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Home Finance Valero Buys LyondellBasell’s Shuttered 700-Acre Houston Refinery Site for $320.5MM, Targets 2027 Restart
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Valero Buys LyondellBasell’s Shuttered 700-Acre Houston Refinery Site for $320.5MM, Targets 2027 Restart

November 2, 20263 Mins read3
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San Antonio-based Valero Energy has agreed to pay $320.5 million for the subsidiary that owns LyondellBasell's idled 700-acre refinery along the Houston Ship Channel, taking on its environmental and pension obligations and betting it can bring 165,000 barrels a day of capacity back online by the end of 2027.

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