Borealis Selects Jacobs to Conduct Polypropylene Expansion Feasibility Study

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,
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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.

Contacts

Jacobs Engineering Group Inc.
Kerrie Sparks, 214-583-8433