Jacobs Engineering Group Inc. reported it was awarded a contract from Methanex Corporation, the world's largest methanol supplier to major international markets, to provide engineering, procurement and construction services for a methanol production facility in Louisiana.

Officials estimate the construction value to be $550 million.

Jacobs is already executing site-specific engineering and construction management for the 225-acre location in Geismar, La. from its offices in Baton Rouge, with support for the disassembly from its Santiago, Chile office. The plant is expected to be operational the second half of 2014.

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