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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.
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.
HOUSTON and LONDON, Jan. 31, 2025 (GLOBE NEWSWIRE) -- LyondellBasell Industries (NYSE: LYB) today announced results for the fourth quarter 2024 and full year 2024. Comparisons with the prior quarter, fourth quarter 2023 and full year 2023 are available in the following table: Table 1 - Earnings Summary
“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 ...
Lyondell to begin closure of Houston refinery this weekend, sources say. 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 plan…
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
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 ...