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Baton Rouge considered for $240 million Exxon refinery project

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 in News Source: WBRZ TV Share: 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.

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