What CB&I does

CB&I (Chicago Bridge & Iron Company), founded in 1884 and headquartered in The Woodlands, Texas, is a 135+ year-old energy infrastructure solutions provider operating through two global business units: Storage Solutions and Asset Solutions. Storage Solutions is the world leader in the design and construction of storage facilities, tanks, and terminals, delivering atmospheric storage, high-pressure Hortonsphere vessels, low-temperature and cryogenic tanks (over 1,000 constructed globally), specialty plate structures, water storage systems (over 25,000 elevated water tanks built), and energy transition storage solutions for hydrogen, ammonia, and CO2. The company holds over 100 patents and proprietary technologies including its in-house welding lab, scaffold-less tank erection, HFIP/AFIP insulation systems, and Vertical Plate Technology. CB&I is the only contractor that has built 75% of US nuclear containment vessels and supplied 41 reactor pressure vessels, supporting nuclear work under ASME Section III Division 1.

CB&I's revenue model combines lump sum turnkey EPC contracts (with significant contracts defined as US$250-500 million) for new build Storage Solutions projects, alongside reimbursable managed services contracts through Asset Solutions for asset operations, maintenance, integrity management, wells, and decommissioning following the April 2026 acquisition of Petrofac Asset Solutions. The company serves enterprise customers globally including bp, Chevron, Southern Company/Vogtle, NASA, Tullow Oil, Williams, Hurricane Energy, and Caturus, across oil & gas (upstream/midstream/downstream), LNG, nuclear, water/wastewater, chemical, agriculture/mining, stored energy, and energy transition markets in 100+ countries. Execution is supported by a self-perform delivery model and global fabrication facilities, most notably a 203,000+ square meter facility in Kasemphol, Thailand near Sattahip Deep Sea Port. Since December 2024, CB&I has been privately held by a consortium led by Mason Capital Management LLC, operating debt-free with a US$400 million senior secured credit facility (upsized March 2026) and approximately 3,000 employees post-Petrofac Asset Solutions integration.

Name

CB&I

Legal name

Tanks Acquisition Holding LLC

Website

https://cbi.com

Company type

Private

Founded year

1884

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

CB&I is a 135+ year-old global energy infrastructure provider operating Storage Solutions (world leader in tank and terminal EPC) and Asset Solutions (operations, maintenance, wells, and decommissioning services) for enterprise customers across oil & gas, LNG, nuclear, water, and energy transition markets in 100+ countries.

Ownership category

akta.pro rank

Product category

Energy Infrastructure Construction & Asset Management Services

akta.pro primary industry

Balance-of-Plant (BOP) & Civil Works for Power Plants (EUAEAAAL)

akta.pro secondary industries

Nuclear Plant EPC & Construction (EUAEAAAC), Balance-of-Plant (BOP) EPC (Turbine Island, Conventional Systems, Buildings) (EUAKAAAF), Process Plant & Materials Handling EPC (Crushing, Conveying, Stockpiles, Loadout) (IMAKAOAE)

Keywords

• Energy infrastructure solutions
• Cryogenic storage tanks
• LNG terminal construction
• Asset operations maintenance
• Decommissioning services

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices14 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Turnkey EPC Contracts: CB&I delivers projects on a lump sum turnkey basis, providing end-to-end engineering, procurement, and construction services from concept through commissioning. This represents the primary revenue stream for Storage Solutions, enabling schedule and cost certainty for customers.
2. Asset Operations & Maintenance Services: Following the Petrofac Asset Solutions acquisition, CB&I provides outsourced duty holder services, operations and maintenance, integrity management, and emergency response for onshore and offshore energy assets globally. This includes 24/7 technical hubs and support services.
3. Feasibility Studies and FEED: Early-stage engineering services including feasibility studies, pre-FEED, and Front-End Engineering Design that help customers optimize project paths from concept to completion.
4. Inspections & Repairs: Performance assessments, modifications, repairs, and upgrades for existing storage facilities to extend operational life and ensure code compliance.
5. Wells and Subsurface Services: Well engineering, integrity management, well operations management, and decommissioning services including appointment as Well Operator in the UK and internationally.
6. Late Life Asset Management & Decommissioning: Comprehensive decommissioning services for offshore platforms, wells, subsea infrastructure, and onshore facilities. CB&I is the only contractor globally delivering decommissioning under a fully managed model.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

CB&I designs, engineers, fabricates and constructs storage tanks, terminals and process facilities (atmospheric, high pressure Hortonsphere, low temperature/cryogenic LNG, water, nuclear containment vessels and specialty plate structures) under lump sum turnkey EPC contracts. Through its Asset Solutions unit the company also delivers outsourced operations, maintenance, integrity management, wells and late-life decommissioning services for onshore and offshore energy assets globally, combining self-perform construction with proprietary welding, construction and insulation technologies.

