Jacobs Engineering Group Inc. (NYSE:JEC)has been awarded a contract by Canada Kuwait Petrochemical Corporation (CKPC) to provide front-end engineering design (FEED) services for a proposed greenfield, integrated propane dehydrogenation and polypropylene facility located in Sturgeon County, Alberta, Canada. CKPC is a joint venture of Pembina Pipeline Corporation (Pembina) of Canada and Petrochemical Industries Company of Kuwait.
“Jacobs’ strength in front end project delivery, combined with our team’s proven performance in propane dehydrogenation and polypropylene technologies, supports CKPC in the development of this complex,” said Jacobs Global Head of Petroleum and Chemicals Vinayak Pai. “Beyond this project, we look forward to working with CKPC to help them add value to Western Canada's hydrocarbon production and to meaningfully increase local market demand for propane.”
“CKPC is looking forward to working with Jacobs for the FEED phase of this project,” said Director of CKPC Waleed Al-Bader. “Jacobs was selected after an extensive global search process, by demonstrating vast petrochemical experience, a well-qualified project team and an organizational-wide commitment to CKPC's success.”
In execution of the FEED, Jacobs will utilize resources from multiple centers of excellence located in Calgary, Houston and Charleston, West Virginia, with a significant portion of the project scope performed in Canada. Jacobs will fully support CKPC’s vision of engaging and developing the local workforce. The project is expected to mobilize immediately.
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 over 54,000 people and operates in more than 25 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 Form 10-K for the year ended September 30, 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.
Copyright Business Wire 2017