A World of Solutions

E-GasTM Technology

2013 Outlook

Phil Amick, Director Gasification Business Development October 14, 2013

Colorado Springs, Colorado

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Overview

CB&I wins the 8 month sale process to acquire the E- Gas Technology from the newly formed Phillips 66 Company.

CB&I (NYSE: CBI) is the most complete energy infrastructure focused company in the world and a major provider of government services.

One of the most complete providers of services including design, engineering, construction, fabrication, maintenance and environmental services

E-Gas is a part of the Lummus Technology group within CB&I

Safe Harbor Statement

This presentation contains forward-looking statements regarding CB&I and represents

our expectations and beliefs concerning future events. These forward-looking

statements are intended to be covered by the safe harbor for forward-looking

statements provided by the Private Securities Litigation Reform Act of 1995. Forward-

looking statements involve known and unknown risks and uncertainties. When

considering any statements that are predictive in nature, depend upon or refer to future

events or conditions, or use or contain words, terms, phrases, or expressions such as

“achieve”, “forecast”, “plan”, “propose”, “strategy”, “envision”, “hope”, “will”, “continue”,

“potential”, “expect”, “believe”, “anticipate”, “project”, “estimate”, “predict”, “intend”,

“should”, “could”, “may”, “might”, or similar forward-looking statements, we refer you to

the cautionary statements concerning risk factors and “Forward-Looking Statements”

described under “Risk Factors” in Item 1A of our Annual Report filed on Form 10-K filed

with the SEC for the year ended December 31, 2012, and any updates to those risk

factors or “Forward-Looking Statements” included in our subsequent Quarterly Reports

on Form 10-Q filed with the SEC, which cautionary statements are incorporated herein

by reference.

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Diversification across Energy Infrastructure

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Overview

Focus on safety: 0.01 LTI in 2012

50,000 employees worldwide

Nearly 125 years of experience and expertise in reliable solutions

Market Cap $5 Billion (Feb. 2013)

$26 Billion Backlog*

50% / 50% U.S. versus international

Approximately 50% / 50% Lump Sum versus Reimbursable

*Includes CB&I 3Q 2012 and SHAW 1FQ 2013 backlog results

CB&I Operating Structure

Technology

• Licensed technology

• Engineering / technical services

• Proprietary catalysts

• Specialty equipment

• Consulting services

Engineering, Construction and

Maintenance Fabrication

Services

Government Solutions

• Engineering

• Procurement

• Module fabrication

• Construction

• Commissioning

• Modularization

• Fabrication

• Erection

• Engineering

• Program and project management

• EPC

• Environmental engineering and consulting

• Emergency response and disaster recovery

• Environmental remediation

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Refining

• Alkylation

• Ethers

• Fluid catalytic cracking

• Gasoline desulfurization

• Delayed coking

• Gasification

• Hydrocracking

• Hydrotreating

• Lube dewaxing/finishing

• Resid upgrading

• Visbreaking

Markets Served

Petrochemical

• Ethylene

• Propylene

• Methanol to olefins

• Ethylbenzene

• Styrene

• Butadiene extraction

• C4 processing

• p-Xylene

• Cumene

• Phenol

• Dimethyl carbonate

• Diphenyl carbonate

• Maleic anhydride

• Polypropylene

Gas Processing

• Cryogenic gas processing

• NGL fractionation

• CO2/N2 recovery

• LNG

• H2 recovery

• Sulfur recovery

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Worldwide Technology Awards 2002-2012

Technology Awards

Refining 256

Petrochemicals 170

Gas Processing 34

Polymers 20

Total 480

(as of 12/2012)

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Refining Portfolio

MTBE

ETBE

ISOMPLUS®

TAME

TAEE

Ethylene Plant C4s

Sat. Gas

Plant

Delayed Coking (fuel, anode, needle)

