Oxea Corporation Awards Jacobs Construction Management Contract
March 21 2017 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) has been awarded a
construction management (CM) contract from Oxea Corporation for a
Propanol Expansion project at its manufacturing site at Bay City,
Texas. Propanol is used to manufacture products such as cosmetics
and pharmaceuticals, printing inks, coatings and adhesives.
Jacobs is delivering pre-construction planning and construction
management services to help deliver the new Propanol 2 unit that
will add a capacity of 100,000 metric ton per year of propanol and
40,000 metric ton per year of propionaldehyde. The unit is
scheduled to come on line in 2018. Once commissioned, it will
position Oxea for future growth and increased market demand. Oxea
is already the largest producer of propanol worldwide, and one of
the world’s leading suppliers of Oxo products such as alcohols,
aldehydes and acids.
“This project reflects our long-term selective growth strategy,”
said Oxea Executive Vice President Global Sales and
Oxo-Intermediates Purnendu Rai. “It helps us reinforce our strong
position as the largest producer of propanol worldwide. Propanol 2
will provide Oxea with opportunities for further expansion into
profitable growth areas.”
“We are delighted to work with Oxea on this strategically
important project,” said Jacobs Senior Vice President Downstream
Mark Bello. “Our experience and lessons learned while executing
similar U.S. Gulf Coast construction projects will contribute to
the success of this important expansion.”
Jacobs is one of the world’s largest and most diverse providers
of full-spectrum technical, professional and construction services
for industrial, commercial and government organizations globally.
The company employs over 54,000 people and operates in more than 25
countries around the world. For more information, visit
www.jacobs.com.
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 Form 10-K for the year ended September 30,
2016, 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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Jacobs Engineering Group Inc.Salim Rahimi, 214.583.8428
Jacobs Engineering (NYSE:JEC)
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