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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.
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.
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
“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 ...
The chemical leak at Lyondell's chemical plant in La Porte killed two workers and injured 30 others, marking one of the worst U.S. petrochemical accidents since a 2019 Texas blast prompted the ...
LyondellBasell is one of the world's largest plastics, chemicals, and refining companies serving over 100 countries. It is a global leader in the technology of polyolefins and refined products ...
Meanwhile, on a smaller scale, Lyondell Basell is spending more than $500 million to increase its ethane consumption, with projects that will increase EBITDA by $250 million to $500 million per ...
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 ...