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Baton Rouge considered for $240 million Exxon refinery project
3 months 3 weeks 4 days ago
Wednesday, December 16 2020
Dec 16, 2020
December 16, 2020 6:20 PM
December 16, 2020
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Source: WBRZ TV
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BATON ROUGE – Amid a tumultuous job market and concerns over falling oil prices, ExxonMobil announced Wednesday, it is considering a $240 million upgrade at its Baton Rouge refinery and will solicit tax incentives to facilitate the project.
The incentives, which have been the focus of some controversy in Baton Rouge recently, are known as the Industrial Tax Exemption Program or ITEP. Business groups are in favor of the tax exemption program, which industries request when planning and funding high-dollar buildouts. In January 2019, the program was the focus of scrutiny in Baton Rouge.