/ Construction / Jacobs Wins Contract from INEOS for LAO Unit in Texas

Jacobs Wins Contract from INEOS for LAO Unit in Texas

Parul Dubey on September 13, 2016 - in Construction, Lifecycle

PASADENA, Calif. – Jacobs Engineering Group Inc. (NYSE:JEC) announced today it received a contract from INEOS Oligomers to design and build a large linear alpha olefin (LAO) unit at the INEOS petrochemical complex in Chocolate Bayou, Texas. The LAO unit is expected to come online in November 2018, with a production capacity of 420,000 metric tons per annum.

Jacobs is providing engineering, procurement and construction services for the new unit, which is based on proprietary and differentiated INEOS Oligomers technology.

In making the announcement, Jacobs Senior Vice President Petroleum and Chemicals Manuel Junco stated, “With a streamlined project execution approach, our team is committed to delivering a safe, innovative facility that allows INEOS to meet increasing demand for LAO in the Gulf Coast region and beyond.”

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 50,000 people and operates in more than 30 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 2015 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.

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