DALLAS--Jacobs Engineering Group Inc. (NYSE:JEC) has received a contract from MEGlobal, a wholly-owned subsidiary of EQUATE Petrochemical Company and a world leader in the manufacture and supply of merchant monoethylene glycol and diethylene glycol, to provide engineering, procurement and construction management services for a new monoethylene glycol (MEG) manufacturing facility near Freeport, Texas.
“Jacobs’ chemical industry expertise and proven track record were key factors in the selection process. The completion of this complex project will help MEGlobal establish a U.S. Gulf Coast presence and expand its position in the MEG market,” said President, MEGlobal International FZE of MEGlobal Ramesh Ramachandran.
This award follows Jacobs’ successful delivery of the facility’s front end engineering package, which incorporates The Dow Chemical Company’s licensed process technology as well as non-process equipment and piping both inside and outside the new facility’s battery limits.
“Our global MEG and local chemical project experience combined with our thorough understanding of the engineering package will contribute significant value and an efficient, high-quality approach to this important project,” said Jacobs Senior Vice President Petroleum and Chemicals Manuel Junco.
MEGlobal is a world leader in the manufacture and marketing of merchant monoethylene glycol and diethylene glycol (EG). Established in July 2004, the company is a joint venture between The Dow Chemical Company and Petrochemical Industries Company of Kuwait and is headquartered in Dubai, United Arab Emirates. With approximately 200 employees worldwide, MEGlobal serves customers around the world, and has production facilities in Fort Saskatchewan and Prentiss, Alberta, Canada. For more information, visit www.MEGlobal.biz.
Established in 1995 as Kuwait’s first international joint-venture in this industry, EQUATE Petrochemical Company embodies its “Partners in Success” slogan through the partnership between Petrochemical Industries Company, The Dow Chemical Company, Boubyan Petrochemical Company and Qurain Petrochemical Industries Company. Commencing production in 1997, EQUATE is currently the owner and single-operator of several fully integrated world-class units in Kuwait, North America and Europe that annually produce over six million tons of the highest quality petrochemicals. For more information, visit www.EQUATE.com
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.