Overland Park, Kan. - August 3, 2010 (News Release)



The patented process that made Black & Veatch an industry leader in small- and medium-capacity liquefied natural gas facilities can now be used in large-capacity operations, bringing greater economic and operational benefits to energy providers worldwide.

“Black & Veatch’s PRICO® process contributes to the development of a sustainable and clean-energy infrastructure,” said Dean Oskvig, President and CEO of Black & Veatch’s energy business. “Through the use of this process, Black & Veatch has been an early implementer of liquefied natural gas (LNG) as a means for making natural gas available for market. We are working with several clients to implement PRICO in both onshore and offshore applications.”

PRICO is an innovative process developed by Black & Veatch and is used to liquefy natural gas to make it available for transport via truck or ocean tanker. The liquefied natural gas can then be safely transported to end users in a variety of locations and for a variety of applications such as power generation, use within industrial plants and residential heating and cooking. The low installed cost and ease of operation have made this the process of choice in more than 20 applications to date.

The expanded use of the PRICO process enables Black & Veatch clients to meet growing consumer demand by developing larger-scale natural gas liquefaction infrastructure.

“The PRICO process has made Black & Veatch an industry leader for both onshore and offshore liquefied natural gas applications,” said Brian Price, Vice President and LNG Technology Manager in Black & Veatch’s energy business. “We’ve designed PRICO to be scaled up in capacity while maintaining high efficiency and reliability. Large capacities of liquefied natural gas, from 1 to 2 million tons per year, can be produced using single or multiple PRICO units, providing clients with enhanced flexibility and reliability.”

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Editor’s Notes

• The PRICO process uses a Black & Veatch patented, single-mixed refrigerant loop for natural gas liquefaction. The process has several key advantages, including the lowest capital costs of all competing technologies, a simplified refrigeration system requiring minimal equipment and simplified control and maintenance.

• The PRICO process is ideal for creating vehicle fuel, supplying gas for new customers and producing LNG for peak shaving, a process that ensures sufficient gas is supplied during peak demand periods.

• The PRICO process is used in LNG production facilities worldwide because of its flexibility for LNG capacity and in feed gas composition. This flexibility is invaluable for clients because they receive natural gas from multiple sources with varying composition and conditions.

• The PRICO process is currently used or being implemented in more than 20 facilities worldwide.

• Black & Veatch introduced the PRICO process in the 1970s and improved and patented the process in 1997.

• PRICO is a registered trademark of Black & Veatch Holding Company.

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About Black & Veatch

Black & Veatch is a leading global engineering, consulting and construction company specializing in infrastructure development in energy, water, telecommunications, management consulting, federal and environmental markets. Founded in 1915, Black & Veatch develops tailored infrastructure solutions that meet clients’ needs and provide sustainable benefits. Solutions are provided from the broad line of service expertise available within Black & Veatch, including conceptual and preliminary engineering services, engineering design, procurement, construction, financial management, asset management, program management, construction management, environmental, security design and consulting, management consulting and infrastructure planning. With $2.7 billion in revenue, the employee-owned company has more than 100 offices worldwide and has completed projects in more than 100 countries on six continents.

Black & Veatch Media Contact: Linda Lea, +1 913 458 4629, or leala@bv.com

Black & Veatch 24-hour Media Hotline: +1 866 496 9149

For additional information, visit our Web site at: www.bv.com

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