JGC awarded contract for possible ethylene export terminal near Houston, Texas

HOUSTON, February 17, 2017 – The JGC Group announced today that its wholly-owned subsidiary, JGC America, Inc., has been awarded a basic engineering services contract by Odfjell Terminals for the possible development of an ethylene export terminal at its facility in Seabrook, Texas.

Under the contract, JGC will provide front-end engineering and design (FEED) services for Odfjell Terminals project. The proposed export terminal will be located adjacent to Odfjell’s existing liquids terminal, which is positioned nearby major ethylene pipeline corridors. The new terminal will allow for much faster turnaround of customer offtake carriers, than currently available terminals.

“Leveraging our industry leading cryogenic terminal and ethylene experience, we will work closely with Odfjell to develop and deliver a cost efficient execution strategy. We look forward to supporting Odfjell Terminals achieve its growth strategy through its Texas-based facility,” said Takehito Hidaka, president of JGC America, Inc.

About JGC:

JGC is a global engineering, procurement and construction firm committed to delivering services to their clients, while providing safe and cost-effective project execution. JGC’s worldwide footprint includes having executed 20,000 projects in more than 80 countries. From conception to commissioning, the company partner with clients to deliver successful engineering, procurement and construction programs. With the corporate slogan “Engineering the Future”, JGC intend to further promote the expansion of the industries they serve and contribute to economic progress, industrial advancement and sustainable growth throughout the world.

About Odfjell Terminals:

Odfjell Terminals is a global provider of tank storage services, owned by Odfjell SE (51% and Lindsay Goldberg LLC (49%). Odfjell Terminals’ strategy is to grow within its current footprint of terminals, especially in Rotterdam and Houston. A key objective is to harvest synergies with Odfjell Tankers. The group’s current capacity is 3.5 million CBM of storage space with ~950 tanks.

Odfjell Terminal operates nine tank terminals, which are located in key ports around the world. Odfjell Terminals offers in Rotterdam a toll distillation service for the petrochemical and petroleum industry (PID). The terminal network also includes a cooperation agreement with a group of tank terminals in South America, partly owned by related parties.