Business
Originally published on Fri June 1, 2012 9:04 am
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DAVID GREENE, HOST:
NPR's business news starts with a new, multibillion-dollar chemical plant.
(SOUNDBITE OF MUSIC)
GREENE: Exxon Mobil plans to build a huge chemical facility in Baytown, Texas. It reverses a company statement last year that said it has no plans for new chemical factories in the United States. According to Reuters, decades-low natural gas prices made the move too enticing to pass over. Natural gas is a key fuel in chemical production. By using its own natural gas, Exxon Mobil can run a chemical plant relatively cheaply.
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