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Jacobs Awarded Contract by Midwest Fertilizer

Source: www.gulfoilandgas.com 12/17/2013, Location: North America

Jacobs Engineering Group Inc. announced today that it was awarded a contract by Midwest Fertilizer to provide program management services for a nitrogen-based fertilizer plant in Posey County, Ind.

Officials did not disclose the contract value, but estimate the construction value to be $2.4 billion.

Construction for the new plant is expected to begin in November of 2014 and take three years to complete. Once operational, Midwest Fertilizer plans to manufacture nitrogen-based fertilizers to supply domestic demand. The United States is currently the largest importer of nitrogen fertilizer, according to the U.S. Department of Agriculture.

In making the announcement, Jacobs Group Vice President Chris Nagel stated, “It’s exciting to be part of Midwest Fertilizer’s expansion into the U.S. market. We look forward to partnering with them on their new facility, the first nitrogenous fertilizer plant to be built in the U.S. in more than 25 years.”

Midwest Fertilizer is a multinational corporation of international investors from the U.S., Europe, and Asia and includes Fatima Group, a global leader in the fertilizer industry headquartered in Pakistan.

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 2013 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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