ExxonMobil is flagging up plans to spend $20bn to build up energy and petrochemicals capacity on the US Gulf coast - a decision that President Donald Trump says validates his energy agenda. But the initiative merely reiterates plans already under way thanks to the US shale gas boom. "ExxonMobil is building a manufacturing powerhouse along the Gulf coast," chief executive Darren Woods said at the CeraWeek conference in Houston on 6 March. The plan, called Growing the Gulf, is focused on building refining, petrochemical, LNG and other facilities at 11 existing and proposed sites along the Texas and Louisiana coast to take advantage of cheap and abundant US oil and natural gas feedstock. The plan includes investments that began in 2013 and are expected to continue up until at least 2022.
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