DALLAS--(BUSINESS WIRE)--Jacobs Engineering Group Inc. (NYSE:JEC) has been awarded a contract to complete a feasibility study for the expansion of Borealis’ polypropylene plants in Belgium. The study was awarded under the terms of the existing framework agreement with Borealis.
The potential capacity increase of the polypropylene plants would take full advantage of the additional propylene supply from a planned propane dehydrogenation (PDH) installation at the existing Borealis production site in Kallo, Belgium. Jacobs was recently awarded a contract to complete a front end engineering design (FEED) study for this contemplated world-class PDH plant, which has a targeted annual production capacity of 740 kilotons.
“Through the new expansion feasibility study, we are supporting Borealis in the next phase of this major chemical project,” said Jacobs Petroleum and Chemicals President Vinayak Pai. “This reaffirms our long-standing relationship with Borealis as well as our expertise and capability to support the chemical industry in Europe.”
“We have selected Jacobs as a trusted partner for this important feasibility study which will assess a series of capacity increases through the debottlenecking of our existing PP assets in Belgium,” said Borealis Polyolefins Executive Vice President Alfred Stern. “This will enable us to further strengthen our position as a leading polypropylene provider in Europe.”
Jacobs leads the global professional services sector delivering solutions for a more connected, sustainable world. With $15 billion in fiscal 2017 revenue when combined with full-year CH2M revenues and a talent force of more than 74,000, 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 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.