ENG Updates Renewable Fuels Feed Project

Rhea-AI Summary

ENG (NASDAQ:ENG), a key player in innovative project delivery solutions for the energy sector, is collaborating with RETI on the FEED (Front End Engineering and Design) for a Sustainable Aviation Fuel (SAF) and Renewable Diesel (RD) project in Calgary. The company acknowledged that some details from their previous press release on February 1, 2023, were prematurely disclosed and will be clarified in a forthcoming announcement. ENG operates in two segments: Commercial and Government Services, focusing on engineering, design, and automation solutions both domestically and globally.

HOUSTON, TX / ACCESSWIRE / February 6, 2023 / ENG (NASDAQ:ENG), a leading provider of innovative project delivery solutions for the energy industry, today announced that ENG and RETI are working diligently on developing the FEED (Front End Engineering and Design) for the Sustainable Aviation Fuel (SAF) and Renewable Diesel (RD) project in Calgary. Some details in our Press Release from February 1, 2023 were released pre-maturely and will be corrected in a future Press Release when more details are available.

About ENG

ENG (NASDAQ:ENG) is a leading provider of complete project solutions for renewable and traditional energy throughout the United States and internationally. ENG operates through two business segments: Commercial and Government Services. The Commercial segment provides engineering, design, fabrication, construction and integration of automated control systems as a complete packaged solution for its clients. The Government Services segment provides engineering, design, installation, operations, and maintenance of various government, public sector, and international facilities, specializing in turnkey automation and instrumentation systems for the U.S. Defense industry worldwide. Further information about the Company and its businesses is available at www.englobal.com.

Safe Harbor for Forward-Looking Statements

The statements above regarding the Company's expectations, including those relating to its future results, its future operations and certain other matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws and are subject to risks and uncertainties. For a discussion of risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ENG's filings with the Securities and Exchange Commission, including the Company's most recent reports on Form 10-K and 10-Q, and other SEC filings.

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CONTACT:
Market Makers - Investor Relations
Jimmy Caplan
512-329-9505
Email: jimmycaplan@me.com

Market Makers - Media Relations
Rick Eisenberg
212-496-6828
Email: eiscom@msn.com

SOURCE: ENGlobal

View source version on accesswire.com:
https://www.accesswire.com/738165/ENG-Updates-Renewable-Fuels-Feed-Project

FAQ

What is ENG's recent announcement regarding the SAF and RD project?

ENG announced it is working with RETI on developing the FEED for a Sustainable Aviation Fuel (SAF) and Renewable Diesel (RD) project in Calgary.

What issues were noted in ENG's press release from February 1, 2023?

ENG stated that some details in the press release from February 1, 2023, were released prematurely and will be corrected in a future announcement.

What services does ENG offer in the energy sector?

ENG provides complete project solutions, including engineering, design, fabrication, and construction for both commercial and government sectors.

Is ENG involved in renewable energy projects?

Yes, ENG is actively involved in renewable energy projects, including the development of Sustainable Aviation Fuel and Renewable Diesel.