Matrix Service Awarded Construction of First-Ever Ionic Alkylation Unit in the U.S. at Chevron’s Salt Lake City Refinery
December 10 2018 - 4:15PM
Matrix Service Company (Nasdaq: MTRX)
announced today that Chevron has awarded its subsidiary, Matrix
Service Inc., construction of the first-ever alkylation unit in the
U.S. designed to use ionic liquids, at Chevron’s Salt Lake City
refinery.
The unit, which will replace an existing HF
alkylation unit, will rely on the ISOALKYTM Technology developed by
Chevron USA Inc. and licensed by Honeywell UOP, to produce
high-octane, cleaner burning fuels.
“We are very pleased to have been selected for this
historic project and to support Chevron as they implement this
environmentally beneficial technology at their Salt Lake refinery,”
said Matrix Service Company President and Chief Executive Officer,
John R. Hewitt. “Our teams have provided service and expertise
inside Chevron’s refineries for nearly 30 years, and we appreciate
the ongoing trust and confidence placed in us to complete this
important project safely, on time and on budget.”
With construction scheduled to begin in January
2019, the unit is expected to become fully operational in 2020.
About Matrix Service Company
Founded in 1984, Matrix Service
Company is parent to a family of companies that include
Matrix Service Inc., Matrix NAC, Matrix PDM Engineering and Matrix
Applied Technologies. Our subsidiaries design, build and maintain
infrastructure critical to North America’s energy and industrial
markets. Matrix Service Company is headquartered in Tulsa, Oklahoma
with subsidiary offices located throughout the United States and
Canada, as well as Sydney, Australia and Seoul, South Korea.
The Company reports its financial results based on
four key operating segments: Electrical Infrastructure, Storage
Solutions, Oil Gas & Chemical and Industrial. To learn more
about Matrix Service Company, visit matrixservicecompany.com
For more information, please
contact:
Kevin S. CavanahVice President and
CFO+1-918-838-8822Email: ir@matrixservicecompany.com
Kellie Smythe Senior Director, Investor Relations
T: 918-359-8267
Email: ksmythe@matrixservicecompany.com
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that are made in reliance upon the safe harbor provisions of the
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are generally accompanied by words such as “anticipate,”
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convey future meaning, concerning the Company’s operations,
economic performance and management’s best judgment as to what may
occur in the future. Future events involve risks and uncertainties
that may cause actual results to differ materially from those we
currently anticipate. The actual results for the current and future
periods and other corporate developments will depend upon a number
of economic, competitive and other influences, including those
factors discussed in the “Risk Factors” and “Forward Looking
Statements” sections and elsewhere in the Company’s reports and
filings made from time to time with the Securities and Exchange
Commission. Many of these risks and uncertainties are beyond the
control of the Company, and any one of which, or a combination of
which, could materially and adversely affect the results of the
Company's operations and its financial condition. We undertake no
obligation to update information contained in this release.
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