LyondellBasell agrees to sell former Houston refinery site to Valero for $320.5 million

Bitget2026/10/30 10:30

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LyondellBasell agreed to sell its former Houston refinery site and related assets to Valero for $320.5 million.
Valero will assume responsibility for ongoing site operations, environmental liabilities, and pension costs and related employee obligations.
The agreement provides continued employment for the site's workforce as the seller exits a non-core asset.
The transaction is expected to close in the fourth quarter of 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LyondellBasell Industries NV published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610300625OMX_____CNEWS_EN_GNW9856587_en) on October 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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LyondellBasell agrees to sell former Houston refinery site to Valero for $320.5 million

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