CHEVRON PURCHASES LUBE OIL BLENDING AND PACKAGING PLANT IN CHARLESTON, S.C.
CHEVRON PURCHASES LUBE OIL BLENDING AND PACKAGING PLANT IN CHARLESTON, S.C. SAN FRANCISCO, March 11 /PRNewswire/ -- Chevron U.S.A. Products Company today announced that it purchased a lube oil blending and packaging plant and a light oil terminal located in Charleston, S.C., from BP America, the U.S.-based subsidiary of British Petroleum. Terms were not disclosed. "Acquisition of the Charleston property will fit well with the company's long-term strategies in the lubricants sector, and will allow Chevron to serve its eastern region customers through its own facility, shipping to them by rail and truck," said Dave Hoyer, president of Chevron U.S.A. Products Company. Chevron and BP applied for the transfer to the Federal Trade Commission (FTC) in September of 1991. The Commission approved their application in late February, 1992. All current employees at the facility have been offered jobs by Chevron. The Charleston facility covers approximately 38 acres and includes a lube oil blending and packaging plant capable of processing 28 to 30 million gallons per year. Also included is a 568,000-barrel-capacity light oil storage facility and a marine dock. Chevron U.S.A. Products Company is a wholly owned subsidiary of Chevron Corp. -0- 3/11/92 R /CONTACT: Jan Golon Bayles, 212-303-3833; or Bobby Boone, 404-984-3010, both of Chevron/ (CHV) CO: Chevron U.S.A. Products Co. ST: California IN: OIL SU: TNM
KD-JL -- SF007 -- 7426 03/11/92 16:01 EST
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|Date:||Mar 11, 1992|
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