Posted: Feb 4, 2013 11:13 AM
Source: Associated Press
BATON ROUGE - Genesis Energy is expanding its presence in the Baton Rouge area, with plans to build a crude oil pipeline that will connect to ExxonMobil's refinery.
The Houston-based company supports refinery and chemical operations with pipeline transportation, supplies and logistics. It announced the $125 million project Monday.
Construction is scheduled to begin this year, with completion of the full project expected in mid-2014. Gov. Bobby Jindal's office says the expansion will create 50 new jobs at Genesis, with an average salary of $80,000 a year plus benefits.
Improvements at the company's existing terminal in Port Hudson will include upgrades to its barge dock and truck station facilities and new storage capacity. The company also will construct a new 18-mile pipeline to ExxonMobil.