BATON ROUGE – Gouv. John Bel Edwards and ExxonMobil Baton Rouge refinery manager David Oldreive announced on June 9 the company’s final investment decision for more than $ 240 million in capital improvements at the ExxonMobil Baton Rouge refinery . The series of projects will improve processing capacity, increase flexibility to meet market demand, advance the site’s overall competitiveness, and install technology for an expected 10% reduction in volatile organic compound emissions.
The projects will maintain 1,300 existing jobs at the refinery, and ExxonMobil estimates the upgrades will support more than 600 on-site construction jobs over three years. The investment will also provide more than 20 full-time employment opportunities for graduates of the North Baton Rouge Industrial Training Initiative, a collaborative program led by ExxonMobil in 2012 to provide fast and free crafts training. to residents of the community.
“We are delighted with ExxonMobil’s decision to move forward with this important series of projects,” said Edwards. “For more than a century, the ExxonMobil Baton Rouge refinery has fueled the economy of our state and our nation. These latest capital upgrades will continue to position ExxonMobil’s integrated refinery and chemical complex here in Baton Rouge as one of the most innovative and competitive energy sites in the world.
Construction on the project is expected to begin later this year. According to Dr. Stephen Barnes, director of the Kathleen Babineaux Blanco Public Policy Center at the University of Louisiana at Lafayette, direct, indirect and induced jobs resulting from the construction of the project will total 2,030 in Baton Rouge by 2023. Direct revenues property tax is expected to reach $ 43 million over the life of the project.
“Louisiana and the community of Baton Rouge have helped make this series of projects a reality by providing strong support and the opportunity to collaborate to ensure this investment benefits our citizens and local businesses,” said Oldreive. “With this investment, we will reduce the facility’s volatile organic compound emissions by up to 10% while delivering direct value to the community through increased tax revenues and job opportunities for local residents.” and various small businesses. ExxonMobil has made significant progress in reducing emissions globally and expects further reductions in greenhouse gas emissions by 2025. “
To secure the investment, Louisiana Economic Development provided ExxonMobil with the Complete Workforce Solutions of FastStart® LED, ranked # 1 in workforce training programs in the United States over the past years. Last 11 years. The company will also use the state’s industrial tax exemption program.
In addition to supporting the North Baton Rouge industrial training initiative, ExxonMobil will focus on providing vendor opportunities specifically to North Baton Rouge businesses.
“ExxonMobil is an economic engine in East Baton Rouge, supporting thousands of residents with quality jobs, strategically partnering with local businesses for supply needs and injecting millions of dollars into utilities,” said Mayor-President Sharon Weston Broome. “I am delighted to hear that this investment has been approved and look forward to seeing the economic return to support employment, contribute to our tax base and revitalize local businesses. “
After a breakthrough in 1909 in Baton Rouge, the ExxonMobil refinery grew to be part of a globally integrated refining and petrochemical complex providing fuels, lubricants and wax products to customers around the world. whole.