Visbreaking &

Deep Thermal

Conversion

LC-FINING®

Hydrocracking

(R)FCC

Butane Dehydrogenation

Naphtha

Middle Distillates

Diesel Vacuum

Unit

Jet Naphtha

Butane

Isomerization

FCC Gasoline

HDS

Methanol

Ethanol

Methanol

Ethanol

Ethylene

Plant Feed

Crude

Unit

Thermal Gasoil

Conversion

RDS

Unsat

Gas Plant Hydrogenation

VRDS*

Dewaxing Hydrofinishing

Hydrotreating

Hydrogen

Plant

Alkylation Alkylate

*with OCR and UFR technologies

Hydrogen

Recovery

Sulfur

Recovery

H2S

NH3

H2 Rich

Gas

SynGas Gasification PetCoke

Coal

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Petrochemicals Portfolio

Methanol

Butadiene

Butylene

Cumene

Styrene Ethylbenzene

Butadiene

Extraction

Maleic

Anhydride

Naphtha

AGO/VGO

Steam

Cracking

Ethane

LPG

Propane Dehydrogenation

Butanes

Propane

Propylene

Ethylene

Hydro-

dealkylation

C6-C8s

Benzene Aromatics

Saturation

C4s

Propylene

Polypropylene

Phenol

Dimethyl

Carbonate

Diphenyl

Carbonate

Olefins

Conversion

Dimerization

Butane Dehydrogenation

CO O2

Methanol to

Olefins Methanol

Separation &

Isomerization

Paraxylene

Reformate or

Mixed Xylenes

Hexene-1 Comonomer

Production

Butene-1

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Business Model Transformation

E-Gas Licensing, PDP

Network Access on Proprietary Equipment & Restricted Equipment, Modularization,

Pipe Fabrication, Tanks

Access to Equipment Network

Proprietary & Restricted Eqpt

Detail Design Support

Training

Operations Management Services Contract for single

Heritage Client

E-Gas Licensing, PDP

Basic Engineering, FEED, Detail Engineering EPC in select markets

Training, Dynamic Simulation, Operations Training Simulators

Start-Up and Operations Support, O&M Contracting

Coking, PSA, Sulfur, Olefins and

others

2012

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Project Updates

Wabash River IGCC

POSCO Gwangyang

SNG

Reliance Jamnagar Polygen

CNOOC Huizhou

Hydrogen

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THANK YOU Wabash River IGCC

262 MW IGCC

Single train, petcoke

Operational since 1995

CB&I provides

Operations Management

services

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Wabash River Plant Reliability by Process Area

Continued strong

operation in

Gasification core

processes at the

18 year old

Wabash facility.

2011 2012 To Aug

2013

Syngas Cooler 99.9% 98.1% 100.0%

Gasifier 94.3% 99.4% 98.8%

Slurry Prep & Pumping 100.0% 99.9% 99.9%

Particulate Removal 99.8% 100.0% 96.2%

Slag Handling 98.7% 100.0% 99.9%

HG Path 99.2% 100.0% 100.0%

Single Train TBL Reliability

92.1% 97.4% 94.9%

SRU 98.2% 99.7% 100.0%

LTHR 97.5% 99.8% 99.3%

AGR 99.8% 100.0% 100.0%

ASU 99.8% 83.0% 96.5%

Single Train Reliability considering Forced Outages

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POSCO SNG Project at Gwangyang

500,000 mtpy SNG 2+1 trains sub-bituminous coal

Site Photo

Sept. 30, 2013

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Reliance Industries Jamnagar

Polygen for power, hydrogen, SNG and chemicals

10 + 0 gasification trains

Petcoke

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Now in construction.

E-Gas Proprietary and Restricted Equipment orders placed, long lead deliveries in mid-2014

Reliance Industries Jamnagar

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Strong Economic Drivers for Coke Gasification

Basis: 320 kbd refinery expansion, 25% taxes, 15 year depreciation

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Potential Global Growth in Petcoke Gasification

* Includes projects in construction

** Includes projects in planning

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First E-Gas Award at CB&I

One of four CB&I technologies licensed to this project

Hydrogen and Chemicals Production

2+1 Gasification trains

Bituminous coal / petcoke

CNOOC Huizhou Refinery

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For more information on the E-Gas technology, contact us at the following addresses, write us at E-GasTechnologyInfoRequests@CBI.com or visit www.cbi.com/technologies/gasification-technology

CB&I - Lummus Refining & Gasification Two Riverway Plaza, Suite 1300 Houston, Texas 77056 - Phil Amick Phil.Amick@cbi.com

CB&I – Lummus Technology Gurgaon Infinity Tower Gurgaon, India - Anil Sarin, ASarin@cbi.com

CB&I Oostduinlaan 75 2596JJ The Hague, Netherlands - Maurice Korpelshoek, MKorpelshoek@cbi.com

CB&I has offices, fabrication facilities, and projects throughout the world

Further Information

CB&I – Lummus Technology Level 3, Building 4, Universal Plaza 10 Jiuxianquiao Lu, Chaoyang District Beijing 10016 - YingSu Zhang, YSZhang@cbi.com CB&I – Lummus Technology CBI (Thailand) Limited 142 Two Pacific Place Unit 1104, 11th Floor Sukhumvit Road Klongtoey, Bangkok 10110, Thailand - Ubolrat Wiwattanakul, UWiwattanakul@cbi.com

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