ExxonMobil is to invest $20bn over 10 years in 11 refining and chemical manufacturing projects in the US Gulf Coast. In this way, an upstream technology breakthrough has led to a downstream manufacturing renaissance.” CEO Darren 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 2013, is expected to create more than 45,000 jobs and make products targeting markets in Asia. In an interview with Bloomberg News, Mr Woods said: "We are very excited about this project.
ExxonMobil is to invest $20bn over 10 years in 11 refining and chemical manufacturing projects in the US Gulf Coast. CEO Darren 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 2013, is expected to create more than 45,000 jobs and make products targeting markets in Asia. In an interview with Bloomberg News, Mr Woods said: "We are very excited about this project.