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Project(s): View 17 related projects in PECWeb
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Released May 09, 2018 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Jacobs Engineering Group Incorporated (NYSE:JEC) (Dallas, Texas) saw its work backlog hit $26.5 billion at the end of its fiscal second quarter. The company is on track to become one of the largest government-service providers globally, following stellar results in its Aerospace, Technology, Environmental and Nuclear (ATEN) business, and is maintaining its position as one of the top providers of chemical and natural gas-processing plants. Industrial Info is tracking more than $90 billion in active projects involving Jacobs, including nearly $22 billion worth that are under construction.
Click on the image at right for a graph detailing active Jacobs projects globally, by industry.
Among Jacobs' major recent accomplishments was the acquisition of CH2M, which became subsidiary CH2M Companies Limited earlier this year. The new subsidiary will lead engineering and architecture services for what is expected to be one of the largest manufacturing campuses in the world: Foxconn Technology Group's (Taipei, Taiwan) $2.5 billion liquid-crystal display (LCD) screen manufacturing facility in Mount Pleasant, Wisconsin, which will be part of a broader, $10 million complex that will cover 22 million square feet. Foxconn's plant is the beneficiary of highly publicized tax breaks and incentives from the state government. Construction is expected to begin soon and wrap up in the first quarter of 2019. For more information, see Industrial Info's project report.
"With the Jacobs-CH2M combination, we've grown to approximately 77,000 employees, and our commitment to our core values and employee culture positions Jacobs to attract the best and brightest," said Steven J. Demetriou, the chief executive officer of Jacobs, in a quarterly earnings-related conference call. He later added: "With regard to the recent CH2M acquisition, our commitments are to deliver targeted cost synergies and drive profitable revenue growth synergies, and to accelerate deleveraging in this second half of fiscal 2018."
Chemical Processing projects account for one of the largest pieces of the pie for Jacobs-related projects, in terms of investment value. Total S.A.'s (NYSE:TOT) (Paris, France) $1 billion unit addition at its Bayport Polyethylene Resins facility in Pasadena, Texas, is one of the largest under construction; the new unit would produce 1.35 billion pounds per year of polyethylene. The project is a joint venture from Total, NOVA Chemicals Corporation (Calgary, Alberta) and Borealis AG (Vienna, Austria). For more information, see Industrial Info's project report and February 20, 2018, article - Three-Way Joint Venture to Center on Texas Petchem Projects.
Refining projects make up a smaller portion of Jacobs' engineering slate. Construction is underway on Koch Industries Incorporated's (Wichita, Kansas) $50 million hydrotreater unit conversion at the West Refinery in Corpus Christi, Texas, which will convert a 53,000-barrel-per-day (BBL/d) gas-oil hydrotreater to a distillate hydrotreater. Construction is expected to begin next year on Suncor Energy Incorporated's (NYSE:SU) (Calgary, Alberta) $50 million hydrotreater revamp at the Devner Refinery in Commerce City, Colorado, which will modify the 12,000-BBL/d light straight run hydrotreater to conform with the Tier 3 low-sulfur gasoline program. For more information, see Industrial Info's reports on the Corpus Christi and Commerce City projects.
Jacobs' Canadian subsidiary is serving as the engineering, procurement and construction (EPC) contractor on Keyera Corporation's (Calgary, Alberta) $470 million Wapiti Sour Gas Processing Gas Complex near Grande Prairie County, Alberta, a natural gas-processing plant with a capacity of 125 million standard cubic feet per day of natural gas and 25,000 BBL/d of mixed condensate, and Suncor's $1.2 billion Meadow Creek East oil production facility near Fort McMurray, Alberta, which is to be built in three phases and eventually process 80,000 BBL/d, using steam-assisted gravity drainage (SAGD) technology.
The Wapiti plant is backed by long-term agreements with Paramount Resources Limited (TSX:POU) (Calgary); now under construction, the project is expected to wrap up in the first quarter of 2019. Suncor received regulatory approval for Meadow Creek East last year, and expects to begin construction on the first phase in the first quarter of 2021. For more information, see Industrial Info's project reports on the Wapiti plant and Meadow Creek's Phase I, Phase II and Phase III.
Also in Canada, Jacobs is performing design-engineering services for Enbridge Incorporated's (NYSE:ENB) (Calgary) Line 3 Pipeline Replacement Project, running from Hardisty, Alberta, to Superior, Wisconsin. The project is expected to double capacity on Line 3 to 760,000 barrels per day (BBL/d) by the time it is completed in fourth-quarter 2019. Major components on Line 3 that are underway include:
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Click on the image at right for a graph detailing active Jacobs projects globally, by industry.Among Jacobs' major recent accomplishments was the acquisition of CH2M, which became subsidiary CH2M Companies Limited earlier this year. The new subsidiary will lead engineering and architecture services for what is expected to be one of the largest manufacturing campuses in the world: Foxconn Technology Group's (Taipei, Taiwan) $2.5 billion liquid-crystal display (LCD) screen manufacturing facility in Mount Pleasant, Wisconsin, which will be part of a broader, $10 million complex that will cover 22 million square feet. Foxconn's plant is the beneficiary of highly publicized tax breaks and incentives from the state government. Construction is expected to begin soon and wrap up in the first quarter of 2019. For more information, see Industrial Info's project report.
