Jacobs Receives Contract from Methanex

08/14/2012

Idle Plant to Relocate from Chile to Louisiana

PASADENA, Calif.--(BUSINESS WIRE)--Aug. 14, 2012-- Jacobs Engineering Group Inc. (NYSE:JEC) announced today it was awarded a contract from Methanex Corporation, the world’s largest methanol supplier to major international markets, to provide engineering, procurement and construction services for a methanol production facility in Louisiana.

Officials estimate the construction value to be $550 million.

Jacobs is already executing site-specific engineering and construction management for the 225-acre location in Geismar, La. from its offices in Baton Rouge, with support for the disassembly from its Santiago, Chile office. The plant is expected to be operational the second half of 2014.

In making the announcement, Jacobs Group Vice President Mike Autrey stated, “The U.S. Gulf Coast is a prime location for this facility, especially since demand for methanol is expected to grow in the coming years. We are very pleased Methanex selected Jacobs to be a part of this project.”

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.

Source: Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.
Michelle Jones, 626.578.6968

Statements 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 2009 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 caution readers that we do not undertake to update any forward-looking.