WASHINGTON—Today, ExxonMobil announced plans to invest $20 billion to expand manufacturing in the US Gulf Region. New projects are expected to create more than 45,000 high –paying jobs across the region and thousands more through the multiplier effect.
“This is a massive investment in the communities, families and workforce of Louisiana,” said Senator Cassidy. “These projects will improve our economy and bring the well-paying jobs our state and country needs.”
Background Provided by ExxonMobil Below:
- ExxonMobil is planning to invest $20 billion over 10 years to build and expand manufacturing facilities in the U.S. Gulf area.
- Projects are expected to create more than 35,000 construction jobs and more than 12,000 full-time jobs.
- Full-time manufacturing jobs are mostly high-skilled and high-paying, and have average annual salaries around $100,000.
- Expansion project covers 11 major chemical, refining, lubricant and liquefied natural gas projects along the Texas and Louisiana coasts.
- Most of new chemical capacity investment in the Gulf region is geared toward export markets, which improve the United States’ balance of trade.
- ExxonMobil is committed to protecting safety and the environment and maintaining the highest levels of operational integrity.
- Smart and stable tax, regulatory and trade policies are critical to ensuring that U.S. manufacturing can continue to grow.
- Recently completed, the 90,000 square foot state-of-the-art aviation lubricants blending, packaging and distribution facility ships products worldwide.
- Sulfur Expansion Project increases raw material flexibility and capacity for the refinery, and decreases site sulfur emissions