DALLAS--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) has been awarded a construction
management (CM) contract from Oxea Corporation for a Propanol Expansion
project at its manufacturing site at Bay City, Texas. Propanol is used
to manufacture products such as cosmetics and pharmaceuticals, printing
inks, coatings and adhesives.
Jacobs is delivering pre-construction planning and construction
management services to help deliver the new Propanol 2 unit that will
add a capacity of 100,000 metric ton per year of propanol and 40,000
metric ton per year of propionaldehyde. The unit is scheduled to come on
line in 2018. Once commissioned, it will position Oxea for future growth
and increased market demand. Oxea is already the largest producer of
propanol worldwide, and one of the world’s leading suppliers of Oxo
products such as alcohols, aldehydes and acids.
“This project reflects our long-term selective growth strategy,” said
Oxea Executive Vice President Global Sales and Oxo-Intermediates
Purnendu Rai. “It helps us reinforce our strong position as the largest
producer of propanol worldwide. Propanol 2 will provide Oxea with
opportunities for further expansion into profitable growth areas.”
“We are delighted to work with Oxea on this strategically important
project,” said Jacobs Senior Vice President Downstream Mark Bello. “Our
experience and lessons learned while executing similar U.S. Gulf Coast
construction projects will contribute to the success of this important
expansion.”
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.