Chevron Corporation Completes Its $1.4 Billion Pascagoula, Mississippi, Base Oil Project
08/21/2014
“Lubricants are a high growth business supporting economic development worldwide,” said Mike Wirth, Executive Vice President, Chevron Downstream & Chemicals. “The addition of the Pascagoula plant to Chevron’s base oil network enhances Chevron’s reputation as a reliable and flexible base oil supplier globally.”
Completion of this project positions Chevron as the world’s largest producer of premium base oil, nearly doubling the company’s capacity, including oils produced in Richmond, California, and a joint venture facility in Korea. Base oils from the new facility will supply customers in the United States, Europe and Latin America.
“I congratulate Chevron on the completion of this very important project and for their significant investment in the state,” Governor Phil Bryant said. “The Pascagoula Base Oil Project shows the world that Mississippi offers global companies like Chevron abundant opportunities for growth and expansion. We are extremely proud to have such an excellent facility in Mississippi, and I wish Chevron many years of successful production on the Mississippi Gulf Coast.”
“We appreciate Chevron for placing its trust in Mississippi and in our workforce,” said Mississippi Development Authority Executive Director Brent Christensen. “This project would not have been possible without the support of leadership on the local and state level, who continue to show the world that Mississippi’s collaborative spirit makes it a top destination for global companies like Chevron.”The Mississippi Development Authority provided assistance in support of the project.
Project Announcements
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Tucker Door & Trim Plans Henrico County, Virginia, Operations
04/19/2024
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024