Texas City Oil & Chemical Companies

Oil Companies

1908: Refinery operations begin
1909: bought by Waters-Pierce Oil Company
1909: bought by SW. Fordyce
1910: Fordyce and H. Clay Pierce formed Pierce Fordyce Oil Association, named the plant Pierce-Fordyce Oil Company
1917: renamed Pierce Oil Corporation
1924: renamed Pierce Petroleum Corporation
1929: Pierce Petroleum Refinery shut down
1930: refinery bought by Sinclair Consolidated Oil Corporation (but not put into production)
1936: refinery bought by Southport Petroleum (in production again)
1941: renamed American-Liberty Oil Company
1942: Defense Plant Corporation (DPC) units built
1944: refinery in production: operated by Southport (American Liberty Oil Company)
1947: part of the land and facilities bought by Sid Richardson
1947: remainder (the Avgas facilities) bought by Petrol Refining Inc.
1949: refinery shut down
1951: renamed Texas City Refining Inc.
1960: bought Sid Richardson refinery and terminal property
1964: one of Texas City Refining Inc. owners, the Grange League Federation, merged with Eastern States Farmers Exchange Inc. to become Agway
1965: Agway merged with another of Texas City Refining Inc.'s owners, the Pennsylvania Farm Bureau, leaving Agway and the Southern States Cooperative (SSC) as owners
1988: Phibro Refining-Texas City Inc. bought refinery and terminal assets from Agway and the SSC
1992: renamed Phibro Energy USA, Inc.
1996: renamed Basis Petroleum, Inc.
1997: bought by Valero Energy Corporation

1933: Operations begin
1954 renamed American Oil Company
1985 Standard Oil of Indiana renamed Amoco Corporation
1998 Amoco Corporation merges with BP, becomes BP Amoco PLC (Public Limited Company)
2001 BP Amoco plc renamed BP PLC

1939: Plant closed
1941: Carbide and Carbon Chemicals Corporation's (subsidiary of Union Carbide and Carbon Corporation) Texas City plant operating
1957: Union Carbide and Carbon Corporation renamed Union Carbide Corporation
2001: Union Carbide Corporation bought by Dow Chemical Company

1942: Plant begins operations in Texas City
1964: Monsanto Chemical Company renamed Monsanto Company
1986: Monsanto's Texas City plant bought by Sterling Group Inc. Sterling Group Inc. creates Sterling Chemicals Inc. to operate the plant
2001: Sterling Chemicals Inc. files for bankruptcy.
2002: Resurgence Asset Management, LLC $60 million equity investment in Sterling Chemicals Inc for holdings of 87%

1953: Phosphate fertilizer plant built
1956: Texas City Chemicals Inc files for bankruptcy
1957: bought by Smith-Douglas Company
1964: Smith-Douglas merges with Borden, Inc.
1977: facilities sold to American Oil Company
1985: American Oil Company (Standard Oil of Indiana) renamed Amoco Corporation
1998: Amoco Corporation merges with BP, becomes BP Amoco plc (public limited company)
1998: BP Amoco Chemical Company operating plant

Operations began in 1965.