Borealis Selects Jacobs to Conduct Engineering Study for Chemical Plant in Belgium

Proposed plant would be one of the largest in the world with annual
capacity of 740 kilotons

DALLAS–(BUSINESS WIRE)–Jacobs
Engineering Group Inc. (NYSE:JEC) has been awarded a contract to
complete a front end engineering design (FEED) study for a propane
dehydrogenation (PDH) plant located at the existing Borealis production
site in Kallo, Belgium. The contract award follows the successful
completion of the feasibility study for the plant. When complete, the
new PDH plant will have a targeted annual production capacity of 740
kilotons, making it one of the largest and most efficient facilities in
the world.

As part of the FEED study, Jacobs is preparing the basic design package
for both the inside battery limit areas as well as the outside battery
limit areas of the new PDH plant. The FEED phase is scheduled for
completion by mid-2018.

“A new and innovative PDH plant of this scale would be a significant
investment in the chemical industry in Europe and a response to market
demand for polypropylene and propylene,” said Jacobs Petroleum and
Chemicals President Vinayak Pai. “We look forward to continuing our
relationships with Borealis through the next development phase of this
world-scale petrochemical plant.”

“We have selected a trusted partner in Jacobs Engineering for the FEED
phase of this important project, which will allow us to further
strengthen our position as a leading and innovative polypropylene and
propylene supplier in Europe,” said Borealis Base Chemicals Executive
Vice President Markku Korvenranta.

Jacobs leads the global professional services sector, delivering
solutions for a more connected, sustainable world. With $15 billion in
combined revenue and a talent force more than 74,000 strong, Jacobs
provides a full spectrum of services including scientific, technical,
professional and construction- and program-management for business,
industrial, commercial, government and infrastructure sectors. For more
information, visit www.jacobs.com.

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 Form 10-K for the year
ended September 29, 2017, 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.

Contacts

Jacobs Engineering Group Inc.
Kerrie Sparks, 214.583.8433