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Chevron to test upgrading technology at Pascagoula

NEW YORK
Thu Mar 6, 2008 9:16am EST

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NEW YORK (Reuters) - Chevron Corp (CVX.N) on Thursday said it plans to build a pre-commercial plant at its Pascagoula, Mississippi, refinery to test a new heavy-oil upgrading technology.

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The company said the technology, called Vacuum Resid Slurry Hydrocracking, could significantly increase yields of gasoline, diesel and jet fuel from heavy and ultra-heavy crude oils.

Construction of the pre-commercial plant, which will have a capacity of 3,500 barrels per day, is expected to start later this year.

(Reporting by Michael Erman, editing by Gerald E. McCormick)
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