School board approves Exxon tax break, pushing company closer to huge BR refinery project
1 month 3 weeks 4 days ago
Thursday, February 18 2021
Feb 18, 2021
February 18, 2021 5:16 PM
February 18, 2021
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Source: WBRZ
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BATON ROUGE – ExxonMobil’s quest for a tax break tied to a possible modernization of its local refinery was not sidelined by the EBR school board Thursday.
The board approved the tax break – known as ITEP.
In January, the Louisiana Board of Commerce and Industry backed the tax break. The EBR Metro Council will have to decide on the tax break next. The sheriff already approved it.
Exxon wants the tax breaks to compete for a quarter-of-a-billion dollar project to upgrade the refinery and make the facility more viable for the current business climate.
ExxonMobil might invest more than $240 million at its Baton Rouge, La., refinery, a Louisiana state agency reported last week.
Exxon Mobil Corp. (NYSE: XOM) might invest more than $240 million at its Baton Rouge, La., refinery, the Louisiana Economic Development (LED) department reported last week.
“ExxonMobil has operated in Baton Rouge for more than 110 years and has provided high-quality jobs for decade at the integrated refinery and chemical plant complex,” remarked Louisiana Gov. John Bel Edwards in an LED written statement emailed to Rigzone.
According to LED, the proposed suite of projects would improve the 517,000-barrel-per-day refinery’s processing capability, increase flexibility for meeting market demand, boost overall site competitiveness and install technology that would voluntarily cut volatile organic compound emissions by 10 percent. LED added the projects are pending final engineering, design and investment decisions, and the agency pointed out that ExxonMo
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The Governor of Louisiana, John Bel Edwards, has announced potential investment by ExxonMobil totalling more than US$240 million at the company’s Baton Rouge Refinery.
The suite of projects would improve processing capability, increase flexibility for meeting market demand, advance overall site competitiveness, and install technology for a voluntarily 10% reduction of volatile organic compound emissions. The projects are pending final engineering, design and investment decisions. A decision to proceed could come from ExxonMobil in 2021.
The projects would retain 1300 existing jobs at the refinery, and ExxonMobil estimates the projects would support more than 600 construction jobs on-site over three years. The investment also would provide more than 20 full-time job opportunities for graduates of the North Baton Rouge Industrial Training Initiative, a collaborative programme spearheaded by ExxonMobil in 2012 to provide no-cost, fast-tracked industrial craft trainin
ExxonMobil considers $240M upgrade at Baton Rouge refinery
ExxonMobil might invest over $240 million to upgrade its refinery in Baton Rouge, state officials said Wednesday.
The project would improve processing capability, increase flexibility for meeting market demand, advance overall site competitiveness and install technology for a voluntarily 10% reduction of volatile organic compound emissions, a news release said. The projects are pending final engineering, design and investment decisions. A decision to proceed could come from ExxonMobil in 2021, the release said.
Around 1,300 existing jobs would be retained, and ExxonMobil estimates the projects would support more than 600 construction jobs on-site over three years, the release said. The investment also would provide more than 20 full-time job opportunities for graduates of the North Baton Rouge Industrial Training Initiative, a collaborative program spearheaded by ExxonMobil in 2012 to provide no-cost, fast-tracked industri
ExxonMobil announces potential $240-MM investment to Baton Rouge refinery
12/16/2020
BATON ROUGE, La. Today, Gov. John Bel Edwards announced potential investment by ExxonMobil totaling more than $240 million at the company’s Baton Rouge Refinery. The suite of projects would improve processing capability, increase flexibility for meeting market demand, advance overall site competitiveness, and install technology for a voluntarily 10 percent reduction of volatile organic compound emissions. The projects are pending final engineering, design and investment decisions. A decision to proceed could come from ExxonMobil in 2021.
The projects would retain 1,300 existing jobs at the refinery, and ExxonMobil estimates the projects would support more than 600 construction jobs on-site over three years. The investment also would provide more than 20 full-time job opportunities for graduates of the North Baton Rouge Industrial Training Initiative, a collaborative program spearheaded by