Chevron Global Refining is to invest $150 million to increase the capacity of its Mississippi located Pascagoula Refinery by 25%.

The Pascagoula expansion will result in increased gasoline production by 500,000 gallons per day. Environmental permits are in place and the $150 million construction of the new Pascagoula Refinery’s Fluid Catalytic Cracking Unit (FCCU) will begin next month. Completion is expected in late 2006.

We are pleased to see significant investments being made here that help the Pascagoula Refinery maintain its long term viability and competitiveness, Chevron Global Refining president Jeet Bindra said. This FCC Project will upgrade the unit’s technology, resulting in improved reliability and energy efficiency.

The Pascagoula Refinery is Chevron’s largest wholly owned petroleum refinery processing an average 325,000 barrels of crude oil a day and producing a variety of products including 5 million gallons of gasoline a day. The new investment at Pascagoula takes Chevron’s total expenditure on the refinery to over $2 billion.