PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today it received a
contract from INEOS Oligomers to design and build a large linear alpha
olefin (LAO) unit at the INEOS petrochemical complex in Chocolate Bayou,
Texas. The LAO unit is expected to come online in November 2018, with a
production capacity of 420,000 metric tons per annum.
Jacobs is providing engineering, procurement and construction services
for the new unit, which is based on proprietary and differentiated INEOS
Oligomers technology.
In making the announcement, Jacobs Senior Vice President Petroleum and
Chemicals Manuel Junco stated, “With a streamlined project execution
approach, our team is committed to delivering a safe, innovative
facility that allows INEOS to meet increasing demand for LAO in the Gulf
Coast region and beyond.”
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.