/ Lifecycle / Jacobs Wins Contract from ExxonMobil for Polyethylene Expansion

Jacobs Wins Contract from ExxonMobil for Polyethylene Expansion

Parul Dubey on November 18, 2016 - in Lifecycle

DALLAS – Jacobs Engineering Group Inc. (NYSE:JEC) announced today it received a contract from ExxonMobil Chemical Company to provide engineering, design and construction management services as part of a new 650 kTa polyethylene facility to be located at ExxonMobil’s Beaumont polyethylene plant.

Under the terms of the contract, Jacobs is delivering front end engineering, detailed design and construction management to support enabling works and installation of offsite facilities, including rail, and interconnecting piping required for the new polyethylene train. The completed facility will produce pelletized polyethylene to be used in the manufacture of plastic products.

In making the announcement, Jacobs Senior Vice President Petroleum and Chemicals Manuel Junco stated, “Our proactive project execution plan will support the high degree of integration and versatility of ExxonMobil’s existing plant, all while delivering a design that enables safe, efficient construction. The experience and lessons learned we’ve gained while executing similar, recent 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 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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