CB&I signs definitive agreement with H2Gen Innovations to acquire PSA technology

CB&I (NYSE:CBI) announced today that it has entered into a definitive agreement with H2Gen Innovations, Inc., to acquire the Mars modularized Pressure Swing Adsorption (PSA) technology.

H2Gen's PSA technology is used to recapture hydrogen and noble gases from waste streams in a variety of industries including oil & gas, petrochemicals and metals. Small footprint PSA process modules provide gas separation and purification with high reliability at a low cost. Commercialized H2Gen PSA projects are successfully operating in North America and the Middle East.

“H2Gen's high-performance PSA technology provides an important component in hydrogen management that complements our existing portfolio of refining, gas processing and petrochemical technologies," said Dan McCarthy, President of CB&I's Lummus Technology sector. “It offers significant advantages over competing PSA technologies including improved gas purity, faster cycle times, better equipment reliability and broad scalability.”