CB&I announced that Lummus Technology has been awarded a contract by Formosa Chemicals and Fibre Corporation (FCFC) for the license and engineering design of a grassroots cumene and phenol plant to be built in Ningbo, China. This is a fourth quarter 2010 award.

The plant, which is expected to start up in 2013, will use Lummus Technology's Polimeri Europa/Lummus cumene and phenol technologies to produce 450,000 metric tonnes per annum (MTA) of cumene and 300,000 MTA of phenol. Cumene is used to make phenol, which is mainly used in the manufacture of liquid and solid resins.