CB&I has entered into an agreement with Phillips 66 to acquire the companys E-Gas technology business, officials confirmed on Thursday.
The E-Gas solids gasification technology is a process that converts 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.
We look forward to adding the E-Gas Technology to our portfolio, which will mark our entry into the syngas value chain," said Daniel McCarthy, group president of CB&Is technology operating group.
"It also will bring added synergy to our delayed coking technology offering for integrated power generation, and other options to the refining and power industries," he added.
Financial details were not disclosed.