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Started By
Message
re: ExxonMobil withdraws ITEP requests, future Baton Rouge expansion in question
Posted on 1/22/19 at 3:16 pm to lsu13lsu
Posted on 1/22/19 at 3:16 pm to lsu13lsu
quote:
If there is no modernization projects then the risk the refinery and its jobs leaving increases big time. That makes no sense. Other more modern plants will take over and eventually it'll make sense to just shut down here.
It's a 500K bpd facility. It's never going to shut down. But it can be sold to companies that that aren't interested in modernization and are looking for quick profit and a quick turnaround sale. There's no such thing as "modern plants take over". If a technology is profitable then it will continue to run.
1
Posted on 1/22/19 at 3:20 pm to Prominentwon
quote:
That plant is one of their biggest in the country. To think that they will sacrifice maintenance and safety over $2.9M over 10 years is laughable.
much like TBR, this post is the absolute definition of not seeing the forest thru the trees.
TBR is delusional and should be put out of their misery.
XOM likely spends $2.9 million on community projects in BR every quarter. Legit biting the hand that feeds you because you can't explain how your own budget is spent.
This post was edited on 1/22/19 at 3:25 pm
Posted on 1/22/19 at 3:21 pm to Kimist
quote:
In Alabama, education suffers because of ridiculous tax exemptions for corporations.
quote:
We just have money sitting away, doing nothing,” Singleton said of the Education Budget, which is funded largely by income and use taxes. “It’s not helping our students.”
Wrong.
LINK
Posted on 1/22/19 at 3:32 pm to MrLSU
Thanks for posting that full statement. They really nailed it with several digs and greased the wheels on where they are investing next.
Posted on 1/22/19 at 3:32 pm to Icansee4miles
quote:
ExxonMobil employees were verbally berated and booed yesterday while out in the community volunteering yesterday
Wat? Is this true?
Posted on 1/22/19 at 3:44 pm to Modern
Guys a jackass that tried to drop that bomb and provide no supporting evidence whatsoever. I’ll believe it when I see a link.
Posted on 1/22/19 at 3:51 pm to WildManGoose
quote:
The refinery and its jobs aren't going anywhere.
Other Refineries disagree with this statement.
Posted on 1/22/19 at 3:52 pm to WildManGoose
quote:
There's no such thing as "modern plants take over".
Posted on 1/22/19 at 4:05 pm to mikelbr
Well done.
When will we ever know the outcome???
When will we ever know the outcome???
Posted on 1/22/19 at 4:07 pm to fallguy_1978
The problem with many of our public schools has nothing to do with funding.[/quote]
Funding is one of the problems.
Posted on 1/22/19 at 4:13 pm to Supermoto Tiger
quote:
You don't understand how this works. XOM skips on doing a plant upgrade in EBR, but moves forward on upgrades to another facility in another state, say MS or TX. Then, when a project comes up , the different facilities bid on it and gives cost projections and they evaluate ROI. BR is no longer the better ROI and it misses out on the project. Instead, that project may go to MS or TX facility. And the snowball gets bigger and bigger...
I might not have been clear.
I was suggesting XOM is being whiny if they pulled the application without a vote without knowing if it was going to pass.
If they knew it was going to get shot down, then I understand them pulling it.
quote:
The GP Plant that just closed, got shot down a few months ago for ITEP...coincidence???
Link? I had asked in an earlier thread if that plant had any recent ITEP applications and no one could answer.
Posted on 1/22/19 at 4:16 pm to WallsAllAroundMe
quote:
the School Board separate from the Metro Council when it comes to this tax?
Correct. The school board levies taxes. The Metro Government levies taxes.
Each group gets to decide the exemption to the extend of their taxes.
It's entirely possible for the school board to reject the exemption for their taxes, and the city-parish to accept th exemption for their taxes.
Posted on 1/22/19 at 4:31 pm to MrLSU
quote:
Other Refineries disagree with this statement
Is that the previous 5th largest refinery in the U.S.?
ETA: No, it was 48K bpd. It's not comparable.
