ExxonMobil has announced plans to invest $20 billion over 10 years to expand manufacturing along the Gulf Coast.
The expansion covers 11 major chemical, refining, lubricant and liquefied natural gas projects along the Louisiana and Texas coasts.
Most of the new chemical capacity investment is geared toward export markets.
The projects are expected to create more than 35,000 construction jobs and more than 12,000 full-time jobs.
The news was applauded by Senator Bill Cassidy who termed it ":a massive investment in the communities, families and workforce of Louisiana.“
"These projects will improve our economy and bring the well-paying jobs our state and country needs," Cassidy said.