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ExxonMobil plans to invest $20bn on US Gulf Coast
10
Mar '17
To take advantage of the energy revolution, ExxonMobil Corporation is planning to invest $20 billion over a 10 year period, and expand production capacity along the US Gulf Coast. ExxonMobil is strategically investing in new refining and chemical manufacturing projects in the US Gulf Coast region to expand its manufacturing and export capacity.

The company’s 'Growing the Gulf' expansion program, consists of 11 major chemical, refining, lubricant and liquefied natural gas projects at proposed new and existing facilities along the Texas and Louisiana coasts.

Investments began in 2013 and are expected to continue through at least 2022 and are expected to generate thousands of new high paying jobs and $20 billion in increased economic activity. (AR)

Fibre2Fashion News Desk – India


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