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ExxonMobil plans to invest $240m in Baton Rouge Refinery in Louisiana

first_img ExxonMobil’s Baton Rouge Refinery in Louisiana. (Credit: WClarke/Wikipedia.org) Louisiana Governor John Bel Edwards revealed that oil and gas major ExxonMobil is mulling to invest over $240m at its Baton Rouge Refinery in the US state.The investment is planned to be used by the company for boosting the processing capability of the refinery, enhance flexibility for coping up with market demand, and advance overall competitiveness of the site.As part of the suite of projects, ExxonMobil also plans to install technology at the Baton Rouge Refinery for reducing its volatile organic compound emissions by 10%, said the Louisiana Governor.The planned projects are subject to final engineering, design and investment decisions with a decision to proceed to be made by the company next year.Governor Edwards said that the proposed projects at the oil refinery will retain 1,300 existing roles, while supporting over 600 construction jobs on-site over a period of three years.ExxonMobil Baton Rouge Refinery plant manager Gloria Moncada said: “This suite of projects positions our site for future investment at our refinery and chemical plants in Baton Rouge. We look forward to working with Gov. Edwards and our local community stakeholders in partnership as we move toward a final decision.”Commissioned in 1909, the Baton Rouge oil refinery is an integrated refining and petrochemical complex that produces fuels, lubricants, and wax products for customers across the world.The petrochemical complex features a refinery, plastics plant, resins plant, chemical plant, polyolefins plant, and Port Allen lubricants plant. The facilities have a combined annual production of over 3.6 billion gallons of gasoline along with billions of pounds of petrochemical products.Last year, ExxonMobil began construction on a new polypropylene plant at the petrochemical complex with an investment of over $500m. The project, which is expected to be commissioned in 2021, will double the capacity of the Baton Rouge Polyolefins Plant.Governor Edwards said: “ExxonMobil has operated in Baton Rouge for more than 110 years and has provided high-quality jobs for decades at the integrated refinery and chemical plant complex.“The 2019 announcement of the company’s decision to progress the Baton Rouge polypropylene project, combined with this potential investment, demonstrates that ExxonMobil has confidence in the future of Louisiana and in our outstanding workforce. Louisiana looks forward to working with ExxonMobil to make this investment happen.” The US oil and gas firm is planning to implement a suite of projects at the oil refinery with a decision to proceed to be taken in 2021last_img read more

Petition calling for commission to be included in furlough scheme launched

first_imgHome » News » Petition calling for commission to be included in furlough scheme launched previous nextRegulation & LawPetition calling for commission to be included in furlough scheme launchedNearly 16,000 people have already signed the petition, which highlights how commission-based salespeople are at a financial disadvantage.Nigel Lewis1st April 20201 Comment5,956 Views A petition that asks the government to include ‘on target earnings’ (OTE) income within its furlough scheme calculations is gathering thousands of signatures.The initiative has been launched after the government revealed that the calculations it uses to work out how much furloughed staff will be paid says: “Fees, commission and bonuses should not be included”.This has caused an outcry among property industry employees who rely heavily on sales commission from fees and who are now being furloughed using their basic salaries to calculate payments, which means thousands are being paid much less to live on than compared to non-commission employees, it is claimed.“It’s outrageous that [the government] is happy to take tax from our commission but not honour this in furlough payments,” says negotiator Lily Maxwell on Twitter.“I have contacted my local MP – we need to make lots of noise about this.”The petition has been started by the Independent Motor Dealers Association, which has reached out to The Negotiator to ask property industry OTE employees to help it reach 25,000 signatures.As it stands the petition has been signed by 15,396 people.“I need to get a decent pay to survive, I pay for a household on my salary and I’ve paid tax (most times 40%) on my salary. Why shouldn’t I get my commission included in the 80%,” says David Gemmell, one of the salespeople who has already signed it.Estate agencies can claim for 80% of furloughed employees’ usual monthly wage costs, up to £2,500 a month, plus the associated Employer National Insurance contributions and minimum automatic enrolment employer pension contributions on that wage.Sign the petition.Read more furloughing news. April 1, 2020Nigel LewisOne commentAndrew Stanton, CEO Proptech-PR Real Estate Influencer & Journalist CEO Proptech-PR Real Estate Influencer & Journalist 2nd April 2020 at 9:24 pmMy view, if you pay tax on it, then it is what you earn, it seems strange that sales people who are in the service industry should not have allowed the commission element of their salary included in the present government led initiative, to help as many as possible during this terrible time.I am sure that many in the real estate industry will be signing this petition, in fairness to the government, which is having to handle an industrial amount of problems, often many things that are ‘unfair’ seem to get ironed out once a spotlight is shone on them.Log in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

