Port to borrow funds to help Chevron

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News,Business

PASCAGOULA, Miss. (AP) — The Port of Pascagoula will borrow up to $5 million for upgrades to a Bayou Casotte wharf to aid Chevron with importing mixed xylenes.

The Mississippi Press reports (http://bit.ly/1kj1x0l) Jackson County supervisors approved the plan Monday.

Port director Mark McAndrews says after renovations, the wharf will be better able to handle liquid bulk from barges.

McAndrews says the facility can't currently accommodate deep-draft vessels.

Chevron intends to bring in about 400,000 tons of xylene each year.

Chevron has said the mixed xylenes go into making paraxylene, a basic material used to manufacture may plastics, containers and packaging, films and upholstery and clothing fabrics.

With Chevron's congested waterfront, McAndrews says the company may also choose to route other products to the upgraded terminal.

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Information from: The Mississippi Press, http://www.gulflive.com

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