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Sasol Awards Engineering Services Contract to Jacobs Engineering

Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from Sasol, an integrated oil, gas and chemical company operating worldwide, to provide basic engineering services for the first commercial installation of Sasol's proprietary tetramerization technology.

Officials did not disclose the contract value.

The initial commercial unit is expected to have a combined capacity for 1-octene and 1-hexene of 100,000 tons per year. The location for the first unit has not been determined, however Sasol's chemical complex, located near Lake Charles, La., is a leading candidate.

The basic engineering phase is expected to be complete by the third quarter of 2010. Construction is intended to begin in 2011 with initial production slated for 2013.

In making the announcement, Jacobs Group Vice President Jim Stewart stated, "We are delighted that Sasol has entrusted us with this important project using first-of-a-kind technology. Our participation gives us the opportunity to strengthen our relationship with Sasol and allows us to work in partnership to help meet the increasing demand for Sasol's products."


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