MEGlobal cites Jacobs’ chemicals industry expertise and proven track
record
DALLAS--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) has received a contract from MEGlobal,
a wholly-owned subsidiary of EQUATE Petrochemical Company and a world
leader in the manufacture and supply of merchant monoethylene glycol and
diethylene glycol, to provide engineering, procurement and construction
management services for a new monoethylene glycol (MEG) manufacturing
facility near Freeport, Texas.
“Jacobs’ chemical industry expertise and proven track record were key
factors in the selection process. The completion of this complex project
will help MEGlobal establish a U.S. Gulf Coast presence and expand its
position in the MEG market,” said President, MEGlobal International FZE
of MEGlobal Ramesh Ramachandran.
This award follows Jacobs’ successful delivery of the facility’s front
end engineering package, which incorporates The Dow Chemical Company’s
licensed process technology as well as non-process equipment and piping
both inside and outside the new facility’s battery limits.
“Our global MEG and local chemical project experience combined with our
thorough understanding of the engineering package will contribute
significant value and an efficient, high-quality approach to this
important project,” said Jacobs Senior Vice President Petroleum and
Chemicals Manuel Junco.
About MEGlobal
MEGlobal is a world leader in the manufacture and marketing of merchant
monoethylene glycol and diethylene glycol (EG). Established in July
2004, the company is a joint venture between The Dow Chemical Company
and Petrochemical Industries Company of Kuwait and is headquartered in
Dubai, United Arab Emirates. With approximately 200 employees worldwide,
MEGlobal serves customers around the world, and has production
facilities in Fort Saskatchewan and Prentiss, Alberta, Canada. For more
information, visit www.MEGlobal.biz.
About EQUATE
Established in 1995 as Kuwait’s first international joint-venture in
this industry, EQUATE Petrochemical Company embodies its “Partners in
Success” slogan through the partnership between Petrochemical Industries
Company, The Dow Chemical Company, Boubyan Petrochemical Company and
Qurain Petrochemical Industries Company. Commencing production in 1997,
EQUATE is currently the owner and single-operator of several fully
integrated world-class units in Kuwait, North America and Europe that
annually produce over six million tons of the highest quality
petrochemicals. For more information, visit www.EQUATE.com
About Jacobs
Jacobs is one of the world’s largest and most diverse providers of
full-spectrum technical, professional and construction services for
industrial, commercial and government organizations globally. The
company employs 50,000 people and operates in more than 30 countries
around the world. For more information, visit www.jacobs.com.
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 2015 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.
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Source: Jacobs Engineering Group Inc.