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News alert: ExxonMobil selects Baton Rouge for plant expansion worth up to $1B
Posted on 3/1/19 at 9:26 am
Posted on 3/1/19 at 9:26 am
LINK
I guess this just means that even without ITEP, what they can get away with in Louisiana is worth way more to them.
quote:
ExxonMobil has chosen Baton Rouge as the site of its long-discussed new polypropylene production unit worth an estimated $500 million to $1 billion. The company announced its final investment decision this morning, saying it will fund the expansion project at its Baton Rouge Polyolefins Plant.
Construction will begin later this year and startup is expected by 2021, with the project expected to create upwards of 600 jobs during construction and 65 permanent jobs once completed.
“Growth in feedstock supply along with the increase in global demand for chemical products continues to drive our strategic investments and expansion along the Gulf Coast,” says John Verity, president of ExxonMobil Chemical Company, in a prepared statement. “We’re well positioned to meet the demand for these high-performance products and investing further in Baton Rouge enhances our facility’s competitiveness.”
The engineering, procurement and construction contract for the project has been awarded to Baton Rouge-based Turner Industries and Jacobs Engineering, with Exon saying the companies will use local workers to design and construct the new facility.
The expansion project is a part of ExxonMobil’s broader $20 billion Growing the Gulf initiative to expand its manufacturing facilities in the U.S. Gulf region. See a video message from Baton Rouge Polyolefins Plant Manager Steve Hamilton on the announcement.
I guess this just means that even without ITEP, what they can get away with in Louisiana is worth way more to them.
This post was edited on 3/1/19 at 9:29 am
Posted on 3/1/19 at 9:28 am to TigerRob20
I thought this wasn't happening cause of cultcha
Posted on 3/1/19 at 9:28 am to jkylejohnson
Is this where we post truck nut jokes?
Posted on 3/1/19 at 9:30 am to NewIberiaHaircut
Truck nuts so heavy the bridge will collapse
Posted on 3/1/19 at 9:30 am to TigerRob20
30A stickers
30A stickers everywhere
30A stickers everywhere
Posted on 3/1/19 at 9:31 am to NewIberiaHaircut
This is good news for BR
Posted on 3/1/19 at 9:31 am to NewIberiaHaircut
quote:
Is this where we post truck nut jokes?
Someone needs to open up a truck nut stand across the street from the plant to catch the baws entering and exiting the plant
Posted on 3/1/19 at 9:31 am to stapuffmarshy
$500 million to $1 billion of a $20 billion initiative in the gulf coast region. Want to guess where the rest will go?
Posted on 3/1/19 at 9:33 am to TigerRob20
Landyn and Brailyn are set for life.
Posted on 3/1/19 at 9:34 am to TigerRob20
I starting a travel ball team. A very exclusive one. Tryouts $350. 12u Operatorz World Series here we come!
Posted on 3/1/19 at 9:34 am to TigerRob20
I still think it was a terrible idea by the school board to even test their luck on this.... And as much as I hate to say it, shite like the NYT article bashing Exxon and sticking up for the school board, might have helped us here. National perception (whether it is reality or not) matters in stuff like this.
But it seemed clear Exxon was just playing hardball. They knew LA residents would immediately panic with the "they are going to Texas now!!!".
But it seemed clear Exxon was just playing hardball. They knew LA residents would immediately panic with the "they are going to Texas now!!!".
Posted on 3/1/19 at 9:35 am to TigerRob20
It's good news.
Now BR doesng need SG tax revenues.
Thank you Mayor Broome for solving all of out problems.
Now BR doesng need SG tax revenues.
Thank you Mayor Broome for solving all of out problems.
Posted on 3/1/19 at 9:37 am to TigerRob20
All that BS about the ITEP and they had a huge expansion planned. They could afford a few tax dollars.
Posted on 3/1/19 at 9:37 am to TigerRob20
quote:
even without ITEP
Anybody that fell for Exxon's hissy fit after that decision is a fool.
Posted on 3/1/19 at 9:38 am to Grit-Eating Shin
quote:
Anybody that fell for Exxon's hissy fit after that decision is a fool.
Yep.
Posted on 3/1/19 at 9:38 am to tonydtigr
quote:
$500 million to $1 billion of a $20 billion initiative in the gulf coast region. Want to guess where the rest will go?
that's the same question i was asking myself. were were getting a larger portion then the tax exemption issue forced them to reduce expansion dollars.....
so we are getting 2.5%-5% of the money they are planning to spend in the gulf region.....
doesn't sound like much of a win.... great they are spending money, but how much better if it was $3-5B instead...
Posted on 3/1/19 at 9:40 am to tigeraddict
quote:
doesn't sound like much of a win.... great they are spending money, but how much better if it was $3-5B instead...
womp womp. can you just enjoy the news?
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