In local economic news:

Ascension and St. James parishes are in the running for a “world-scale” petrochemical complex that ExxonMobil Chemical Co. and the Saudi Basic Industries Corp. are considering building in either Louisiana or Texas. According to a report from the Advocate, the company is working with state and local governments to identify a site and has met with officials in both parishes already. If developed, the Gulf Coast joint venture project would be located near natural gas sources as a feedstock and include a world-scale steam cracker and derivative units. No price tag or timeline were disclosed by the companies. It’s not clear when a decision could be reached but the project stands to creating hundreds of jobs if it lands in Louisiana.

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