Jacobs Wins New Acid Plant Contract for Teck’s Trail Smelter
PASADENA, Calif., March 20, 2012 /PRNewswire/ — Jacobs Engineering Group Inc. (NYSE: JEC) announced today it received a contract from Teck Metals Ltd. to design and supply a new sulfuric acid plant for its Trail operation located in British Columbia, Canada.
Officials estimate the contract value to be approximately $50 million.
The new acid plant is replacing two aging plants at the site and is expected to improve operating reliability and flexibility, reduce downtime and maintenance costs, and improve environmental performance. The contract includes the design of the complete sulfuric acid plant contact section, including catalytic DeNO(x) system, as well as supply of all equipment and the majority of materials. The plant includes Jacobs’ proprietary Chemetics® equipment throughout, including stainless steel converter (with dual internal exchangers), radial flow gas-gas exchangers, acid coolers and SARAMET® distributors and piping. The bulk of the proprietary equipment is being fabricated at Jacobs’ facility in Pickering, Ontario.
Jacobs Group Vice President Andy Kremer stated, “We have been working together with Teck Trail Operations for many years on a variety of projects, and we are delighted that Teck has selected our technology for its new acid plant. We look forward to expanding our relationship with Trail Operations as the project is executed.”
Trail Operations include one of the world’s largest fully integrated zinc and lead smelting and refining complexes, a two-thirds interest in the Waneta hydroelectric dam and ownership of the dam’s transmission system. The metallurgical operations produce refined zinc and lead, as well as a variety of precious and specialty metals, chemicals and fertilizer products.
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.
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SOURCE Jacobs Engineering Group Inc.