Who owns motiva port arthur

Who owns the refinery? Texas Company, which would later become Texaco, built the first processing units in Port Arthur in , coming online in This was a response to the Spindletop oil boom that started in The refinery grew over time, but really picked up steam over the last few decades. This joint venture with Texaco lasted until , when Texaco was sold to Chevron, for Chevron to be sold to Shell the next year in Image Credit: Motiva. How did it grow?

In , the refinery was selected for a second phase of modernization. The second phase of the lube base oil plant upgrade was completed in and now Port Arthur Refinery has one of the largest production volumes of lube base oil at a single location, with the highest yield of lube oil per barrel of crude input.

A final investment decision on the petrochemical units is expected to be made between the end of and the spring of , the sources said. Motiva had considered building one of the petrochemical units in Anahuac, Texas, but those plans were changed to place all of the units in Port Arthur, the sources said.

Port Arthur is 90 miles km east of Houston. Anahuac is about halfway between the two. Motiva plans to finance the proposed petrochemical expansion in part through profits from sales of lower-sulfur marine fuel that will be mandated for shippers by the International Maritime Organization on Jan. Commodities Updated. By Erwin Seba 4 Min Read. Saudi Aramco hasn't decided yet whether it would build the petrochemical projects in Port Arthur or in other locations in Texas or Louisiana, according to documents filed with the Comptroller.

Motiva filed for tax incentives from the Port Arthur Independent School District in connection to the projects in November but the documents weren't publicly accessible on the state comptroller's website until this week. Angela Goodwin, a Motiva spokesperson, said the company is "actively exploring several opportunities along the Gulf Coast. COM: How much electricity does Texas produce? No one knows.