Matrix Service Awarded EPFC Of Two-Million Gallon LNG Tank For JAX LNG

TULSA, Okla., Nov. 07, 2016 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq:MTRX) announced today that its subsidiary, Matrix Service has been awarded the engineering, procurement, fabrication and construction of a 2 million gallon LNG tank for the JAX LNG Bunker Facility, a new LNG liquefaction and storage facility located at Dames Point near the Port of Jacksonville. JAX LNG is a joint venture formed by Pivotal LNG a wholly-owned subsidiary of Southern Company Gas, NorthStar Midstream, LLC, a midstream transportation company backed by funds managed by Oaktree Capital Management, L.P. ("Oaktree") and Clean Marine Energy LLC.  JAX LNG is the long-term supplier of LNG to the world's first LNG dual fuel container ships, the Isla Bella and Perla del Caribe, operated by TOTE Maritime Puerto Rico.

 "We are extremely proud to have been selected to provide the engineering and construction services for this critical infrastructure," said John Hewitt, CEO of Matrix Service Company. "With more than 30 years of expertise as a top-tier contractor, we look forward to helping our customers meet the growing demand for LNG storage across North America."

The JAX LNG facility is expected to be operational in the fourth quarter of 2017. Once completed, it will be capable of producing more than 120,000 gallons of LNG per day which will stored in the two million gallon cryogenic storage tank.

JAX LNG will be North America's first small-scale coastal LNG facility and will include marine distribution capabilities utilizing North America's first LNG bunker barge, Clean Jacksonville, carrying LNG for container ships serving Puerto Rico. Currently the container ships are being LNG-bunkered truck-to-ship with fuel from Pivotal LNG out of Macon, Georgia.

The new facility will provide the container ships with direct access to LNG fuel, eliminating the need for truck-to-ship bunkering.

"JAX LNG will provide a reliable long-term LNG fuel source in Florida to help meet the growing LNG demands of the maritime industry," said NorthStar CEO Tim Casey. "We are very pleased to have Matrix Service as part of our team."

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