In-the-Know with Thomas Brinsko: Mergers, downstream expansions and more

This weeks top news covered by BIC Alliance, President, Thomas Brinsko. 

Read the full articles here: 

• Chevron completes acquisition of Pasadena Refining System

Chevron U.S.A. Inc. has completed the acquisition from Petrobras America Inc. of all the outstanding shares and equity interests of Pasadena Refining System, Inc. (PRSI) and PRSI Trading LLC for $350 million, excluding working capital.

• ExxonMobil to invest $2B to expand Baytown chemical expansion project

ExxonMobil said that it will proceed with a $2 billion investment to expand its Baytown, Texas chemical plant, which will create approximately 2,000 jobs during construction.

• Downstream growth initiatives in Texas

What follows is a list of projects throughout Texas that can somehow be traced back to the availability of abundant "home-grown" oil and natural gas.

• Industrial Procurement Forum

Save the date: June 18th