Product overview

CB&I delivers integrated storage and asset management solutions through two global business units. Storage Solutions (based in The Woodlands, Texas) is the world leader in designing and building storage facilities, tanks, and terminals, offering products including Atmospheric Storage, High Pressure Storage (Hortonsphere), Low Temperature & Cryogenic Storage, Specialty Plate Structures, Storage Terminals & Process Facilities, Water Storage (Waterspheroid, Hydropillar, Composite Elevated Tanks), and Energy Transition solutions. Services span Feasibility Studies, FEED, Turnkey EPC, and Inspections & Repairs. Asset Solutions (based in Aberdeen, Scotland, acquired from Petrofac in April 2026) provides operations, maintenance, wells, and decommissioning services including Asset Operations & Maintenance, Wells & Subsurface, Late Life Asset Management & Decommissioning, Projects & Brownfield Modifications, and Engineering & Consulting. The company utilizes proprietary technologies in welding, construction, and insulation, supported by fabrication facilities in Thailand, Iowa, and Houston.

Differentiator

Problem solved

Functional benefit

Brands

• Watersphere: Elevated water storage tank design pioneered in 1939 with single-pedestal design
• Waterspheroid
• Hydropillar
• Hortonsphere
• Strata-Therm
• SoCool
• ClariCone

Products and services

• CB&I Storage Solutions World-leading designer and builder of storage facilities, tanks, and terminals for oil, gas, chemical, water, nuclear and specialty structures markets, offering comprehensive EPC services from FEED through commissioning with a self-perform execution model.
• CB&I Asset Solutions Leading provider of operations, management, wells and decommissioning services for onshore and offshore energy assets, including asset operations and maintenance, wells and subsurface, late-life asset management, and decommissioning services acquired from Petrofac in April 2026.
• CB&I Atmospheric Storage Standard and custom-designed atmospheric storage tanks for storing liquid products under ambient conditions, including fixed-roof tanks, external and internal floating-roof tanks, elevated cone bottom tanks, bins, and silos, designed to API 650.
• CB&I High Pressure Storage (Hortonsphere) Economical and reliable pressurized storage vessels (Hortonspheres) for storing large volumes of liquids and gases including propane, butane, LNG and LPG under a wide range of pressure and temperature conditions, designed to ASME Section VIII Divisions 1 & 2.
• CB&I Low Temperature & Cryogenic Storage Industry-leading insulated field-erected tanks, vessels and spheres for storage of refrigerated gas liquids including LNG, propane, butane and other cryogenic products with capacities from less than 1,000 to over 200,000 cubic meters, designed per API 625 and EN 14620.
• CB&I Specialty Plate Structures Custom plate and shell structures combining CB&I expertise in low temperature/cryogenic systems, nuclear design and high-pressure vessel design, including aerospace testing facilities, nuclear containment vessels, wind tunnels and wastewater process vessels.
• CB&I Storage Terminals & Process Facilities Design and construction of terminals storing crude oil, refined products, liquefied gases, petrochemicals and specialty chemical products, including LNG import/export terminals, peak shaving facilities, LPG facilities and ammonia terminals.
• CB&I Water Storage Global leader in design and construction of ground-level and elevated water storage tanks including Waterspheroid, Hydropillar and Composite Elevated Tanks, plus reservoirs, standpipes and water treatment structures built to AWWA D100 and D107 standards.
• CB&I Energy Transition Sustainable storage solutions for energy transition including blue and green ammonia storage, green hydrogen production and storage, CO2 capture and storage facilities, and renewable natural gas generation systems.
• Feasibility Studies Early-stage project analysis service for storage facilities covering preliminary configuration, budgetary capital, operational requirements and project execution schedule for bulk terminals, LNG, hydrogen and water facilities.
• Front-End Engineering Design (FEED) Engineering design services providing accurate specifications, drawings and data sheets required to develop firm price estimates and schedules for facilities, leveraging CB&I's extensive EPC experience.
• Turnkey EPC Complete engineering, procurement, construction and startup services for storage facilities from concept to commissioning, utilizing a self-perform execution model with in-house resources delivered on lump sum turnkey basis.
• Inspections & Repairs Performance assessments, modifications, repairs and upgrades to extend operational life and ensure code compliance for existing storage tanks and facilities, including tank bottom replacements, shell repairs and floating roof work.
• Asset Operations & Maintenance Outsourced Duty Holder model for safe, reliable operation of energy assets including integrity management, maintenance planning, shutdown/turnaround delivery and 24/7 technical and delivery hub support, delivering up to 30% maintenance cost reduction.
• Wells & Subsurface Services Lifecycle wells expertise from subsurface evaluation and well design through construction, integrity management, intervention, workover, to decommissioning planning and execution management, including Well Operator appointment in the UK and internationally.
• Late Life Asset Management & Decommissioning Tailored operating models for late-life assets, decommissioning strategy, planning and execution including well plugging and abandonment, offshore platform decommissioning, and subsea infrastructure removal under a fully managed model.
• Projects & Brownfield Modifications Safety and integrity-critical upgrades, compliance-driven modifications, capacity increases, equipment upgrades, and emissions reduction initiatives for existing energy assets.
• Engineering & Consulting Early project stage guidance including feasibility, pre-FEED and FEED studies through detailed engineering, supporting energy transition projects, CCS, hydrogen and waste-to-fuel studies.

