BATON ROUGE, La. (February 4, 2013)—Texas-based Genesis Energy said Monday it is expanding its presence in the Baton Rouge, La., area, with plans to build a crude oil pipeline that will connect to ExxonMobil's refinery.
The Houston-based company, which supports refinery and chemical operations with pipeline transportation, supplies and logistics, announced the $125 million project Monday.
Construction is scheduled to begin this year, and completion of the full project is 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.