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Released June 03, 2016 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking 284 active projects that involve Jacobs Engineering Group Incorporated (NYSE:JEC) (Pasadena, California) in some capacity, which have a total investment value (TIV) of $96.91 billion. The 10 highest-valued alone represent a diverse set of industries--Power; Industrial Manufacturing; Pulp, Paper & Wood; Oil & Gas--and account for nearly two-thirds of the TIV.
The large number of active projects is good news for Jacobs, whose backlog held steady at $18.2 billion at the end of its second fiscal quarter in April. In its quarterly conference call, Jacobs executives expressed satisfaction with the backlog total, noting that its consistency was a strength given the challenging market environment, especially in relation to collapsing commodity prices.
By far, the two largest projects involving Jacobs, in terms of TIV, are the Oldbury II and Wylfa Newydd nuclear power stations, in Bristol, England, and Cemaes Bay, Wales, respectively. Both are still seeking project justification, and like any nuclear plant, are looking at years of preparation before construction can actually kick off. Jacobs won three-year framework contracts from owner Horizon Nuclear Power Limited (Gloucester, England) in early 2014, to provide engineering support services for the plants, both of which employ advanced boiling water reactors (ABWR). Horizon is owned by Hitachi Limited (Tokyo, Japan).
Horizon plans to build the estimated $20.22 billion, 2,600-megawatt (MW) Wylfa Newydd plant first, and then construct the $23.11 billion, 3,900-MW Oldbury II plant after it is operational, so as not to repeat any mistakes or inefficiencies when building the larger-capacity plant. According to Nuclear Engineering International, Jacobs' work will include on-site investigation, engineering, environmental permitting and waste management, and project management support. Bechtel Corporation (San Francisco, California) and JGC Corporation (Yokohama, Japan) recently joined the team as well. For more information, see May 23, 2016, article - Hitachi Reveals Team for Nuclear Power Project in Wales.
For more information, see Industrial Info's project reports on the Oldbury II and Wylfa Newydd plants.
The Power Industry has the highest investment value of any industry for projects involving Jacobs, but almost all of its share of the TIV is attributed to the two nuclear projects. Beyond that, it's a more even mix: $15 billion in the Chemical Processing Industry, $9 billion in Industrial Manufacturing, $6.27 billion in Metals & Minerals and so on. But the lion's share of the values in the Industrial Manufacturing and Pulp, Paper & Wood industries go to the two next-highest valued projects.
Jacob's third-largest project is the Maryland Department of Transportation's $5.6 billion expansion of the Purple Line light rail system near Baltimore. The 16-mile addition, which runs from Bethesda to New Carrolton, recently moved into the planning and scheduling phase after Maryland selected Purple Line Transit Partners, which is invested by Meridiam Infrastructure Purple Line LLC (Meridiam), Fluor Enterprises Incorporated (NYSE:FLR) (Irving, Texas) and Star America Purple Line LLC (Star America), to build and run the line. Jacobs is serving as a consultant. The project is slated to begin construction in the fourth quarter, and to be completed in early 2020. For more information, see Industrial Info's project report.
The highest-value project to be under construction is Asia Pulp and Paper Group's (Jakarta Pusat, Indonesia) $2.6 billion OKI Pulp and Paper Mill in Palembang, Indonesia. The project, which involves constructing a facility that will produce 2 million metric tons per year of bleached hardwood kraft pulp, 1 million metric tons per year of tissue paper and 62,800 metric tons per year of chlorine dioxide, is set to be completed in the second quarter of 2017. PT Jacobs Engineering, a local subsidiary, is performing engineering, procurement and construction services. For more information, see Industrial Info's project report.
The six other highest-value projects involving Jacobs are:
The large number of active projects is good news for Jacobs, whose backlog held steady at $18.2 billion at the end of its second fiscal quarter in April. In its quarterly conference call, Jacobs executives expressed satisfaction with the backlog total, noting that its consistency was a strength given the challenging market environment, especially in relation to collapsing commodity prices.
