JACOBS ENGINEERING GROUP INC.

(J)
  Report
Real-time Estimate Cboe BZX  -  05/23 09:45:41 am EDT
137.08 USD   +0.84%
05/19Jacobs Wins Deal to Support Clean-Up of Japan's Fukushima Nuclear Plant
MT
05/19Jacobs Selected by TEPCO to Support Fukushima Clean-up
PR
05/19Tokyo Electric Power Company Inc. Selects Jacobs to Support Decommissioning of the Fukushima Daiichi Nuclear Power Plant in Japan
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Jacobs Engineering : Wins Contract for The Swanbank Energy-From-Waste Facility in Australia

01/06/2022 EDT

Harnessing energy from waste is a crucial piece of the circular economy puzzle, helping create a sustainable, healthier and safer world for our communities to thrive. In Australia, REMONDIS, one of the world's largest privately run recycling, service and water companies, is emerging as a trailblazer in the Energy-from-Waste (EfW) space with its proposed $299.6 million (AU $400 million) EfW facility in Swanbank, Queensland.

Supporting the development of the EfW facility

REMONDIS Australia recently awarded Jacobs a project development services contract to support the design and environmental aspects of this EfW facility. Our scope of services includes preparing the Environmental Impact Statement to support the community consultation process, delivering waste supply strategic technical advisory services, engineering pre-feasibility assessment, front-end engineering design, and Engineering, Procurement and Construction (EPC) support, including preparing technical specifications and managing an EPC tendering process for the facility's construction.

"The Swanbank site and proposal offers many clear advantages and Jacobs is excited to be playing a key role in delivering the facility," says Jacobs Asia Pacific Technical Director for Energy-from-Waste Projects David Harridge, "We will be focused on working closely with REMONDIS to develop a design modeled on world's best practice by bringing to bear the extensive international Energy-from-Waste experience of our organizations."

Based in Brisbane, Australia, we will have a team of over 40 specialists working alongside REMONDIS' locally based management team. Our team in the U.K. will also provide specialist waste strategic advisory and engineering support.

The project is expected to begin in 2022 and reach completion by 2025.

Harnessing energy from waste to power 50,000 homes in Queensland

The proposed EfW facility will be part of REMONDIS' planned $524 million (AU $700 million) Clean Energy & Resource Recovery Precinct in Swanbank.Once the EfW facility is operational, it will divert up to 500,000 tonnes of non-recyclable waste annually to generate approximately 50 megawatts of cleaner baseload energy per year,enough to power 50,000 homes in Queensland each year.

"The project enables the recovery of valuable energy and other useful materials from residual waste that would otherwise be disposed of at landfill. Through waste disposal with significantly less environmental impact than the existing landfill, the community impact relative to 'business as usual' practices of waste management in Ipswich will be a positive one," says Jacobs Project Manager Andrew Rasmussen, highlighting the impact of the project on the community.

"Reduction in current odor and dust impacts from landfill operations will provide tangible environmental benefits. A fully enclosed process will mean there is robust containment of emissions to water and land. By employing European best practice techniques, emissions to air will be minimal and fully compliant with stringent limits for pollutant emissions and ambient air quality."

The REMONDIS EfW project will also have a significant economic benefit for the region, creating more than 200 jobs during construction and up to 70 permanent jobs once in operation.

Article options

Disclaimer

Jacobs Engineering Group Inc. published this content on 06 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2022 15:24:10 UTC.


© Publicnow 2022
All news about JACOBS ENGINEERING GROUP INC.
05/19Jacobs Wins Deal to Support Clean-Up of Japan's Fukushima Nuclear Plant
MT
05/19Jacobs Selected by TEPCO to Support Fukushima Clean-up
PR
05/19Tokyo Electric Power Company Inc. Selects Jacobs to Support Decommissioning of the Fuku..
CI
05/18Jacobs Engineering Awarded Five-Year, $60 Million Atlanta Airport Contract Renewal
MT
05/18Jacobs Awarded Contract Renewal with Atlanta Airlines Terminal Company
PR
05/18Jacobs Receives Five-Year Contract Renewal with Atlanta Airlines Terminal Company
CI
05/13Axiom Space Breaks Ground on New Headquarters and Space Station Production Facility at ..
AQ
05/12TRANSCRIPT : Jacobs Engineering Group Inc. Presents at Goldman Sachs Industrials & Materia..
CI
05/12Jacobs JV Wins Support Contracts for National Grid Projects in UK
MT
05/12Jacobs and Morrison Energy Services Secure National Grid Projects
PR
More news
Analyst Recommendations on JACOBS ENGINEERING GROUP INC.
More recommendations
Financials (USD)
Sales 2022 15 096 M - -
Net income 2022 677 M - -
Net Debt 2022 2 280 M - -
P/E ratio 2022 26,2x
Yield 2022 0,67%
Capitalization 17 486 M 17 486 M -
EV / Sales 2022 1,31x
EV / Sales 2023 1,18x
Nbr of Employees 52 000
Free-Float 99,1%
Chart JACOBS ENGINEERING GROUP INC.
Duration : Period :
Jacobs Engineering Group Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends JACOBS ENGINEERING GROUP INC.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Last Close Price 135,94 $
Average target price 160,40 $
Spread / Average Target 18,0%
EPS Revisions
Managers and Directors
Steven J. Demetriou Chairman & Chief Executive Officer
Kevin Christopher Berryman Co-President & Chief Financial Officer
Robert Venkat Pragada Co-President & Chief Operating Officer
Madhuri A. Andrews Chief Digital & Information Officer, Senior VP
Michael R. Tyler Secretary, Chief Compliance Officer & Senior VP