Oil and gas giant ExxonMobil announced last week that it will invest more than $200 million to expand its Baton Rouge chemical and lubricants plants, which will mean increased capacity for synthetic lubricant base stocks manufacturing and lubricants blending, packaging and storage.
According to Exxon, the expansion will boost the company’s worldwide capacity of synthetic esters and alkylated naphthalene by more than 25%, making Exxon’s Baton Rouge chemical plant the world’s largest producer of these two products, the company claims.