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Chicago Bridge & Iron Company NV Announces To Acquire Technology Business From Phillips 66

Thursday, 21 Mar 2013 07:00am EDT 

Chicago Bridge & Iron Company NV announced that it has entered into an agreement with Phillips 66 to acquire the company's E-Gas Technology business. The E-Gas solids gasification technology is a process to convert coal or petroleum coke (petcoke) into syngas, which can be used for power generation or further converted to substitute natural gas, hydrogen and downstream methanol-related chemicals production. Financial terms of the transaction were not disclosed. 

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-2.84 -4.97%
11:21am EST