Texas beats out Louisiana for a $10 Billion ExxonMobil plant; thanks JBE

quote:

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The battle between Louisiana and Texas for ExxonMobil Chemical Co. and Saudi Basic Industries Corp.’s “world-scale” petrochemical complex is over, and Texas won.

The partners have chosen a site in San Patricio County, Texas, for the proposed petrochemical plant, which will provide the building blocks for polyester, anti-freeze, plastic bottles and food packaging.

Ascension and St. James parishes were among the four sites considered for the plant. The fourth also was in Texas.

The proposed multibillion-dollar investment would include an ethane steam cracker capable of producing nearly 2 million tons of ethylene a year. If built, the project would create 600 full-time jobs, 3,500 indirect jobs and support thousands more jobs during the construction phase. It also is expected to generate more than $22 billion in economic output during the construction phase and more than $50 billion in economic output during the first six years of operations.

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LINK

Elections have consequences including this one too. Thanks to Governor Honor Code and bible thumpers that voted for him.

This is what happens when you elect tax and spend, anti-business liberal democrats that only see the energy sector as a piggy bank to shake down especially with all the frivolous lawsuits he's waging against oil and gas that has only scared away new investments.

When your economy is in a downturn, the very last thing you should be doing is kicking it while its down like JBE is doing. JBE has only made it clear that energy capital is not wanted in Louisiana and frick him and his voters for it.

While Louisiana is looking to raise taxes and regulations, Louisiana’s neighbors are noticing. They’re licking their lips as they benefit.