Jacobs Awarded Contract from NatureWorks
PASADENA, Calif. -- September 24, 2013
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it has been
selected to provide engineering services for NatureWorks’ new Ingeo™
production plant in Southeast Asia. Ingeo is a biopolymer made from locally
abundant renewable plant materials.
Officials did not disclose the contract value, but noted that Jacobs expects
to execute the multi-year project primarily from its Greenville, S.C. office.
Under the terms of the contract, Jacobs is providing front-end engineering
design work, including major equipment design.
Earlier this year, NatureWorks expanded its flagship Blair, Neb. facility to
increase Ingeo capacity to 150,000 metric tons annually. Thailand is currently
NatureWorks’ preferred plant location for its second facility.
In making the announcement, Jacobs Group Vice President Chris Nagel stated,
“We’re delighted to continue our partnership with NatureWorks as they expand
support to their clients in the Asia Pacific region and increase their global
NatureWorks Director of Manufacturing and Engineering Steve Bray added,
“Jacobs has extensive experience in polymer and chemical plant design and
construction. This contract is the next stage of what we anticipate will be a
three-year project to include detailed engineering design, procurement,
construction, and plant start-up.”
NatureWorks is jointly owned by Thailand’s largest chemical producer, PTT
Global Chemical, and Cargill, an international producer and marketer of food,
agricultural, financial, and industrial products and services.
Jacobs is one of the world's largest and most diverse providers of technical,
professional, and construction services.
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 2012
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.
Jacobs Engineering Group Inc.
Michelle Jones, 626.578.6968
Press spacebar to pause and continue. Press esc to stop.