Market Overview

Jacobs Receives Contract from Methanex


Jacobs Engineering Group Inc. (NYSE: JEC) announced today it was awarded a contract from Methanex Corporation (NASDAQ: MEOH), supplier of methanol to major international markets, to provide engineering services for a potential methanol production facility in Louisiana. The plant would be relocated from Chile to Louisiana and could be operational in the second half of 2014.

Jacobs is currently executing site-specific engineering for the 225-acre location in Geismar, La. from its offices in Baton Rouge, La.; Santiago, Chile; and Marble Arch, London, UK. The project is expected to create numerous direct and indirect job employment opportunities.

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

Posted-In: News Futures Commodities Contracts Markets


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