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Petrochemicals
Lyondell may sell its Houston refinery
by Alexander H. Tullo
September 10, 2021
| A version of this story appeared in
Volume 99, Issue 33
LyondellBasell Industries is considering strategic options, including a sale, for its refinery in Houston—a move that would make it a pure-play petrochemical company. The refinery, among the largest in the US, can process 268,000 barrels of crude oil per day into fuels and chemical feedstocks. LyondellBasell says it might be a better fit in a company with a large refining system. The firm took full control of the refinery in 2006, when it bought the stake held by Venezuela-owned Citgo Petroleum for $2.1 billion.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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