PASADENA, Calif., July 24, 2012 /PRNewswire/ -- Jacobs
Engineering Group Inc. (NYSE:JEC) announced today it has been
selected to provide professional technical services for Braskem,
the largest thermoplastic resin producer in the Americas, at
portions of the Marcus Hook Refinery they recently acquired, near
Philadelphia, Pa.
Officials have not disclosed the contract value. Jacobs'
operations in Mt. Laurel, N.J. and
Conshohocken, Pa. are expected to
execute the work.
Braskem acquired propylene splitter assets at the 781-acre
refinery complex in late June. Jacobs' initial scope of work
includes retrofitting the new acquisitions so Braskem can more
efficiently process propylene for use in its adjacent polypropylene
plant.
In making the announcement, Jacobs Group Vice President
Bob Pragada stated, "We are excited
to work with Braskem on this project. Since this past December,
Pennsylvania officials have tried
to identify potential uses for the refinery. Braskem's
acquisition and capital investment is hopefully the first step in
re-purposing the complex as a multi-purpose energy processing
facility."
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 2011 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.
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For additional information contact:
Michelle Jones
626.578.6968
SOURCE Jacobs Engineering Group Inc.