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Exxon to invest 20bil in gulf cost region

Posted on 3/6/17 at 3:28 pm
Posted by Chuker
St George, Louisiana
Member since Nov 2015
7544 posts
Posted on 3/6/17 at 3:28 pm
Searched but didn't see this discussed.

Anyone know what and exactly where they plan on these projects?

quote:

Exxon Mobil Corp (XOM.N), the world's largest publicly traded oil producer, said on Monday it would invest $20 billion through 2022 to expand chemical and refining plants on the U.S. Gulf Coast.



The investments at 11 sites should create 35,000 temporary construction jobs and 12,000 permanent jobs





LINK


Not much info to be found other than this:
quote:

the projects span 11 proposed and existing sites in Texas and Louisiana.

Many of the new jobs will be high-skilled with salaries that could average $100,000 a year, he said, according to a transcript of his speech released early. Many of the projects were previously announced, including chemical and plastics projects near Houston, refining expansions in Beaumont and Baton Rouge, and a joint venture with Saudi Arabia to build a new petrochemical plant that’s tentatively scheduled for the Corpus Christi region.
Out of nearly 47,000 jobs created, 35,000 are temporary construction positions and 12,000 are full-time, permanent jobs.
This post was edited on 3/6/17 at 3:36 pm
Posted by ProjectP2294
South St. Louis city
Member since May 2007
70280 posts
Posted on 3/6/17 at 3:29 pm to
Trucknutz for everyone!
Posted by MyNameIsNobody
Member since Dec 2013
1132 posts
Posted on 3/6/17 at 3:31 pm to
quote:

The investments across Texas and Louisiana, will take advantage of cheap shale gas to make plastics and other chemicals for export. The strategy builds on prior steps Exxon and peers, including Dow Chemical Co (DOW.N), have taken in the wake of the American shale expansion, which sharply cut production costs.
Posted by LSU Coyote
Member since Sep 2007
53390 posts
Posted on 3/6/17 at 3:32 pm to
quote:

Trucknutz for everyone!


Time to upgrade!
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75198 posts
Posted on 3/6/17 at 3:32 pm to
Truck nut explosion is impeding
Posted by MightyYat
New Orleans
Member since Jan 2009
24390 posts
Posted on 3/6/17 at 3:33 pm to
Anyone that sells valves, fittings, tubing, pipe, etc, will be extremely happy to hear this.
Posted by Loungefly85
Lafayette
Member since Jul 2016
7930 posts
Posted on 3/6/17 at 3:34 pm to
Ford better step up production on F-250s to prepare.
Posted by ShoeBang
Member since May 2012
19358 posts
Posted on 3/6/17 at 3:35 pm to
quote:

Anyone that sells valves, fittings, tubing, pipe, etc, will be extremely happy to hear this.


<============

Cat can't scratch it.
Posted by TrebleHook
Member since Jun 2016
1356 posts
Posted on 3/6/17 at 3:36 pm to
Posted by The Mick
Member since Oct 2010
43109 posts
Posted on 3/6/17 at 3:38 pm to
Thanks Trump
Posted by The Egg
Houston, TX
Member since Dec 2004
79135 posts
Posted on 3/6/17 at 3:44 pm to
great news for the area, which really needs it right now.
Posted by Black n Gold
Member since Feb 2009
15409 posts
Posted on 3/6/17 at 3:44 pm to
frick yeah. Now I can get my cancer fix.
Posted by The Mick
Member since Oct 2010
43109 posts
Posted on 3/6/17 at 3:48 pm to
(not original, but I love this one...




Sooo, which pipeline are you protesting again?

Posted by Fat and Happy
Baton Rouge
Member since Jan 2013
17001 posts
Posted on 3/6/17 at 3:48 pm to
The gulf coast Ford dealerships are about to outsell the rest of the regions in the country by a huge margin.
Posted by Hammertime
Will trade dowsing rod for titties
Member since Jan 2012
43030 posts
Posted on 3/6/17 at 3:54 pm to
I'm gonna say Nissan needs to start stocking up on the Titan XD around here. They are the next big thing since they have a diesel
Posted by Modern
Fiddy Men
Member since May 2011
16877 posts
Posted on 3/6/17 at 3:59 pm to
Exxon babies are gonna be happy there's jobs waiting for them....
Posted by dcrews
Houston, TX
Member since Feb 2011
30191 posts
Posted on 3/6/17 at 4:00 pm to
quote:

Anyone that sells valves, fittings, tubing, pipe, etc, will be extremely happy to hear this.


Posted by ScrapPack
Member since Nov 2011
3707 posts
Posted on 3/6/17 at 5:28 pm to
Hope they buy Chalmette back.
Posted by TulaneUVA
Member since Jun 2005
25894 posts
Posted on 3/6/17 at 5:29 pm to
Definitely won't buy chalmette back.
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 3/6/17 at 5:46 pm to
quote:


Ford better step up production on F-250s to prepare.



Yep so should Bass, Skeeter and those trashy 5th wheel camper manufacturers.
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