ExxonMobil to Expand High-Performance Synthetic

New Post Public Reply Private Reply Replies (0) Message Board
Stock Buff

ExxonMobil to Expand High-Performance Synthetic Lubricants Capacity in Louisiana

  • New facilities to include synthetic base stocks manufacturing and finished lube blending and packaging
  • More than $200 million investment to meet expected growth in product demand
  • Project will create construction and full-time jobs
Thursday, September 27, 2012 3:35 pm EDT

Dateline:

BATON ROUGE, La.

Public Company Information:

NYSE:
$XOM

BATON ROUGE, La.--( BUSINESS WIRE )-- ExxonMobil is investing more than $200 million to expand its Baton Rouge chemical and lubricants plants to increase capacity for synthetic lubricant base stocks manufacturing and lubricants blending, packaging and storage.

The expansion will increase ExxonMobil’s worldwide capacity of synthetic esters and alkylated naphthalene by more than 25 percent to meet the demand for high-performance lubricants made with these advanced products. The project will include construction of a state-of-the-art blending center for synthetic aviation oil at ExxonMobil’s lubricant blending plant in Port Allen, La.

"ExxonMobil continues to invest in its operations in Louisiana,” said Paul Stratford, manager of the Baton Rouge chemical plant. “Over the past three years, the corporation’s capital expenditures in the state exceeded $930 million. These investments help create jobs and contribute to the economic growth of the state and the region.”

Construction is expected to begin in late 2012. The project will create more than 400 direct construction jobs and the facilities will provide 45 new full-time local jobs when production begins in 2014.

This expansion project will make ExxonMobil’s Baton Rouge chemical plant the world’s largest producer of synthetic esters and alkylated naphthalene, which are used by producers and marketers of a wide variety of finished lubricants that include vehicle motor oils, gear oils and greases, as well as specialized lubricants for aviation, marine and industrial applications.

The new facilities in Baton Rouge will replace ExxonMobil’s existing base stock manufacturing and aviation lubricants blending, packaging and storage operations in Edison, New Jersey, which will continue production until the new facilities in Louisiana begin operation.

“The new aviation lubricants blending center reflects our continuing commitment to safe and reliable supply of aviation and other lubricant products,” said Julius Bedford, manager of ExxonMobil’s lubricant blending plant in Port Allen, La. The 8.3-acre facility will manufacture more than 145 lubricant products and have an annual throughput of more than 90 million gallons.

The expansion, coupled with the new metallocene polyalpholefins plant under construction at ExxonMobil’s chemical complex in Baytown, Texas, positions the company to meet long-term demand growth for high-performance lubricants which deliver greater energy efficiency, improved durability and extended drain intervals.

ExxonMobil operates 32 facilities in Louisiana with an annual payroll of more than $400 million. The company’s presence in the state includes more than 11,000 employees, retirees and contractors. ExxonMobil is one of Louisiana’s largest taxpayers, paying more than $116 million in annual state and local taxes. The company also provided more than $6 million in contributions to charitable and civic organization in Louisiana last year.

More on ExxonMobil Chemical synthetic esters : Esterex™ esters add enhanced lubricating properties along with low volatility and good solubility characteristics to engine and industrial lubricant applications; Synesstic™ AN (Alkylated Naphthalene) blendstocks are outstanding base fluids and blendstocks for lubricants in a variety of automotive and industrial applications. Lubricants formulated with Synesstic AN can be more stable and higher performing.

More information about ExxonMobil’s Baton Rouge Chemical Plant is available at this link: http://www.exxonmobil.com/NA-English/PA/about...mical.aspx .

More information about ExxonMobil’s Port Allen Lubricants Plant is available at this link: http://www.exxonmobil.com/NA-English/PA/about...allen.aspx .

About ExxonMobil

ExxonMobil , the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is the largest refiner and marketer of petroleum products, and its chemical company is one of the largest in the world. Follow ExxonMobil on Twitter at www.twitter.com/exxonmobil .

Contact:

Baton Rouge, 225-977-8393
or
Houston, 281-870-6607

Exxon Mobil Corp. (XOM) Stock Research Links

XOM Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

CMS Proposal Sparks Controversy in Lab Certification

Updated Category News Views 0

A New Contender in the Battle Over Lab Standards Here's what’s heating up in the realm of clinical laboratories: A proposed shift by the Centers for Medicare & Medicaid Services (CMS) that reeks of cutting corners, if you ask the folks at the Association for Diagnostics & Laboratory Medicine (ADLM). They’re banging the drums against CMS's idea to nix the board...

Continue Reading
Artificial Stone Silicosis: A Silent Threat Unveiled

Updated Category News Views 0

The Harsh Reality Behind Artificial Stone You're slicing into your steak at a fancy dinner, and for a moment, you marvel at the countertop beneath your dish—a smooth, sleek surface that's likely made of artificial stone. But beneath that lustrous facade lurks a silent killer affecting those fabricating these countertops every day. Voices from the Frontline Recently,...

Continue Reading
QFIN Faces Class Action: Investors' Role Explored

Updated Category News Views 1

Cracks in the Facade: QFIN's Legal Mess You're cruising down the usual market lanes when—bam!—news breaks that Qfin Holdings, Inc. (NASDAQ: QFIN) finds itself hip-deep in a class action lawsuit. Seems like our pals at Schall, Brown & Schwartz LLP have thrown the gauntlet down, with claims of some serious smoke and mirrors during the March to August stretch of 2026....

