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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 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 ...
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 ...
“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 ...
It evaluated deals for LyondellBasell Industries NV's Houston refinery, with the Caribbean government of Curacao, and considered expanding its sole U.S. oil refinery. Focus: Stalled Aramco IPO ...
The United Steelworkers union is counting on clean energy projects to spur membership growth, offsetting losses at oil refining and petrochemical plants, a union official said, even if Donald ...
The single remaining refinery in Hawaii now also includes refining assets previously owned and operated as "Hawaii Refinery" by Chevron Corporation with up to 54,000 bbl/d (8,600 m 3 /d) in additional capacity. Chevron sold their Hawaii Refinery to newly formed Island Energy Services LLC in 2016, and IES sold the refining assets to Par Hawaii ...