CB&I Recognized with Multiple 2024 STI/SPFA Safety and Tank of the Year Awards

Posted on March 11th, 2025 | Filed under Press Releases

THE WOODLANDS, Texas, March 11, 2025 /PRNewswire/ — The Steel Tank Institute/Steel Plate Fabricators Association (STI/SPFA) presented CB&I with five safety awards and three field-erected Tank of the Year awards during its recent annual meeting held in Hilton Head, SC. STI/SPFA is a non-profit trade association whose member companies fabricate steel tanks, pipe, and pressure vessels for use across various industries.

The association presents safety awards each year to acknowledge the highest achievements of member companies engaged in shop fabrication, inspection, maintenance, and field construction. Two of our business units were awarded Safety Awards of Excellence for achieving a safety record with zero OSHA Recordable Incidents in 2024. Three of our business units were awarded 2024 Safety Awards of Achievement for accomplishing a minimum 10% reduction in their rate of OSHA Recordable Incidents, as compared with their average rate for the prior three years.

CB&I was also awarded Tank of the Year in three of the eight field-erected categories for 2024:

ASME – Four 87′-9″ diameter (60,000 BBL) X 290 psi LPG spheres in the Dominican Republic
API 620 – 12-million-gallon double-wall, single-containment LNG tank in Ixonia, WI
Repair and Modification – Dismantling and re-erection of two 75′-5″ diameter spheres in Cuenca, Ecuador

“Congratulations to all our employees who made each of these safety and project recognitions possible,” said Mark Butts, President and CEO, CB&I. “We are proud of our legacy of commitment to safe operations during the fabrication and construction of our steel plate tanks and high-pressure spheres.”

About CB&I 
CB&I is the world’s leading designer and builder of storage facilities, tanks, and terminals. With more than 60,000 structures completed throughout its 135+ year history, CB&I has the global expertise and strategically located operations to provide its customers world-class storage solutions for even the most complex energy infrastructure projects. CB&I is owned by a consortium of financial investors led by Mason Capital Management LLC. To learn more, visit www.cbi.com.

Forward-Looking Statements

CB&I cautions that statements in this communication that are forward-looking, and provide other than historical information, involve risks, contingencies, and uncertainties. These forward-looking statements include, among other things, statements about the expected timing and execution of projects, and statements that describe our business strategy, outlook, objectives, plans, intentions, or goals. Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are based on various underlying assumptions and are subject to numerous risks, contingencies, and uncertainties, many of which are beyond our control, including, among others: adverse changes in the markets in which we operate or in credit or capital markets; our inability to successfully execute on contracts in backlog; changes in project design or schedules; the availability of qualified personnel; changes in the terms, scope, or timing of contracts, contract cancellations, change orders, and other modifications or actions by our customers and other business counterparties; changes in industry norms or codes or applicable laws; actions by lenders, other creditors, customers, and other business counterparties of CB&I; and adverse outcomes in legal or other dispute resolution proceedings. If one or more of these risks materializes, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. You should not place undue reliance on forward-looking statements. This communication reflects the views of CB&I’s management as of the date hereof. Except to the extent required by applicable law, CB&I undertakes no obligation to update or revise any forward-looking statement.

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