August 22, 2008

Chevron Submits Permit Application to Build Base Oil Manufacturing Plant

Chevron, an integrated energy company, has submitted an environmental permit application to the Mississippi Department of Environmental Quality for the construction of a premium base oil facility at the company's Pascagoula refinery.

The facility is expected to produce approximately 25,000 barrels per day of premium base oil for use in manufacturing lubricants, such as motor oils for consumer and commercial uses. Construction is anticipated to begin in early 2009 and conclude in 2011.

Dale Walsh, president of Chevron Global Lubricants, said: "Subject to obtaining the required permits and making a final investment decision, it is our intention to build this facility at Pascagoula. Demand for premium base oils is increasing in the US and around the world. These oils are the primary ingredients in the production of top-tier motor oils needed to improve fuel economy, lower tail-pipe emissions and extend the period between oil changes."