Continue Reading
Coastal Financial Faces Lawsuit Over Fraud Allegations

Updated Category News Views 0

Coastal Financial Corporation, riding high on NASDAQ as CCB, now finds itself in the middle of a storm. Schall, Brown & Schwartz LLP, a firm known for its shareholder rights litigation, has thrown the gauntlet with a class action lawsuit against Coastal for suspected securities violations. We're talking about potential fibs under Section 10(b) and 20(a) of the Securities...

Continue Reading
AAI Rolls Out Agency Gauge: AI-Driven Insights Platform

Updated Category News Views 11

Bringing Artificial Intelligence to the Insurance Table Affordable American Insurance (AAI) is shaking things up in the insurance world with their new tool, Agency Gauge. Picture this: you're running an independent agency, neck-deep in data, and this AI-powered marvel swoops in and turns those confusing numbers into actionable business insights. It's like having a wise...

Continue Reading
Workday Hits High Note in 2026 Gartner Magic Quadrant

Updated Category News Views 3

Workday Secures Leadership Position In a wild ride that's left investors with whiplash in recent years, Workday (NASDAQ: WDAY) has firmly planted its flag at the top tier of the 2026 Gartner® Magic Quadrant™ for Cloud ERP Finance. This announcement out of Pleasanton, California, resonates like a victory bell for the company's finance management solutions—a mix of AI,...

Continue Reading
Taiwan Excellence Sparks Smart Automotive Innovation at SEMA

Updated Category News Views 0

Taiwan's making waves, folks, and it's not your everyday splash in the automotive pool. At SEMA 2026, Taiwan Excellence Pavilion is the place to be with its array of intelligent automotive solutions. This ain't just your run-of-the-mill car show gimmickry—it's the future rolling in real-time. Driving Innovation: From Components to Smart Systems The name of the game is...

Continue Reading
Florida Cancer Center Expands Expertise with New Oncologist

Updated Category News Views 5

Welcoming a Highly Skilled Oncologist to Fort Myers There's an old saying in the world of investing: follow the expertise. And when it comes to healthcare, especially cancer treatment, expertise can make a world of difference. Florida Cancer Specialists & Research Institute (FCS) is throwing its hat in the ring with authority, as they welcome Dr. Kelly Elleson, a surgical...

Continue Reading
BETR's Legal Clash: Investor Action Deadline Nears

Updated Category News Views 0

BETR's Woes in the Legal Spotlight Investors who’ve been keeping an eye on Better Home & Finance Holding Company—trading as BETR on NASDAQ—might wanna pinch themselves. Not every day do you see a class action lawsuit waiting on the horizon like this one. The folks over at Schall, Brown & Schwartz LLP, those wily veterans in shareholder rights litigation, are...

Continue Reading
TilePix Expands into Walmart with Nail-Free Decor Launch

Updated Category News Views 3

TilePix Makes Big Moves with Walmart TilePix is launching their new line of nail-free wall décor at Walmart—this ain’t your grandma’s wall art. This company's bringing their magnetic, nail-free wizardry to retail stores nationwide for the first time, and they’ve chosen a real heavyweight partner—Walmart. What comes in the package? Well, they’re dealing in...

Continue Reading

Top 5 Most Recently Viewed Articles

Grand Canyon Education to Unveil Q2 Earnings Details Soon

Updated Category News Views 127

Grand Canyon Education, Inc. Announces Second Quarter Earnings Grand Canyon Education, Inc. (Nasdaq: LOPE) has officially declared its plans to report second quarter earnings for the year 2025. Investors and educational stakeholders keenly await the results, which will be disclosed after the market closes on a specific Wednesday in early August. This announcement has...

Continue Reading
Stora Enso's 2024 Financial Results: Resilience Amid Challenges

Updated Category News Views 920

Stora Enso Reports Financial Results for 2024 STORA ENSO OYJ has announced the financial results for the year 2024, showcasing significant improvements despite challenging market conditions. Sales rose by an impressive 7%, reaching EUR 2.322 billion in the fourth quarter alone. This was driven by strategic initiatives aimed at optimizing operational efficiency while...

Continue Reading
Novo Nordisk Shareholders: Legal Actions and Insights Ahead

Updated Category News Views 155

Insights into Novo Nordisk and Legal Actions Novo Nordisk A/S, known for its groundbreaking work in diabetes care and hormone replacement therapies, is currently under scrutiny which has prompted enhanced legal actions. If you're an investor who has purchased shares in Novo, recent developments could impact your rights. The recent investigation by a prominent securities...

Continue Reading
BayCare Health System Recognized for Empowering Women Employees

Updated Category News Views 66

BayCare Health System Honored for Women's Workplace Empowerment BayCare Health System has recently been selected as one of the top employers for women by Great Place To Work® and Fortune magazine. This recognition, marking BayCare's fifth time on this esteemed list, highlights its commitment to fostering an inclusive and empowering workplace. Celebrating Women's...

Continue Reading
Consumers Energy Declares Preferred Stock Dividend for Investors

Updated Category News Views 131

Consumers Energy Announces Quarterly Dividend on Preferred Stock Consumers Energy, a key subsidiary of CMS Energy, has recently declared its quarterly dividend on preferred stock. This announcement is significant for shareholders who look forward to the financial benefits linked to their investments. Dividend Payment Details The upcoming dividend is set to be paid on...

Continue Reading