Bechtel’s ThruPlus® Coking Technology Selected for Croatian Refinery

HOUSTON, Texas - February 28, 2014

Company Partners with INA Industrija Nafte, d.d. for New Delayed Coking Unit

Bechtel has signed a license agreement with INA Industrija Nafte, d.d. for the process design of a delayed coking unit complex at the Rijeka refinery in Urinj, Croatia. The new complex will use Bechtel’s ThruPlus® coking technology, a proprietary process for upgrading heavy oil into high-value, light hydrocarbon liquids.

"Previous investments in the Rijeka refinery enabled the production of products in line with the highest European quality standards and they significantly improved environmental standards in the refinery," said Zoltán Áldott, president of the Management Board of INA. "The decision on further investment is expected during 2014. The study prepared as a result of the contract signed today will be crucial to that end," he said.

"We are pleased to have INA choose our ThruPlus coking technology. The ThruPlus technology combined with our delayed coking expertise will increase the efficiency of the Rijeka refinery and reduce the production of heavy fuel oil," said Dan Olsen, president of Bechtel Hydrocarbon Technology Solutions, Inc. "We will draw on our extensive design and construction experience in the oil and gas sector in working with INA to support their goal of expanding the refinery’s capabilities."

Bechtel Hydrocarbon Technology Solutions is a Bechtel subsidiary that provides technology licensing and process consulting services to the oil and gas industry. Bechtel Hydrocarbon Technology Solutions acquired ThruPlus technology from ConocoPhilips in 2011. A global leader in the oil and gas industry, Bechtel has more than 50 years of delayed coking experience and has been involved in delayed coking projects in Canada, India, Russia, and the United States.

About Bechtel

Bechtel is one of the most respected global engineering, construction, and project management companies. Together with our customers, we deliver landmark projects that foster long-term progress and economic growth. Since 1898, we’ve completed more than 25,000 extraordinary projects across 160 countries on all seven continents. We operate through four global businesses: Infrastructure; Nuclear, Security & Environmental; Oil, Gas & Chemicals; and Mining & Metals. Our company and our culture are built on more than a century of leadership and a relentless adherence to our values, the core of which are safety, quality, ethics, and integrity. These values are what we believe, what we expect, what we deliver, and what we live.