DALLAS, Feb. 28, 2019 /PRNewswire/ -- Jacobs
(NYSE:JEC) has received a contract from Rabigh Refining &
Petrochemical Company (Petro Rabigh) to provide FEED and Project
Management Consultancy (PMC) services on the company's fuel oil
upgrade project – Bottom of the Barrel. Located in Rabigh,
Saudi Arabia, Bottom of the Barrel
is an upgrade project which converts oil residue streams from the
crude distillation process into more profitable products.
In today's market, there is increased demand for transportation
fuels, primarily diesel and low-sulfur bunker fuel oil, as well as
decreased demand for residual fuel oil. This shift, combined with
the lowering sulfur limits worldwide, makes maximizing conversion
critical. Jacobs is projected to employ 150 full time employees
while delivering pre-front end engineering design, FEED and project
management over a two-year period.
"Through this oil upgrade project, we are supporting Petro
Rabigh with a unique opportunity in the market to meet growing
demands for transportation fuels," said Jacobs Energy, Chemical and
Resources Senior Vice President and General Manager EMEA David
Zelinski. "The implementation will yield value-added products for
use across Saudi Arabia, as well
as export to global markets."
Petro Rabigh, a refining and petrochemicals plant on the west
coast of Saudi Arabia, is a joint
venture between Saudi Aramco and Sumitomo Chemical. The company
produces refined products and petrochemicals that are used in end
products such as plastics, detergents, lubricants, resins,
coolants, anti-freeze, paint, carpets, rope, clothing, shampoo,
auto interiors, epoxy glue, insulation, film, fibers, household
appliances, packaging, candles, pipes and many other
applications.
Jacobs leads the global professional services sector delivering
solutions for a more connected, sustainable world. With
$15 billion in fiscal 2018 revenue
and a talent force of more than 80,000, 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, and connect with Jacobs on
LinkedIn, Twitter, Facebook and Instagram.
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 fiscal year ended
September 28, 2018, 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.
For press/media inquiries:
Kerrie Sparks
214.583.8433
Brian Morandi
720.286.0719
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SOURCE Jacobs