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Corporate News Blog Jacobs Engineering and Paqell Sign THIOPAQ O&G Sulfur Recovery Technology Licensor Agreement

LONDON, UK / ACCESSWIRE / October 13, 2017 / Pro-Trader Daily looks at the latest corporate events and news making the headlines for Jacobs Engineering Group Inc. (NYSE: JEC), following which, we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=JEC. The Company announced on October 11, 2017, that it has signed a sulfur recovery technology licensor agreement with Paqell, a joint venture (JV) between Shell Global Solutions and Paques BV for use of its THIOPAQ O&G (Oil and Gas) technology in refineries and gas treating facilities across the globe. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

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The Agreement

Post this agreement, Jacobs Engineering will be the only gas treating and sulfur recovery licensing company to license THIOPAQ O&G to low capacity sulfur facility owners, providing a reduced capital expenditure (CAPEX) operational expenditure (OPEX) option, which eliminates the chemical waste produced by alternative technologies.

What is THIOPAC O&G?

THIOPAQ O&G is a gas desulphurization process which integrates gas purification with sulfur recovery in a single unit, resulting in high sulfur recovery levels at reduced installation and operating costs. According to Jacobs Engineering, the process removes sulfur components, such as mercaptans (R-SH) and hydrogen sulfides (H2S), from a gas stream and converting them into biologically formed sulfur.

THIOPAQ O&G is based on natural processes and makes use of natural bacteria because they have been proven to be the most safe, stable, and efficient catalyst in the business when applied to small and medium size sour gas streams with unfavorable gas compositions. The biological process is becoming increasingly important to the industry as it looks for ways to reduce chemical waste which poses both environmental and safety hazards.

Jacobs Engineering has a technology solutions portfolio in THIOPAQ O&G, called as Comprimo® Sulfur Solutions, which provides ways to reduce chemical waste which can pose serious environmental and safety hazards. The Comprimo Sulfur Solutions is a leading provider of licensing, engineering, procurement, and construction services to gas treating and sulfur recovery plants around the world. It helps in adding new units, increasing sulfur recovery efficiency, adding more processing capacity through gas treating enrichment or oxygen enrichment, and conducting sulfur degassing and handling.

“Refining and gas treating facility owners and operators require reliable technology that delivers low CAPEX and OPEX, provides high sulfur recovery efficiency, and minimizes environmental impact,” said Jacobs Mining & Minerals and Specialty Chemicals Senior Vice President and General Manager, Andrew Berryman, “THIOPAQ O&G meets all of these business objectives, making it the perfect addition to Jacobs’ Comprimo Sulfur Solutions technology portfolio.”

About the Company (NYSE: JEC)

Jacobs Engineering is one of the world’s largest and most diverse providers of full-spectrum technical, professional, and construction services for industrial, commercial, and government organizations globally. The Company employs over 54,000 people and operates in more than 25 countries around the world.

Last Close Stock Review

At the closing bell, on Thursday, October 12, 2017, Jacobs Engineering’s stock rose slightly by 0.88%, ending the trading session at $58.52. A total volume of 514.37 thousand shares have exchanged hands. The Company’s stock price surged 7.63% in the last three months, 10.48% in the past six months, and 16.20% in the previous twelve months. Moreover, the stock gained 2.67% since the start of the year. The stock is trading at a PE ratio of 31.01 and has a dividend yield of 1.03%. The stock currently has a market cap of $7.02 billion.

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