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LyondellBasell Industries is delaying plans to close its Houston refinery by the end of 2023. The company cites favorable performance at the operation, which has started to turn a profit after years of underperformance, and now plans to shutter the unit by the first quarter of 2025. LyondellBasell says that it still aims to convert the site into a hub for sustainability projects, such as plastics recycling, and that it is also considering green and blue hydrogen production at the complex.
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