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Pasadena Refining Systems Inc

Company Summary

Description

Pasadena Refining System, Inc. refines and markets petroleum products. It offers petrochemical feedstock with a related crude oil. The company also offers gasoline desulfurization activities. Pasadena Refining System, Inc. was formerly known as Crown Refinery. The company was incorporated in 2004 and is based in Pasadena, Texas. As of July 2, 2012, Pasadena Refining System, Inc. operates as a subsidiary of Petrobras America, Inc.

Website

http://www.bloomberg.com/research/stocks/private/s...

Related Entities

Company Transactions

Date: 3/30/2019
Type: Acquisition

BUYERS:
  • Chevron Corporation
    • SELLERS:
  • Petrobras
  • Pasadena Refining Systems Inc
  • PRSI Trading Company
    • ASSETS:
  • Chevron Pasadena Refinery
    • DETAILS:

    COST: 350 $MM

    NOTES:
    Chevron signed a share purchase agreement with Petrobras to acquire all the outstanding shares and equity interests of Pasadena Refining System, Inc., which includes the refinery in Pasadena, Texas and PRSI Trading, LLC for $350 million.
    REGIONS:
  • Houston Ship Channel