It ain’t bragging if you can back it up

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Mark Arnold Mark Arnold is an acclaimed speaker, brand expert and strategic planner helping businesses such as credit unions and banks achieve their goals with strategic marketing insights and energized training. Mark … Web: www.markarnold.com Details There are a lot of terrific sayings in Texas. One of them, with variations, goes like this: “It ain’t bragging if you can back it up.” Basically, this means you can wag your tongue about something (personal prowess, a skill, a job, etc.) as long as your end results justify the words. In essence, it’s the walk matching up with the talk.The saying came to mind a few days ago when I walked past a boutique in a strip mall not far from home. They were closed for lunch but a large sign was hanging proudly in the window above the door. The sign proclaimed in big, bold letters:“Come In, We’re Awesome!”While I’m not a part of the boutique’s target audience and have never shopped there, the boldness of the sign intrigued me. The owner/staff are making a pretty daring statement here. In the world of credit unions, sometimes the language describing our brand and culture is stale and technical. Phrases like “net promoter score,” “member loyalty” and “key metrics” are all well and good but don’t necessarily invoke an energetic response when it comes to culture. “Awesome,” on the other hand? That’s definitely a more spirited play on words.Now I’m going to ask you a key question. Apply the bold statement above to the current culture at your credit union. Is your brand and culture so lively, so differentiated, so lived and loved by staff every day that you could hang a similar sign on your front door? If not, why? If so, why haven’t you hung a sign like that already!?If your answer to the above question is “no,” here are some key follow-up questions to ponder regarding your credit union’s current state of culture.What words would members and employees use to describe our culture? If they’re not saying things like “awesome” what words are they using? A great way to find out how members and staff regard the status of your credit union’s culture is via a quick and easy anonymous online survey as part of a more intensive deep-dive marketing and cultural audit. While the answers to this question might be difficult to hear, it’s far better for a credit union to recognize and address cultural deficiencies now than allow the marketplace to do so in the future.What would it take to develop a culture that both staff and members do describe with such positive words as “awesome?” An investment in brand and culture, while vital, is not a Band-Aid or an overnight quick-fix. When it comes to dealing with people and culture, credit unions must be prepared to use a long-term approach. The introduction of a new brand and culture is a long haul, but well worth the effort if your credit union goes into it with the right spirit and heart.How would we measure the state of our brand and culture moving forward? As with any other major initiative, your credit union’s venture into brand and culture must be measured, monitored and compared back to (yes, that phrase again) key metrics. Too often brand and culture are maligned as being difficult, if not impossible, to track quantitatively. This is simply not the case. Credit unions that bravely sail their vessels into the swift currents of brand and culture do so with metric mile markers already in place. Some of these may be already-used measurements such as products per member, products per household, net member growth, asset size, etc. However, for something more nuanced like brand and culture, your credit union must also consider other measuring sticks that might include member and employee attitudes, product knowledge, brand knowledge and application, etc. Make no mistake; brand and culture have quantitative measurements and, critically, quantitative results (i.e.; your credit union’s bottom line).The boutique mentioned above definitely has the right idea about both developing a vibrant brand and culture and not being afraid to brag about it. However, as the saying goes, it’s not bragging if you can back it up.last_img read more