Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.

January 11, 2005 07:45 ET

Jacobs Receives CCPC Gasification Contract


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: JACOBS ENGINEERING GROUP INC.

NYSE SYMBOL: JEC

JANUARY 11, 2005 - 07:45 ET

Jacobs Receives CCPC Gasification Contract

PASADENA, Calif.--(CCNMatthews - Jan 11, 2005) -

Jacobs Engineering Group Inc. (NYSE:JEC) announced today that their
subsidiary Jacobs Consultancy UK received a Gasification Optimization
Study from the Canadian Clean Power Coalition (CCPC) to identify
suitable innovative technologies for a new generation of coal
gasification-based clean power plants in Canada.

Officials did not disclose the contract value.

These plants will incorporate carbon dioxide capture for subsurface
sequestration to help meet Canadian targets for the reduction of carbon
emissions. The study includes preliminary engineering for a commercial
size demonstration plant for installation in Canada.

The CCPC was created in 2000 to protect and enhance Canada's vast coal
and other carbon-based resource wealth and to ensure that environmental
public policy decisions recognized that these resources were a Canadian
asset, not an environmental liability. The CCPC represents power
generators and coal suppliers of over 90 percent of Canada's coal-fired
power generation. Their goal is to develop a demonstration project at
commercial utility scale, which will allow all emissions, including
CO(2), to be controlled to meet all foreseeable new regulatory
requirements. The emissions target will allow a coal-fired plant to be
as clean as a modern natural gas combined cycle plant.

In making the announcement, Jacobs Group Vice President Greg Landry
stated, "This award highlights CCPC's commitment to future clean power
generation and recognizes our experience and history of innovative ideas
in the field of applied gasification. We will work closely with the CCPC
to ensure a robust technical and commercially sound basis for the
Canadian power industry to be able to move to a new level of clean
electricity generation."

Jacobs, with over 35,000 employees and revenues approaching $5.0
billion, provides technical, professional, and construction services
globally.

Any statements made in this release that are not based on historical
fact are forward-looking statements. Any forward-looking statements made
in this release represent management's best judgement as to what may
occur in the future. However, Jacobs' actual outcome and results are not
guaranteed and are subject to certain risks, uncertainties and
assumptions ("Future Factors"), and may differ materially from what is
expressed. For a description of Future Factors that could cause actual
results to differ materially from such forward-looking statements, see
the discussion under the section "Forward-Looking Statements" included
in Item 7 - Management's Discussion and Analysis of Financial Condition
and Results of Operations contained in the Company's 2004 Annual Report
on Form 10-K.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Jacobs Engineering Group Inc.
    Rod Sharp, 626-578-6992