LyondellBasell Industries (LYB) to Exit Refining Business

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/14/2026

1. DPZ
2. NVDA
3. BAC
4. DRS
5. GS
6. UNH
7. ORCL
8. AVAV
9. ACI
10. LMT

Go back to LyondellBasell Industries (LYB) to Exit Refining Business

LyondellBasell Announces Plans to Exit Refining Business

April 21, 2022 4:15 PM EDT

HOUSTON, April 21, 2022 /PRNewswire/ -- LyondellBasell (NYSE: LYB) today announced its decision to cease operation of its Houston Refinery no later than December 31, 2023. In the interim, the Company will continue serving the fuels market, which is expected to remain strong in the near-term, and consider potential transactions and alternatives for the site.

"After thoroughly analyzing our options, we have determined that exiting the refining business by the end of next year is the best strategic and... More