The project will increase the depth of the oil processing at the refinery by 2016 to 85%.
Some fear that the project will increase traffic and hurt local businesses.
The project would increase the town's population of 8,800 by 10 percent.
But opponents say the project could increase the hazard to pedestrians.
The project will increase the terminal capacity from 3 to 7.5 million passengers annually.
The council reported that the project has increased the number and diversity of marine species.
The $11 million project will increase the elementary school building's size to 55,000 square feet from 41,000.
The project will also increase the number of boarding platforms from two to four.
The project will increase the shopping district by about 20 percent.
These projects, if successful, could increase the company's production as much as 10 percent a year through 2010.