Jacobs Receives Contract from Viru Keemia Grupp
November 27 2012 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE: JEC) announced today it
received a contract from Viru Keemia Grupp AS (VKG) to provide a
license package and services for a sulfur recovery unit (SRU). The
SRU is part of VKG’s investment to upgrade its shale oil refinery
complex in Kothla-Jarve, Estonia.
Officials did not disclose the contract value, however noted the
services are being provided from Jacobs’ Leiden office in The
Netherlands.
Under the terms of the contract, Jacobs is licensing its
proprietary EUROCLAUS® technology to VKG; and is also providing the
basic design package, training, start up and commissioning
assistance services for the new SRU.
Jacobs Group Vice President Robert Matha stated, “As a global
leader in the design of SRUs, we are delighted to receive this
award, and look forward to supporting VKG on this significant shale
oil project.”
Jacobs has been delivering technology for sulfur recovery and
gas treating units for more then 25 years. Its proprietary
technology offers a number of highly valued performance features in
areas such as reliability, sulfur recovery levels, sulfur emissions
reduction and simple continuous operation.
VKG is the leading oil shale processor in Estonia. The
company’s activities span the entire oil shale chain, from mining
and processing to the marketing of the finest chemicals.
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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