The American Chemistry Council (ACC) has issued a statement applauding ExxonMobil Corp.’s announcement that it will be expanding its manufacturing capacity along the US Gulf Coast.
ExxonMobil’s Chairman and CEO, Darren Woods, recently confirmed that the company plans to invest US$20 billion over a 10-year period to take advantage of the US energy revolution.
Cal Dooley, ACC President and CEO, said: “We are thrilled to hear of ExxonMobil’s plans to expand its manufacturing capacity along the Gulf Coast […] Its ‘Growing the Gulf’ initiative shows the decisive role of American energy in spurring a US manufacturing renaissance, with the chemistry industry helping to lead the way.
“Plentiful supplies of energy and feedstock have made the US chemical industry one of the world’s lowest-cost producers […] Our competitive advantage has led to historic growth, with much of the new investment geared toward export markets for chemistry and plastics products.”
ExxonMobil’s ‘Growing the Gulf’ expansion programme consists of 11 major chemical, refining, lubricant and LNG projects at proposed new and existing facilities along the Texas and Louisiana coasts.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/09032017/acc-welcomes-exxonmobil-plans/