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The Magnolia Refinery played a key role during World War II as it stepped up production and shipped oil globally. [7] By 1959, the operations of the Magnolia Oil Company had been merged entirely into SOCONY Mobil. [6] The refinery further in the ensuing decades to becomes Beaumont's largest employer and eventually Mobil's largest refinery by ...
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In July 2013 Western Refining hoped to raise $287.5 million in a public stock offering for its recently formed pipeline and storage subsidiary, Western Refining Logistics (WNRL). The subsidiary, formed as a limited partnership, will operate, develop, and acquire terminals, storage tanks, pipelines and other logistic assets, the company reported ...
The Motiva refinery is an oil refinery located in Port Arthur, Texas. It is the second largest oil refinery in the United States. [1] The first processing units of the Port Arthur Refinery were constructed in 1902 by the Texas Company, later Texaco. The roots of this refinery can be traced to the Spindletop oil boom near Beaumont, Texas. It ...
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On August 16, 2006, Lyondell Chemical Company bought CITGO's share, and as a result, Houston Refining became a wholly owned subsidiary of Lyondell. [6] In April of 2022, LyondellBasell announced plans to close the refinery by the end of 2023. [7] The target closure date was pushed back to Q1 2025 due to a period of strong refining margins. [8] [9]
The refinery eventually will process U.S. shale oil from fields in West and South Texas, Calce said in an interview. In comparison, U.S. Gulf Coast refineries largely process medium to heavy crude.