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Exxon Mobil Mulling Multibillion-Dollar Gulf Coast Expansion
Exxon Mobil Corp. is thinking about implementing a multibillion-dollar expansion of its U.S. Gulf Coast facilities. If the energy giant moves forward on its plans, it could double the region’s light crude refining capabilities, which would, in turn, mean its Beaumont, TX location would be the largest refinery in North America. The expansion would begin in 2019 and generate 1,850 temporary construction jobs.
The potential investment would be in addition to the $20 billion Exxon Mobil has already committed to new Gulf Coast refineries, as well as chemical and export facilities over the next decade. The Gulf Coast expansion currently planned is part of a larger $50 billion U.S. strategy, during which the company will build manufacturing plants over the next five years.
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