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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.
Lyondell acquires CITGO’s 41.25 percent ownership interest in LCR. As a result of this transaction, Houston Refining LP(formerly LCR) becomes a wholly owned subsidiary of Lyondell. 2007: Basell and Lyondell merge to become LyondellBasell Industries - one of the world's largest polymers, chemicals and fuels companies. 2008
In August 2006, Lyondell acquired Citgo's interest in the Lyondell-Citgo Refinery for $2.1 billion, and renamed the facility Houston Refining. [10] Chemical maker Basell Polyolefins purchased Lyondell in December 2007, creating the new company LyondellBasell Industries AF S.C.A., one of the largest chemical companies in the world at that time.
Gallogly became the chief executive officer of LyondellBasell in Houston, Texas in 2009, succeeding Volker Trautz as part of a reorganization following U.S. bankruptcy court proceedings. Gallogly guided the company out of Chapter 11 bankruptcy and successfully repositioned it as one of the world's largest refining companies and makers of ...
This is a list of oil refineries.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.
The Houston plant was authorized in 1942 as part of the United States Rubber Reserve Program, [2] and opened in 1944 operated by Sinclair Rubber. It was subsequently purchased by a joint venture of Tenneco and FMC Corporation in 1955, and the joint venture was named Petro-Tex Chemical Corporation, also known as PTC Corporation, until sold to Texas Olefins in 1984.
The board convened in September of that year in Houston, in part because the Houston area had been home to large-scale disasters like the one in 1990. [22] Since then, the next biggest industrial disaster to occur in the Greater Houston area was the 2005 Texas City refinery explosion , [ 23 ] which killed 15 people and injured 180.