PASADENA, Calif., Dec. 7, 2010 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from CPC Corporation, Taiwan (CPC) to design and license Jacobs' proprietary EUROCLAUS® technology for a desulfurization unit as part of the Ta-Lin refinery expansion project in Kaoshiung, Taiwan.
Officials did not disclose the contract or investment values, but noted that Jacobs will execute the project from its office in Leiden, The Netherlands.
This project is the first to combine Jacobs' EUROCLAUS® technology with DynaWave® technology, which is engineered and licensed by U.S.-based MECS, Inc., the world's largest supplier of sulfuric acid technology. The combination of these two unique technologies makes it possible to achieve very low sulfur emissions at low investment cost compared to existing technologies. The new desulfurization unit will be integral to CPC's refinery operations.
Jacobs introduced EUROCLAUS® technology to the global marketplace in 1985 and now has over 200 units in operation. Addition of the DynaWave® technology to the EUROCLAUS® process nearly eliminates sulfur from the production process. This results in cleaner fuels with minimal gaseous emissions and lower energy consumption.
CPC, a state-owned petroleum, natural gas, and gasoline company in Taiwan and the core of the Taiwanese petrochemicals industry, will design and build the Ta-Lin refinery expansion. The new facility, scheduled to be operational in 2013, will produce clean fuels products for the local Taiwanese market.
In making the announcement, Jacobs Group Vice President Robert Matha stated, "As a leader in desulphurization technology, we are proud to support CPC in providing environmentally friendly, clean fuels to their customers."
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in 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 2010 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 also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.
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SOURCE Jacobs Engineering Group Inc.