Posted on 04/19/2017 10:05:34 AM PDT by 2ndDivisionVet
The battle between Louisiana and Texas for ExxonMobil Chemical Co. and Saudi Basic Industries Corp.'s "world-scale" petrochemical complex is over, and Texas won.
The partners have chosen a site in San Patricio County, Texas, for the proposed petrochemical plant, which will provide the building blocks for polyester, anti-freeze, plastic bottles and food packaging.
Ascension and St. James parishes were among the four sites considered for the plant. The fourth also was in Texas.
The proposed multibillion-dollar investment would include an ethane steam cracker capable of producing nearly 2 million tons of ethylene a year. If built, the project would create 600 full-time jobs, 3,500 indirect jobs and support thousands more jobs during the construction phase. It also is expected to generate more than $22 billion in economic output during the construction phase and more than $50 billion in economic output during the first six years of operations.
SABIC is based in Saudi Arabia and ranks among the world’s top petrochemical companies and producer of polyethylene, polypropylene, advanced thermoplastics, glycols, methanol and fertilizers. The company operates in more than 50 countries across the world with 40,000 employees. SABIC Petrochemical Holdings U.S. owns an 11.5 percent interest in Canada-based NOVA Chemicals' olefins plant in Geismar, which can produce 1.95 million tons of ethylene a year.
Corpus Christi, Texas...
Excellent news! Think for a moment what a commitment of this magnitude says about the petrochemical and financial industry confidence in Trump.
Would have been nice for us.
Exxon has had a huge footprint in the Baton Rouge area for over 100 years, back when it was Standard Oil of New Jersey.
United States
Baton Rouge area operations
In the early 1900s, Standard Oil Company of New Jersey sought to strengthen its position in the southern United States.
After considering several locations, the company chose a location high on the bluffs of the Mississippi River in North Baton Rouge. In April 1909, Standard Oil Company of Louisiana was chartered, and by November 1909 the refinery processed its first products.
Since that time, ExxonMobil Baton Rouge has been essential to the economic, political and social landscape of the community. We provide quality jobs, provide technologically innovative products and engage with the community to make it a great place to work and live.
Operational excellence and improved energy efficiency are responsible for Baton Rouge’s ever-increasing output capacity. Our versatile integrated facilities produce gasoline, diesel, jet fuel, aviation fuel, lubricating oils and waxes. In addition, products produced at the Chemical Plant, along with the Resins Finishing, Polyolefins and Plastics plants, are used to make products people use every day, including paint, adhesives, plastic milk jugs, auto parts, plastic films, synthetic rubber, diapers and lubricants.
The Republican Party of Louisiana
FOR IMMEDIATE RELEASE
April 19, 2017
Contact: Bo Staples
225-389-4495
Exxon Mobil Chooses Texas over Taxes
Baton Rouge – This morning Exxon Mobil announced a multibillion dollar investment in San Patricio County, Texas. The petrochemical plant will be the site of the world’s largest ethylene cracker plant, and will provide the building blocks for polyester, anti-freeze, plastic bottles, and food packaging to emerging global markets. The San Patricio County site was selected over two potential sites in the state of Louisiana. This is yet another major win for Texas and a loss for Louisiana.
Once completed, the new investment will produce 600 new full time jobs, 3500 indirect jobs, as well as countless jobs during the construction of the plant. It is expected to generate more than $22 billion in economic output during construction and more than $50 billion in its first 6 years of operation.
Republican Delegation Chairman Lance Harris (R-Alexandria) said, “This is a sad day for Louisiana. What was once an attractive state for the oil and gas industry has now become a beacon of instability. The coastal lawsuits were a major warning sign that the legal environment is only getting worse. Talk of major tax changes that will cripple businesses in the state was likely the final straw.”
An owner of a small oil and gas service company, Representative Blake Miguez (R-Erath) said, “I hope this will serve as a wake-up call that we are sending a clear message that Louisiana is closed for business. This is a major disservice to the great companies that have always been here serving our communities as well as to our citizens working in the oil and gas industry. They rely on a stable environment for their livelihood.”
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Does anyone know which engineering company will do the design and construction?
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