By far, the two largest projects involving Jacobs, in terms of TIV, are the Oldbury II and Wylfa Newydd nuclear power stations, in Bristol, England, and Cemaes Bay, Wales, respectively. Both are still seeking project justification, and like any nuclear plant, are looking at years of preparation before construction can actually kick off. Jacobs won three-year framework contracts from owner Horizon Nuclear Power Limited (Gloucester, England) in early 2014, to provide engineering support services for the plants, both of which employ advanced boiling water reactors (ABWR). Horizon is owned by Hitachi Limited (Tokyo, Japan).
Horizon plans to build the estimated $20.22 billion, 2,600-megawatt (MW) Wylfa Newydd plant first, and then construct the $23.11 billion, 3,900-MW Oldbury II plant after it is operational, so as not to repeat any mistakes or inefficiencies when building the larger-capacity plant. According to Nuclear Engineering International, Jacobs' work will include on-site investigation, engineering, environmental permitting and waste management, and project management support. Bechtel Corporation (San Francisco, California) and JGC Corporation (Yokohama, Japan) recently joined the team as well. For more information, see May 23, 2016, article - Hitachi Reveals Team for Nuclear Power Project in Wales.
For more information, see Industrial Info's project reports on the Oldbury II and Wylfa Newydd plants.
The Power Industry has the highest investment value of any industry for projects involving Jacobs, but almost all of its share of the TIV is attributed to the two nuclear projects. Beyond that, it's a more even mix: $15 billion in the Chemical Processing Industry, $9 billion in Industrial Manufacturing, $6.27 billion in Metals & Minerals and so on. But the lion's share of the values in the Industrial Manufacturing and Pulp, Paper & Wood industries go to the two next-highest valued projects.
Jacob's third-largest project is the Maryland Department of Transportation's $5.6 billion expansion of the Purple Line light rail system near Baltimore. The 16-mile addition, which runs from Bethesda to New Carrolton, recently moved into the planning and scheduling phase after Maryland selected Purple Line Transit Partners, which is invested by Meridiam Infrastructure Purple Line LLC (Meridiam), Fluor Enterprises Incorporated (NYSE:FLR) (Irving, Texas) and Star America Purple Line LLC (Star America), to build and run the line. Jacobs is serving as a consultant. The project is slated to begin construction in the fourth quarter, and to be completed in early 2020. For more information, see Industrial Info's project report.
The highest-value project to be under construction is Asia Pulp and Paper Group's (Jakarta Pusat, Indonesia) $2.6 billion OKI Pulp and Paper Mill in Palembang, Indonesia. The project, which involves constructing a facility that will produce 2 million metric tons per year of bleached hardwood kraft pulp, 1 million metric tons per year of tissue paper and 62,800 metric tons per year of chlorine dioxide, is set to be completed in the second quarter of 2017. PT Jacobs Engineering, a local subsidiary, is performing engineering, procurement and construction services. For more information, see Industrial Info's project report.
The six other highest-value projects involving Jacobs are:
- $2.5 billion: Royal Dutch Shell plc's ethylene plant in Monaca, Pennsylvania
For more information, see Industrial Info's project report. - $2.1 billion: Sound Transit's Northgate Link light rail extension in Seattle, Washington
For more information, see Industrial Info's project report. - $1.45 billion: Rio Tinto Limited's Koodaideri iron ore mine and processing facility in Newman, Western Australia
For more information, see Industrial Info's project report. - $1.32 billion: Minera Chinalco Peru S.A.'s Toromocho copper mine and concentrator in Morococha, Peru
For more information, see Industrial Info's project report. - $1.2 billion: Athabasca Oil Corporation's Hangingstone SAGD bitumen production project (Phase I) near Fort McMurray, Alberta
For more information, see Industrial Info's project report. - $1.2 billion: Athabasca Oil Corporation's Hangingstone SAGD bitumen production project (Phase II) near Fort McMurray, Alberta
For more information, see Industrial Info's project report.
