LyondellBasell Industries (LYB) to Explore Options for Refining Business

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Go back to LyondellBasell Industries (LYB) to Explore Options for Refining Business

LyondellBasell Announces Weighing Of Strategic Options For Refining Business

September 8, 2021 7:30 AM EDT

HOUSTON, Sept. 8, 2021 /PRNewswire/ -- LyondellBasell (NYSE: LYB), today announced it is weighing strategic options for its Gulf Coast-based Refining Segment, including a potential sale.

"While the Houston Refinery is a valuable, well-performing asset, we have long held the belief that it may be even more valuable as part of a larger refining system," said Bob Patel, CEO of LyondellBasell. "To that end, we are actively gauging market interest in this business with the goal of delivering the greatest value to all our stakeholders."

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