To support the project, the state of Louisiana offered ExxonMobil a competitive incentives package that includes participation in the Retention and Modernization Program, which provides manufacturers up to a 4% refundable tax credit of the amount of qualified expenditures. The company is also expected to utilize the state’s Industrial Tax Exemption Program.
“Through the strengthening of the domestic supply chain, this upgrade is yet another example of how Louisiana is at the forefront of the American manufacturing renaissance. Thank you to ExxonMobil for its reinvestment in Louisiana, and we look forward to many more years of prosperity and partnership ahead" said Louisiana Economic Development Secretary Susan B. Bourgeois.
The highly complex microchip manufacturing requires isopropyl alcohol with an extremely high purity level – 99.999% pure. Kate Lightfoot, Baton Rouge Complex Chemical Plant Manager said, “With this investment, we’re enhancing one of our legacy chemical products to meet growing demand in the tech industry.”
The facility is located at the company’s Baton Rouge Complex in the legacy chemical plant. The project will help retain existing jobs, create approximately 45 construction jobs and is expected to be completed in 2027.