Chevron Upgrades Pasadena Refinery to Increase Capacity, Feedstock and Product Flexibility
Chevron Corporation (CVX)
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Source: Business Wire
Facility increases equity Permian crude processing capacity, bolstering American energy value chain PASADENA, Texas--(BUSINESS WIRE)--Chevron U.S.A., Inc. (CUSA), a wholly owned subsidiary of Chevron Corporation (NYSE: CVX), has completed a retrofit of its refinery in Pasadena, Texas, which is expected to increase product flexibility and expand the processing capacity of lighter crudes by nearly 15 percent to 125,000 barrels per day.Chevron acquired the Pasadena Refinery in 2019 with the strategic intent to expand its Gulf Coast refining system. This project is expected to allow the company to process more equity crude from the Permian Basin, supply more products to customers in the U.S. Gulf Coast and realize synergies with the company’s Pascagoula refinery.The Light Tight Oil (LTO) Project aims to enhance facility reliability and safety and will ultimately result in an increase in the supply of refined products domestically. The refinery will also begin producing jet fuel and exp
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- 11/1/24 - Beat
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- 12/19/24 - Form 4
- 12/19/24 - Form 4
- 12/19/24 - Form 4
- CVX's page on the SEC website