This post was edited on 1/22/19 at 4:43 pm
Posted on 1/22/19 at 4:39 pm to LSUFanHouston
quote:
Link? I had asked in an earlier thread if that plant had any recent ITEP applications and no one could answer.
there are no links because the media outlets are not reporting on it. I heard it first hand from a VERY reliable source. PLEASE, help me get someone to report on it! I was told that GP Plant requested ITEP 2 months ago and was denied.
Posted on 1/22/19 at 4:41 pm to foj1981
I don’t think NBR can get any worse. I am now rooting for St George to put the final nail in the coffin.
Posted on 1/22/19 at 4:44 pm to Supermoto Tiger
quote:
I was told that GP Plant requested ITEP 2 months ago and was denied.
Assuming that this would be a decided by the Zachary school board, I have a hard time believing this to be true.
Posted on 1/22/19 at 4:47 pm to Supermoto Tiger
quote:
I was told that GP Plant requested ITEP 2 months ago and was denied.
The initial application is to the state (which may or may not be public information - I just don't know) but once that's approved, the process calls for the local taxing authorities to have a time period to deny it. If no action is taken, it is approved. They must take action to deny.
That deny action, would require a vote in public by the board of the taxing authority if there is one. In EBR, this is at a minimum, city-parish council and school board. Even if the media is blacking out for some reason, there should be agendas/minutes that reflect the vote.
However, if it never came to a vote, then it's possible there might not be any info on it.
Edit: This might be the state approval... GP in East Baton Rouge LINK
This post was edited on 1/22/19 at 4:51 pm
Posted on 1/22/19 at 4:54 pm to wickowick
quote:
2017 Industrial Tax Exemption requests, which were recently rejected by the East Baton Rouge School Board
Boy! You guys sure showed those big evil oil execs! We've got a thriving industry here and it is called taxing the citizens, thank you very much! It's hilarious to me how BR acts like it is some kind of premium destination that businesses really want to be in. NYC and San Fran can tell a major corp to piss off and forego the jobs based on their political bent; they have actual thriving economies and can do without. BR, on the other hand, is a free talent development hub for Houston and Dallas. Serious question, how long until BR throws its hat in the ring to host an Olympics?? Hell, why not a Superbowl?
St. George is pretty much the last hope.
Posted on 1/22/19 at 5:04 pm to LSUFanHouston
Looks like GP's application was considered by the EBR Metro Council on Dec 12th, but the minutes from that meeting, I can't seem to find.
Posted on 1/22/19 at 5:06 pm to Tigerlaff
Exxon’s Baytown refinery to see big facelift
The Irving oil major started the planned shut down in January in what will be the Baytown refinery's largest improvement and maintenance program in the site's history, company spokeswoman Sarah Nordin said. The overhaul will create about 3,000 temporary contractor jobs, including mechanics, machinist and electricians.
The maintenance upgrades will allow the refinery to process lighter, sweeter crude oil, with the capability to produce an incremental 10,000 barrels per a day of jet fuel, Nordin added. Other maintenance work will improve the refinery’s environmental performance and competitiveness, she said.
Exxon Mobil is one of the most active producers in the Permian Basin, with plans to triple total daily production to more than 600,000 oil-equivalent barrels by 2025 from its operations in the Permian and and New Mexico, according to a company announcement last year. The company plans spend more than $2 billion on transportation systems to support its Permian operations.
The Irving oil major started the planned shut down in January in what will be the Baytown refinery's largest improvement and maintenance program in the site's history, company spokeswoman Sarah Nordin said. The overhaul will create about 3,000 temporary contractor jobs, including mechanics, machinist and electricians.
The maintenance upgrades will allow the refinery to process lighter, sweeter crude oil, with the capability to produce an incremental 10,000 barrels per a day of jet fuel, Nordin added. Other maintenance work will improve the refinery’s environmental performance and competitiveness, she said.
Exxon Mobil is one of the most active producers in the Permian Basin, with plans to triple total daily production to more than 600,000 oil-equivalent barrels by 2025 from its operations in the Permian and and New Mexico, according to a company announcement last year. The company plans spend more than $2 billion on transportation systems to support its Permian operations.
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