Valero agrees to buy former LyondellBasell Houston refinery for $320.5 million

Bitget2026/10/30 10:30

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Valero agreed to acquire all equity interests in LYB Houston Hub Holdings from LyondellBasell for $320.5 million, subject to closing adjustments.
Closing is expected by the end of 2026.
The target indirectly owns a roughly 700-acre former refinery adjacent to the buyer's Houston refinery on the Houston Ship Channel.
Initial restart plans target 165,000 barrels per day of light sweet crude processing capacity by year-end 2027.
The acquisition provides an opportunity for future investment in high-complexity, heavy sour crude processing.

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. Valero Energy Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20261029912737) 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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Valero agrees to buy former LyondellBasell Houston refinery for $320.5 million

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