Jacobs Awarded Contract from Evonik for New Methionine Plant in Singapore

Jacobs Engineering Group Inc. (NYSE: JEC) announced today it was awarded a contract from Evonik Methionine SEA Pte Ltd, a wholly-owned subsidiary of Evonik Industries AG, to provide engineering, procurement and construction management (EPCM) services for a new methionine production complex at Jurong Island, Singapore.Officials did not disclose the contract value, however noted that Jacobs is leading the project execution activities from its office in Singapore supported by work share from its other offices in the region. Evonik is investing a total of approximately $636.5 million (euro 500 million) in the new production plant, which is planned to produce 150,000 metric tons per annum of amino acid DL-methionine, together with all the strategically important intermediates. The integrated complex is scheduled for a 2014 start up. This increased capacity further consolidates Evonik's market leadership in the core business of methionine, which is in high demand in the animal feed industry.