The company’s Growing the Gulf expansion program, consists of 11 major chemical, refining, lubricant and liquefied natural gas projects at proposed new and existing facilities along the Texas and Louisiana coasts. ExxonMobil is to invest $ 20bn over 10 years in 11 refining and chemical manufacturing projects in the US Gulf Coast . CEO Darren Smith said the manufacturing and # ##ing expansion was possible because of the US 's cheap and abundant shale gas and oil resources , adding : " An upstream technology breakthrough has led to a downstream manufacturing renaissance . " The manufacturing programme , which started in 2013 , is expected to create more than 45,000 jobs and make products targeting markets in Asia . US exports of specific products linked to shale gas are expected to reach $ 123bn by 2030 .
ExxonMobil is to invest $ 20bn over 10 years in 11 refining and chemical manufacturing projects in the US Gulf Coast . CEO Darren Smith said the manufacturing and # ##ing expansion was possible because of the US 's cheap and abundant shale gas and oil resources , adding : " An upstream technology breakthrough has led to a downstream manufacturing renaissance . " The manufacturing programme , which started in 2013 , is expected to create more than 45,000 jobs and make products targeting markets in Asia . US exports of specific products linked to shale gas are expected to reach $ 123bn by 2030 .