Borealis Selects Jacobs to Conduct Engineering Study for Chemical Plant in Belgium
January 03 2018 - 7:45AM
Business Wire
Proposed plant would be one of the largest in
the world with annual capacity of 740 kilotons
Jacobs Engineering Group Inc. (NYSE:JEC) has been awarded a
contract to complete a front end engineering design (FEED) study
for a propane dehydrogenation (PDH) plant located at the existing
Borealis production site in Kallo, Belgium. The contract award
follows the successful completion of the feasibility study for the
plant. When complete, the new PDH plant will have a targeted annual
production capacity of 740 kilotons, making it one of the largest
and most efficient facilities in the world.
As part of the FEED study, Jacobs is preparing the basic design
package for both the inside battery limit areas as well as the
outside battery limit areas of the new PDH plant. The FEED phase is
scheduled for completion by mid-2018.
“A new and innovative PDH plant of this scale would be a
significant investment in the chemical industry in Europe and a
response to market demand for polypropylene and propylene,” said
Jacobs Petroleum and Chemicals President Vinayak Pai. “We look
forward to continuing our relationships with Borealis through the
next development phase of this world-scale petrochemical
plant.”
“We have selected a trusted partner in Jacobs Engineering for
the FEED phase of this important project, which will allow us to
further strengthen our position as a leading and innovative
polypropylene and propylene supplier in Europe,” said Borealis Base
Chemicals Executive Vice President Markku Korvenranta.
Jacobs leads the global professional services sector, delivering
solutions for a more connected, sustainable world. With $15 billion
in combined revenue and a talent force more than 74,000 strong,
Jacobs provides a full spectrum of services including scientific,
technical, professional and construction- and program-management
for business, industrial, commercial, government and infrastructure
sectors. 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 29,
2017, 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.Kerrie Sparks, 214.583.8433
Jacobs Engineering (NYSE:JEC)
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