.com/ir/news.htm.
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