Chevron Corporation completed its $1.4 billion Pascagoula Base Oil Project in Pascagoula, Mississippi, creating more than 30 jobs. The facility is designed to manufacture 25,000 barrels per day of premium base oil used in products like top-tier motor oil, lubricants and greases for machinery and equipment in the commercial and industrial sectors.
“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.