"With the Jacobs-CH2M combination, we've grown to approximately 77,000 employees, and our commitment to our core values and employee culture positions Jacobs to attract the best and brightest," said Steven J. Demetriou, the chief executive officer of Jacobs, in a quarterly earnings-related conference call. He later added: "With regard to the recent CH2M acquisition, our commitments are to deliver targeted cost synergies and drive profitable revenue growth synergies, and to accelerate deleveraging in this second half of fiscal 2018."
Chemical Processing projects account for one of the largest pieces of the pie for Jacobs-related projects, in terms of investment value. Total S.A.'s (NYSE:TOT) (Paris, France) $1 billion unit addition at its Bayport Polyethylene Resins facility in Pasadena, Texas, is one of the largest under construction; the new unit would produce 1.35 billion pounds per year of polyethylene. The project is a joint venture from Total, NOVA Chemicals Corporation (Calgary, Alberta) and Borealis AG (Vienna, Austria). For more information, see Industrial Info's project report and February 20, 2018, article - Three-Way Joint Venture to Center on Texas Petchem Projects.
Refining projects make up a smaller portion of Jacobs' engineering slate. Construction is underway on Koch Industries Incorporated's (Wichita, Kansas) $50 million hydrotreater unit conversion at the West Refinery in Corpus Christi, Texas, which will convert a 53,000-barrel-per-day (BBL/d) gas-oil hydrotreater to a distillate hydrotreater. Construction is expected to begin next year on Suncor Energy Incorporated's (NYSE:SU) (Calgary, Alberta) $50 million hydrotreater revamp at the Devner Refinery in Commerce City, Colorado, which will modify the 12,000-BBL/d light straight run hydrotreater to conform with the Tier 3 low-sulfur gasoline program. For more information, see Industrial Info's reports on the Corpus Christi and Commerce City projects.
Jacobs' Canadian subsidiary is serving as the engineering, procurement and construction (EPC) contractor on Keyera Corporation's (Calgary, Alberta) $470 million Wapiti Sour Gas Processing Gas Complex near Grande Prairie County, Alberta, a natural gas-processing plant with a capacity of 125 million standard cubic feet per day of natural gas and 25,000 BBL/d of mixed condensate, and Suncor's $1.2 billion Meadow Creek East oil production facility near Fort McMurray, Alberta, which is to be built in three phases and eventually process 80,000 BBL/d, using steam-assisted gravity drainage (SAGD) technology.
The Wapiti plant is backed by long-term agreements with Paramount Resources Limited (TSX:POU) (Calgary); now under construction, the project is expected to wrap up in the first quarter of 2019. Suncor received regulatory approval for Meadow Creek East last year, and expects to begin construction on the first phase in the first quarter of 2021. For more information, see Industrial Info's project reports on the Wapiti plant and Meadow Creek's Phase I, Phase II and Phase III.
Also in Canada, Jacobs is performing design-engineering services for Enbridge Incorporated's (NYSE:ENB) (Calgary) Line 3 Pipeline Replacement Project, running from Hardisty, Alberta, to Superior, Wisconsin. The project is expected to double capacity on Line 3 to 760,000 barrels per day (BBL/d) by the time it is completed in fourth-quarter 2019. Major components on Line 3 that are underway include:
- $60 million West Souris Crude Oil Pump Station near Souris, Manitoba, which will include two electric motor-driven pump packages from Siemens AG (Munich, Germany); see project report
- $60 million Saint Leon Crude Oil Pump Station near Saint Leon, Manitoba, which will include three electric motor-driven pump packages from Siemens AG; see project report
- $60 million Cromer Crude Oil Pump Station near Virden, Manitoba, which will include two electric motor-driven pump packages from Siemens AG; see project report
- $60 million Langbank Crude Oil Pump Station near Kennedy, Saskatchewan, which will include two electric motor-driven pump packages from Siemens AG; see project report
- $60 million Bethune Crude Oil Pump Station near Bethune, Saskatchewan, which will include three electric motor-driven pump packages from Siemens AG; see project report
- $60 million Craik Crude Oil Pump Station near Craik, Saskatchewan, which will include three electric motor-driven pump packages from Siemens AG; see project report
- $60 million Kerrobert Crude Oil Pump Station near Denzil, Saskatchewan, which will include three electric motor-driven pump packages from Siemens AG; see project report
- $60 million Hardisty Crude Oil Pump Station near Edmonton, Alberta, which will include four electric motor-driven pump packages from Siemens AG; see project report
- $60 million Metiskow Crude Oil Pump Station near Provost, Alberta, which will include three electric motor-driven pump packages from Siemens AG; see project report
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
