October 1, 2007 at 2:28 pm #3937
PASADENA, Calif., Sept. 24, 2007 /PRNewswire-FirstCall/ — Jacobs Engineering Group Inc. (Nachrichten) received authorization to proceed with detail design and construction on a world-scale refinery expansion at Motiva Enterprises LLC facility in Port Arthur, Texas. This expansion, with a completion date of 2010, will add 325,000 barrels per day (BPD) of refining capacity essentially doubling the size of the refinery to more than 600,000 BPD, making it the largest U.S. refinery and one of the largest in the world.
According to Motiva, the 325,000 BPD expansion at Port Arthur is “equivalent to building the first new refinery in the U.S. in more than 30 years. This refinery will not only create extra capacity, but a sense of security of supply and a good opportunity to cover the growth that will be taking place.” A joint venture of Jacobs Engineering Group Inc. and Bechtel Corporation will manage the engineering, procurement, and construction for the facility expansion.
In making the announcement, Jacobs Executive Vice President Greg Landry stated, “We are excited about the opportunity to deepen our relationship with Motiva. While we continue providing the proven resources of both organizations to engineer and build this large refinery expansion, we will provide our people with an exciting longer term opportunity to participate in a leading edge project. This project is vitally important to help Motiva meet the country’s growing demand for more fuel supply and we are pleased to play such a critical role in the project’s execution.”
Headquartered in Houston, Texas, Motiva Enterprises LLC is a refining and marketing joint venture owned by affiliates of Shell and Saudi Aramco. Motiva’s marketing operations support a network of nearly 7,700 Shell-branded gasoline stations in the eastern and southern United States. More information is available at http://www.motivaenterprises.com/.
Jacobs, with over 48,000 employees and revenues exceeding $8.0 billion, provides technical, professional, and construction services globally.
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 2006 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.
For additional information contact: Mary Bloom 626.578.6992 (Logo: http://www.newscom.com/cgi-bin/prnh/20051021/LAJACOBSEGLOGO)
October 1, 2007 at 2:30 pm #7255
Here is current update on Motiva Refinery & Coker expansion moving from Planning stage into EPC stage with assignment of Jacobs & Bechtel JV to manage the Engineering, Procurement & Construction of the $7 Billion project.
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