Quantifiable outcome

• Up to 30% reduction in maintenance costs through asset management solutions
• +6 more outcomes

Named customers9 records

Segments9 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Scale indicators20 records

Recent moves8 records

Expansion highlights7 records

Broad incumbents

• Bechtel Corporation: Privately held mega-EPC with major LNG, nuclear, and energy transition credentials. Bechtel competes with CB&I for large-scale LNG export terminal and nuclear new-build work, and brings broader infrastructure and government services that go beyond CB&I's storage focus.
• Chart Industries: Manufacturer of cryogenic equipment, LNG heat exchangers, and specialty process equipment used in LNG, hydrogen, and industrial gas applications. Chart is a partial competitor/supplier to CB&I in the LNG and cryogenic storage value chain, with overlapping technology and customer relationships.
• Fluor Corporation: Large diversified EPC firm with significant energy, LNG, and nuclear capabilities. Fluor competes with CB&I on large energy infrastructure projects and brings broader portfolio (mining, government, infrastructure) that overlaps with but extends beyond CB&I's storage-focused scope.

Direct peers

• Petrofac Limited: UK-headquartered energy services and EPC firm whose Asset Solutions business CB&I acquired in April 2026. Petrofac's remaining business (engineering, operations, training) directly overlaps with the unit CB&I now owns and with CB&I's energy services positioning.
• KBR, Inc. KBR delivers engineering, procurement, construction, and technology solutions across LNG, refining, petrochemicals, and government services — directly competing with CB&I for energy EPC work and offering comparable lifecycle asset support.
• Worley Limited: Global energy, chemicals, and resources project delivery and consulting firm. Worley's energy project delivery (especially LNG, offshore, and energy transition) overlaps directly with CB&I's EPC scope, and its consulting and asset management services are similar to the Petrofac Asset Solutions business CB&I acquired.
• Technip Energies: Global LNG and energy transition EPC contractor that awarded CB&I the Commonwealth LNG tank contract. Technip Energies competes for full-scope LNG export terminal work where CB&I supplies the storage tank portion — making them a frequent customer/partner as well as a competitor for adjacent scope.
• Saipem: Italian-headquartered EPC contractor specializing in offshore drilling, subsea, and onshore LNG/EPC. Saipem directly competes for LNG and offshore energy project work where CB&I's storage and asset services overlap, particularly in Europe and the Middle East.
• McDermott International: McDermott was CB&I's former parent (merged 2018) before divesting CB&I to Mason Capital in 2024. McDermott is a global EPC specialist in offshore oil & gas, subsea, and energy infrastructure, directly competing for LNG and offshore project work that CB&I's Asset Solutions unit now services.

Emerging players

• Matrix Service Company: Specialty contractor focused on storage tanks, terminals, and industrial cleaning for energy and utility customers. Matrix is a smaller-scale competitor in the atmospheric and cryogenic storage market where CB&I holds leadership, with particular overlap in North American refining and midstream customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/cbiworld
• Facebookfacebook.com/cbiwelcome

Compliance19 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CB&I