Lubrizol Selects Jacobs for Engineering, Procurement and Construction Services
April 26 2017 - 6:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) has been selected by
Lubrizol to provide engineering, procurement and construction (EPC)
services for Lubrizol’s new Polyisobutylene (PIB) unit in Deer
Park, Texas. Executives from both companies, including Eric Schnur,
Lubrizol Chairman, President and CEO, and Steve Demetriou, Jacobs
Chairman and CEO, as well as dignitaries from the city, county and
school board attended the ground breaking ceremony in March.
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Executives and government officials at
the March 22, 2017, ground breaking event for Lubrizol’s Deer Park,
Texas, Facility. From left to right: R.B. Herrscher, Senior Vice
President of Petrochemicals for Enterprise Products Partners; Mike
Vaughn, Lubrizol Corporate Vice President, Operations; Jaeyul Kim,
President and CEO of Daelim Industrial Petrochemical division; Eric
Schnur, Lubrizol Chairman, President and CEO; Steve Demetriou,
Jacobs Chairman and CEO; Jerry Mouton, Mayor of Deer Park; Dan
Sheets, Senior Vice President and President of Lubrizol Additives;
Victor White, Superintendent of Deer Park Independent School
District; and Tanya Travis, General Manager of Lubrizol Texas
plants. (Photo: Business Wire)
The project is part of Lubrizol’s plan to upgrade and enhance
the company’s global capabilities. The new unit is expected to be
fully operational in the first half of 2019.
“Jacobs is honored to partner and support Lubrizol’s goal of
renewing its infrastructure,” said Jacobs Petroleum and Chemicals
President Gary Mandel. “Jacobs will leverage its global chemical
industry knowledge to engineer, procure and construct Lubrizol’s
Deer Park plant. This project enables us to further demonstrate our
proven EPC project delivery skills and expand our strong position
in the Gulf Coast.”
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,
2016, 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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Jacobs Engineering Group Inc.Salim Rahimi, 214.583.8428
Jacobs Engineering (NYSE:JEC)
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