Exxon pledges to invest $20 bln on new manufacturing capacity

ExxonMobil has pledged to invest $20 billion over a 10-year period to expand its manufacturing capacity.
By Staff reporter 7 March 2017 0 24586

ExxonMobil has pledged to invest $20 billion over a 10-year period to expand its manufacturing capacity.

The company plans to build and expand refineries, chemical facilities and LNG plants along the Gulf coast. The plan is focused mostly on creating projects to export oil and gas, Exxon’s chairman and chief executive, Darren Woods, said at the CERAWeek conference in Houston on Monday.

“The projects, at 11 proposed and existing sites, are expected to generate thousands of new high-paying jobs and $20 billion in increased economic activity in...

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