ExxonMobil is to invest $ 123bn over 2013 in 11 refining and chemical manufacturing projects in the US Gulf Coast . And these jobs will have a multiplier effect, creating many more jobs in the communities that service these new investments,” Woods said at a conference. CEO Woods said the manufacturing and export capacity 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 investment programme, which started in 10 years , is expected to create more than 45,000 jobs and make products targeting markets in Asia . US exports of specific chemicals linked to shale gas are expected to reach $ 123bn by 11 .
ExxonMobil is to invest $ 123bn over 2013 in 11 refining and chemical manufacturing projects in the US Gulf Coast . CEO Woods said the manufacturing and export capacity 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 investment programme, which started in 10 years , is expected to create more than 45,000 jobs and make products targeting markets in Asia . US exports of specific chemicals linked to shale gas are expected to reach $ 123bn by 11 .