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Business Development Update - Issue 79 - December 12, 2022

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A publication of Bay Area Houston Economic Partnership

Issue 79 – December 12, 2022

www.bayareahouston.com

In this Edition... Commercial/Office/Industrial Development Retail / Hospitality Development Residential Development Infrastructure News and Everything Else! Bay Area Houston Economic Partnership (BAHEP) is a member-driven organization that provides leadership to stimulate regional economic development and employment in a range of industries such as specialty chemicals and plastics, advanced manufacturing, maritime, aviation, aerospace engineering, healthcare and biotechnology, and tourism. BAHEP partners with 280 member companies, 16 cities, Galveston County, Harris County, Houston Airport System, and Port Houston in southeast Texas to foster economic vitality through regional collaboration.

Please feel free to pass this e-newsletter along to others who would enjoy it, and kindly credit Bay Area Houston Economic Partnership.

Commercial / Office / Industrial Development Manufacturing -Chevron will increase the capacity to process light crude at the Pasadena refinery by nearly 15% to 125,000 barrels a day. The $400M project will expand Chevron’s Gulf Coast refining system and help supply a portion of their retail market in Texas and Louisiana. Chevron to Expand Pasadena Refinery - Connect CRE OxyChem plans to modernize and expand its chlor-alkali production unit on Independence Pkwy. The $1.1B project will have significant effects on production capacity and efficiency, and the improvements will also reduce its carbon intensity. OxyChem gives green light to $1.1B Deer Park chlor alkali expansion - Houston Business Journal (bizjournals.com) and OxyChem plans $1.1 billion expansion of Houston-area complex (houstonchronicle.com)

Houston Spaceport news -Collins Aerospace, a division of Raytheon Technologies, moved in to its new 120,000 SF facility at the Houston Spaceport in early September. The company will develop and test new spacesuits to make it safer for astronaut travel in the coming years. There is also a 10,000 SF incubator space for universities, tech startups, and colleges to solve complex space technology challenges. Lunar Mars Immersive Experience and Learning Center -Space Center Houston announced plans to transform a 100-acre site that will include a Lunar Mars Immersive Experience and Learning Center. The nonprofit Space Center Houston is advancing a Facilities Master Plan to support the growing need for space exploration learning and training. Two massive structures will also give the public a front row seat into the development of robotics, rovers, lunar landers, and reduced gravity systems. • The Lunar Mars facility will include simulated surfaces of the Moon and Mars as well as modular surface labs to design and test instruments and techniques for surface exploration, support testing lunar and Martian rovers on a one-mile indoor track, allow engineers and astronauts to practice working in reduced gravity and conduct emergency procedures. • An elevated exhibit hall will overlook the two surfaces, providing the public a chance to watch as astronauts prepare for missions on the lunar surface and Mars. The facility will also have modular surface


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