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Dive Brief:
ExxonMobil said it will invest more than $100 million to expand its Baton Rouge, Louisiana, plant to make cleaning solutions used in semiconductor manufacturing.
The petrochemical giant plans to upgrade the Baton Rouge chemical facility to start producing high-purity isopropyl alcohol by 2027 to meet growing chip demand in the United States.
The project will help retain hundreds of existing jobs and create approximately 45 construction jobs, according to a news release. The state of Louisiana offered tax incentives, including a 4% refundable credit for expenses, to support the investment.