Jacobs Receives Contract from ExxonMobil Chemical Company
August 12 2014 - 7:45AM
Business Wire
Support for Major Expansion and Integration
Project on Gulf Coast
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it
was awarded a contract from ExxonMobil Chemical Company to provide
engineering, procurement and construction services as part of a
multi-billion dollar ethane cracker project in ExxonMobil’s
Baytown, Texas complex and associated premium product facilities in
Mont Belvieu, Texas.
Company officials did not disclose the contract value.
Under the terms of the contract, Jacobs is providing site
enabling works and interconnections services for the two sites.
Jacobs’ scope of work includes site preparation of 350 acres for
the ethane cracker in Baytown and 100 acres for the product
facilities in Mont Belvieu.
Jacobs is also working on the interconnectivity of the two sites
by integrating into ExxonMobil’s existing facilities a new 1.5
million ton per year ethane steam cracker in Baytown and two new
high performance polyethylene lines in Mont Belvieu, with a
capacity of 650,000 tons per year. This aspect of the project
requires approximately 63,000 feet of pipe to integrate into the
existing Baytown facility and 43,000 feet of pipe to integrate into
the existing Mont Belvieu facility.
In making the announcement, Jacobs Group Vice President Mike
Autrey stated, “Our interface management and integration role is
crucial to the success of this expansion project. We are excited to
bring our execution skills and experience to support ExxonMobil in
this important venture.”
Jacobs is one of the world's largest and most diverse providers
of technical professional and construction services. With its
historic strength in the chemicals industry and hundreds of major
complex construction projects currently underway around the world,
Jacobs’ integrated approach to engineering, construction and
continued maintenance offers excellent value, quality, and
innovation to its clients on the Gulf Coast and in all the
geographies in which the company operates.
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 2013 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.
Jacobs Engineering Group Inc.Michelle Jones, 626.578.6968
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