Exxon Mobil Corporation will invest $215 million to expand its Baton Rouge Chemical Plant and Port Allen Lubricants Plants in Louisiana, hiring 45 additional employees and creating an estimated 390 indirect jobs.
The firm plans to increase its capacity for synthetic lubricant manufacturing, blending, packaging and storage. The expansion will include a capital investment to expand operations, modernize equipment and construct a state-of-the-art blending center for synthetic aviation oil in Port Allen, La. LED estimates the manufacturing project also will retaining 2,607 existing jobs associated with the ExxonMobil Chemical Plant and Lubricants Plant operations in the region.
Gov. Bobby Jindal said, "We're proud that ExxonMobil chose to expand right here in our state because of our world-class energy infrastructure, strong business climate, and incomparable workforce. This announcement shows our strong commitment to retaining and growing existing Louisiana businesses."
"The new aviation lubricants blending center reflects our continuing commitment to a safe and reliable supply of aviation and other lubricant products," said Julius Bedford, manager of ExxonMobil's lubricant blending plant in Port Allen.
"ExxonMobil continues to invest in its operations in Louisiana," said Paul Stratford, manager of the Baton Rouge Chemical Plant. "Over the past three years, the corporation's capital expenditures in the state exceeded $930 million. These investments help create jobs and contribute to the economic growth of the state and the region."
As an incentive the state will provide Exxon with a Modernization Tax Credit valued at $1.8 million and payable over five years, along with the customized workforce solutions of LED FastStart. In addition, ExxonMobil is expected to utilize Louisiana's Enterprise Zone and Industrial Tax Exemption incentive programs.
"I am excited about the expansion," said Parish President Riley Berthelot of West Baton Rouge Parish. "We're glad to see our plants in West Baton Rouge continue to grow, and it's always exciting news when we see that take place."