DALLAS--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) has received a contract to
complete a feasibility study for a propane dehydrogenation (PDH) plant
located at the existing Borealis
production site in Kallo, Belgium.
As part of the study, Jacobs is preparing a front-end-loading stage 2
(FEL-2) conceptual design package for the outside battery limit areas of
the plant and is complementing the process design package for the inside
battery limit areas of the plant being prepared by Borealis’ technology
provider. The study is slated for completion by mid-2017.
When complete, the new PDH will have a targeted annual production
capacity of 740 kilotons per annum, making it one of the largest and
most efficient facilities in the world.
“Securing this contract is the result of our long-standing relationship
with Borealis and our previous experience working at the Kallo site,”
said Jacobs Senior Vice President Chemicals Mark Bello. “A new plant of
this scale represents a significant investment by Borealis in Europe. I
am very proud that we have been selected for this study, and we look
forward to continuing to work closely with Borealis to help develop this
world-scale petrochemical plant.”
“We chose Jacobs as a competent and trusted partner,” said Borealis
Senior Vice President for Projects and Technical Support, Thomas Abel.
“Jacobs has carried out several studies and projects for Borealis in the
past, and on the basis of this good cooperation, we wanted Jacobs to
complete the feasibility study as well."
Borealis
is a leading provider of innovative solutions in the fields of
polyolefins, base chemicals and fertilizers. With headquarters in
Vienna, Austria, the company currently has around 6,500 employees and
operates in over 120 countries.
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 54,000 people and operates in more than 25 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161130005108/en/
Source: Jacobs Engineering Group Inc.