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HOUSTON (Reuters) -LyondellBasell Industries will begin the permanent closure of its 263,776 barrel-per-day Houston refinery this coming weekend, said people familiar with plant operations ...
Operating as Houston Refining, LP, LyondellBasell's Houston refinery is a 268,000-barrel-per-day (42,600 m 3 /d) refinery located on the Texas Gulf Coast in Houston that occupies 700 acres (2.8 km 2) along the Houston Ship Channel.
With 550 positions impacted by the refinery closure, one market expert says the company's move was a calculated one. LyondellBasell closing not an 'indicative' trend, observer says [Video] Skip to ...
Lyondell bought ARCO Chemical in 1998 for $5.6 billion including ARCO's entire 82.2% ownership stake. [8] In 2004, Lyondell purchased Millennium Chemicals in a stock-swap deal valued at $2.3 billion. [9] In August 2006, Lyondell acquired Citgo's interest in the Lyondell-Citgo Refinery for $2.1 billion, and renamed the facility Houston Refining ...
Lyondell is spun off from ARCO, becoming a public company listed on the New York Stock Exchange (Ticker symbol: LYO). 1990: Lyondell acquires low-density polyethylene (LDPE) and polypropylene (PP) businesses from Rexene. 1993: LYONDELL-CITGO Refining (LCR) is formed as the Houston Refinery becomes a joint venture with CITGO Petroleum ...
“Identified items” include adjustments for lower of cost or market (“LCM”), gain on sale of business, impairments in excess of $10 million in aggregate for the period and refinery exit costs. LyondellBasell Industries (NYSE: LYB) (the "company") today announced net income for the third quarter 2024 of $573 million, or $1.75 per diluted ...
Oil company Phillips 66 announced Wednesday that it plans to shut down a Los Angeles-area refinery by the end of 2025, citing market concerns. The company said it will remain operating in the state.
The Oil & Gas Journal publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. For some countries, the refinery list is further categorized state-by-state.