ExxonMobil’s $2 Billion Baytown Chemical Plant Expansion Continues Permian Basin Growth

URLhttps://www.industryweek.com/companies-executives/
SourceIndustryWeek
Date Published05/02/2019
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Exxon Mobil Corp.
Parent companyExxonMobil Corp
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):45000
Year reshoring announced:2017
Year reshoring implemented or to be implemented:2022
Capital investment ($):2000
City reshored to:Baytown
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredpetrochemicals
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Infrastructure, Proximity to customers/market, Raw Materials Cost, Under-utilized capacity
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