Jacobs Engineering Group Inc. (NYSE: JEC) announced today it received a contract from Viru Keemia Grupp AS (VKG) to provide a license package and services for a sulfur recovery unit (SRU). The SRU is part of VKG’s investment to upgrade its shale oil refinery complex in Kothla-Jarve, Estonia.
Officials did not disclose the contract value, however noted the services are being provided from Jacobs’ Leiden office in The Netherlands.
Under the terms of the contract, Jacobs is licensing its proprietary EUROCLAUS ® technology to VKG; and is also providing the basic design package, training, start up and commissioning assistance services for the new SRU.
Jacobs Group Vice President Robert Matha stated, “As a global leader in the design of SRUs, we are delighted to receive this award, and look forward to supporting VKG on this significant shale oil project.”Jacobs has been delivering technology for sulfur recovery and gas treating units for more then 25 years. Its proprietary technology offers a number of highly valued performance features in areas such as reliability, sulfur recovery levels, sulfur emissions reduction and simple continuous operation. VKG is the leading oil shale processor in Estonia. The company’s activities span the entire oil shale chain, from mining and processing to the marketing of the finest chemicals. Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services. 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 2011 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.