ExxonMobil (XOM +0.8%) plans to invest more than $200M to expand two Louisiana chemical and...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

ExxonMobil (XOM +0.8%) plans to invest more than $200M to expand two Louisiana chemical and lubricant plants, and work will begin at the end of this year. The project would make XOM's Baton Rouge plant the world's largest producer of finished lubricants used in motor oils, gear oils and greases; the expanded plant will replace an existing facility in New Jersey.