DALLAS--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) has been selected by Lubrizol to
provide engineering, procurement and construction (EPC) services for
Lubrizol’s new Polyisobutylene (PIB) unit in Deer Park, Texas.
Executives from both companies, including Eric Schnur, Lubrizol
Chairman, President and CEO, and Steve Demetriou, Jacobs Chairman and
CEO, as well as dignitaries from the city, county and school board
attended the ground breaking ceremony in March.
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Executives and government officials at the March 22, 2017, ground breaking event for Lubrizol’s Deer Park, Texas, Facility. From left to right: R.B. Herrscher, Senior Vice President of Petrochemicals for Enterprise Products Partners; Mike Vaughn, Lubrizol Corporate Vice President, Operations; Jaeyul Kim, President and CEO of Daelim Industrial Petrochemical division; Eric Schnur, Lubrizol Chairman, President and CEO; Steve Demetriou, Jacobs Chairman and CEO; Jerry Mouton, Mayor of Deer Park; Dan Sheets, Senior Vice President and President of Lubrizol Additives; Victor White, Superintendent of Deer Park Independent School District; and Tanya Travis, General Manager of Lubrizol Texas plants. (Photo: Business Wire)
The project is part of Lubrizol’s plan to upgrade and enhance the
company’s global capabilities. The new unit is expected to be fully
operational in the first half of 2019.
“Jacobs is honored to partner and support Lubrizol’s goal of renewing
its infrastructure,” said Jacobs Petroleum and Chemicals President Gary
Mandel. “Jacobs will leverage its global chemical industry knowledge to
engineer, procure and construct Lubrizol’s Deer Park plant. This project
enables us to further demonstrate our proven EPC project delivery skills
and expand our strong position in the Gulf Coast.”
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 over 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 Form 10-K for the year
ended September 30, 2016, 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.