Black & Veatch's Gas, Oil and Chemicals Division Signs Memorandum of Understanding With VECO Canada Ltd.

Black & Veatch's Gas, Oil and Chemicals (GOC) Division announced today that it has signed a memorandum of understanding (MOU) with VECO Canada Ltd., a multinational engineering, procurement and construction services provider to the energy, resource and process industries. The exclusive agreement will allow VECO to offer Black & Veatch's proprietary sulfur recovery and gas processing technologies in the Canadian marketplace. "Black & Veatch's international reputation in the sulfur recovery and gas processing fields was a major factor for our selection by VECO," said Rob Mortko, Black & Veatch GOC vice president of technology. "This MOU is a win- win for both companies, and it solidifies Black & Veatch's reputation as the preferred technology provider in the process industry." Black & Veatch's proprietary technologies covered by the MOU include its line of sulfur recovery options as well as its gas processing technologies, encompassing the PRICO Natural Gas Liquefaction (LNG) process, the PRO-MAX Liquefied Petroleum Gas (LPG) recovery process and related LNG technologies. "The sulfur recovery and gas processing markets in Canada are expected to be quite robust in the near term," said Geza Szabo, VECO Senior vice president. "Through Black & Veatch's technology leadership and VECO's established presence in Canada, this MOU will provide value to both companies as well as to our customers." "As VECO pursues and secures process industry engineering and construction projects in Canada, we will take pride in knowing that Black & Veatch's proprietary technologies are helping improve the environment, enhance plant operability and augment life cycle costs for process plants in the region," said Mortko. About Gas, Oil and Chemicals Black & Veatch's Gas, Oil and Chemicals (GOC) Division was established in 1920 as J.F. Pritchard Corporation and today specializes in gas processing, sulfur recovery and LNG technologies, offering efficient and cost-effective solutions to these markets. In conjunction with expertise in petroleum refining, petrochemical and chemical plants and cogeneration units, GOC offers full-service engineering and construction services across the globe. GOC has engineered or constructed more than 100 sulfur recovery units ranging in size up to 2,100 tons per day and over 250 gas processing projects ranging in size up to 2,200 million standard cubic feet per day. In addition, GOC has taken its 50+ years of experience in LNG and become one of the major LNG engineering groups in the industry. GOC continues to expand its technology leadership through new patents and licensing arrangements in a wide range of natural gas processing, sulfur recovery and LNG applications. About Black & Veatch Black & Veatch Corporation is a leading global engineering, construction and consulting company specializing in infrastructure development in the fields of energy, water and information. Founded in 1915, Black & Veatch serves its clients with conceptual and preliminary engineering services, engineering design, procurement, construction, financial management, asset management, information technology, environmental, security design and consulting and management consulting services. Headquartered in Overland Park, Kan., the employee-owned company has more than 90 offices worldwide. Black & Veatch is ranked 78th on the Forbes "500 Largest Private Companies in the U.S." listing for 2002. The company's Web site address is www.bv.com http://www.bv.com. About VECO VECO Corporation is a multinational program management company headquartered in Anchorage, Alaska, providing engineering, procurement, construction and operations and maintenance services to the energy, resource and process industries and to the public sector. VECO competes effectively for Engineering and Design Services work against a very large number of international as well as local consulting companies worldwide. It has risen steadily in the rankings produced by Engineering News-Record (ENR) and is currently 38th out of the top 500 national design firms. VECO Canada Ltd., a subsidiary of VECO Corporation, is home of the VECO Corporation Power and Upstream Oil and Gas Business Sectors, which will represent VECO in this MOU. Visit www.VECO.com http://www.VECO.com for more information on VECO.