PASADENA, Calif., May 17, 2011 /PRNewswire/ -- Jacobs Engineering
Group Inc. (NYSE: JEC) announced today that it has been selected by
both BP and Davy Process Technology Ltd (Davy, a subsidiary of
Johnson Matthey Plc), to help seek deployment opportunities for the
proven BP / Davy Fischer Tropsch process, on a non-exclusive basis.
Under the agreement, Jacobs is providing engineering resources to
potential licensees.
The BP / Davy Fischer Tropsch process transforms syngas into
liquid hydrocarbons, and is a low technology risk process for
producing diesel, jet fuel (JP8) and naphtha from natural gas,
bio-mass or coal derived syngas.
With increasing global demand for liquid fuels, the economic
attractiveness of converting stranded natural gas or coal reserves
into liquid fuels is growing. BP and Davy have successfully
demonstrated the fixed bed technology at a semi commercial scale in
Nikiski, Alaska, with full scale
fixed bed reaction tubes where the nominal 300bpd complex met or
exceeded all of its performance targets. This process is now
available for license to third parties, and BP's and Davy's
continuing development is focused on retrofit enhancements.
In making the announcement, Jacobs Group Vice President,
Allyn Taylor, stated, "We are
delighted to have been appointed to provide potential licensees
with our front end engineering experience and the benefits that our
first class engineering resources will bring."
Jacobs is one of the world's largest and most diverse providers
of technical, professional, and construction services.
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 2010 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.
(Logo:
http://photos.prnewswire.com/prnh/20090109/JACOBSEGLOGO)
For additional information
contact:
|
|
|
Michelle Jones
|
|
|
626.578.6968
|
|
|
|
SOURCE Jacobs Engineering Group Inc.