Jacobs Awarded Contract for Huntsman’s Jurong Island Expansion
May 05 2015 - 7:45AM
Business Wire
Expects to Boost Polyetheramine Capacity
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it
has been awarded an engineering, procurement and construction
management (EPCM) contract for an expansion program at Huntsman
Corporation’s world scale polyetheramine facility in Singapore.
Company officials did not disclose the contract value.
The Jurong Island facility expansion is expected to enable
backward integration to produce polyethers from locally sourced
feedstocks.
Huntsman expects demand for polyetheramines to grow
significantly over the next decade, particularly in the Asia
Pacific market. Polyetheramines are used as ingredients to improve
the properties of many products, including paint, adhesives and
composites.
Jacobs is responsible for the detailed engineering and design,
procurement of major equipment and management of construction
services. Construction is expected to begin by mid-2015 and be
completed in the second half of 2016.
Upon making the announcement, Jacobs Group Vice President Kevin
McMahon said, “Jacobs has a history of delivering successful
projects for Huntsman in Singapore, and we are delighted to
continue working with them on this project. We look forward to
leveraging our globally recognized EPCM experience to oversee this
important expansion.”
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 2014 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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