The governor of Louisiana, John Bel Edwards, has announced potential investment by ExxonMobil totalling more than $240 million at the company’s Baton Rouge Refinery.
The suite of projects would improve processing capability, increase flexibility for meeting market demand, advance overall site competitiveness, and install technology for a voluntarily 10 percent reduction of volatile organic compound emissions.
The projects are pending final engineering, design and investment decisions. A decision to proceed could come from ExxonMobil this year.
The projects would retain 1,300 existing jobs at the refinery, and ExxonMobil estimates the projects would support more than 600 construction jobs on-site over three years.
The investment would also provide more than 20 full-time job opportunities for graduates of the North Baton Rouge Industrial Training Initiative, a collaborative programme spearheaded by ExxonMobil in 2012 to provide no-cost, fast-tracked industrial craft training for community residents.
“ExxonMobil has operated in Baton Rouge for more than 110 years and has provided high-quality jobs for decades at the integrated refinery and chemical plant complex,” Edwards said.
The projects would generate approximately $5 million in sales tax revenue and more than $40 million in property tax revenue, according to company projections. ExxonMobil would focus on providing supplier opportunities specifically to North Baton Rouge businesses.
For more information visit corporate.exxonmobil.com