By November 28, 2017 0 Comments Read More →

ExxonMobil touts $340 million in project investments in Baton Roiuge in 2017

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Project investments by ExxonMobil in Baton Rouge in 2017 totaled about $340 million and included projects at all five local facilities, the company said Monday.

“We are experiencing a narrow window of increased capital investment opportunity,” said ExxonMobil Baton Rouge Chemicals Sites Manager Dave Luecke. “With the low cost of natural gas in the U.S. and the growing demand for plastics and polymers across the world, we are investing more in new projects along the Gulf Coast. Hopefully, we will be able to bring some of this increased investment to Baton Rouge.”

The 2017 projects include upgrades that help position ExxonMobil Baton Rouge to compete in the worldwide marketplace, and do not include investments to meet regulatory requirements, the company said. The investments resulted in more than $30.6 million in local sales and use taxes…

 

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