Expects to Boost Polyetheramine Capacity
PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today that it has been
awarded an engineering, procurement and construction management (EPCM)
contract for an expansion program at Huntsman Corporation’s world scale
polyetheramine facility in Singapore.
Company officials did not disclose the contract value.
The Jurong Island facility expansion is expected to enable backward
integration to produce polyethers from locally sourced feedstocks.
Huntsman expects demand for polyetheramines to grow significantly over
the next decade, particularly in the Asia Pacific market.
Polyetheramines are used as ingredients to improve the properties of
many products, including paint, adhesives and composites.
Jacobs is responsible for the detailed engineering and design,
procurement of major equipment and management of construction services.
Construction is expected to begin by mid-2015 and be completed in the
second half of 2016.
Upon making the announcement, Jacobs Group Vice President Kevin McMahon
said, “Jacobs has a history of delivering successful projects for
Huntsman in Singapore, and we are delighted to continue working with
them on this project. We look forward to leveraging our globally
recognized EPCM experience to oversee this important expansion.”
Jacobs
is one of the world’s largest and most diverse providers of technical
professional and construction services.
Statements made in this release that are not based on historical fact
are forward-looking statements. We base these forward-looking statements
on management’s current estimates and expectations as well as currently
available competitive, financial and economic data. Forward-looking
statements, however, are inherently uncertain. There are a variety of
factors that could cause business results to differ materially from our
forward-looking statements. For a description of some of the factors
which may occur that could cause actual results to differ from our
forward-looking statements please refer to our 2014 Form 10-K, and in
particular the discussions contained under Items 1 - Business, 1A - Risk
Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and
Analysis of Financial Condition and Results of Operations. We do not
undertake to update any forward-looking statements made herein.
Source: Jacobs Engineering Group Inc.