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Shell Chemical and Valero projects expected to add taxable activity; Shell scheduled 2025–2027
Summary
Committee heard that Shell Chemical plans an electrification/expansion project (just under $1 billion, target 07/01/2025–12/31/2027) and Valero Services has roughly $1.5 billion in expansion work; staff said 2026 could be the first year material taxable purchases appear.
Mister White described two additional projects that could produce construction-period sales tax. On Shell Chemical he said the project—an electrification and equipment upgrade at the Norco complex—appears to be just under $1 billion with a listed start of 07/01/2025 and an estimated end date of 12/31/2027. "If those dates turn out to be correct, then calendar year 2026 should...see a good deal of additional revenue," he said.
He also listed Valero Services projects with a total project cost around $1.5 billion involving plant capacity and machinery purchases. Committee members reiterated that privately funded projects lack the same transparency as public entities, so start dates, purchases and taxable activity need close monitoring.
