Project Number: 20111202
Pilot Type: Retention
Status: Approved
Parcel ID: 050019 00003C
County Commission District: 09 | City Council District: 06, 08


The 15-year PILOT will help the oil refinery build a new hydrogen plant, make cooling tower additions and improve tanks and other facilities at the 70-year-old facility at 543 W. Mallory.

Valero will invest nearly $300 million in its Memphis facility to expand its operations and to retain its current workforce.


15 years

Projected New Jobs:

Not applicable

Projected Retained Jobs:


Total Jobs:


Projected Average Payroll of New Jobs:

Not applicable

Projected Average Payroll of Retained Jobs:


Annual New Direct Payroll:


Annual Retained Direct Payroll:


Total Capital Investment:

Real Property Investment:
Not applicable

Personal Property Investment:

Community Reinvestment Credit (CRC):
Not applicable

Capital Investment not in PILOT:
Not applicable

Projected Tax Revenue:


Projected Taxes Abated:

City: $12,564,290 (75%)
County: $13,199,009 (75%)

Benefit/Cost Ratio:


Projected MWBE/LOSB Spending:


Incentive Provided:


Compliance Information

Not applicable