HomeNewsLyondellBasell Announces Delay in Refining Business Exit

You have reached your limit of free News posts.

Please sign up for one of our PREMIUM SUBSCRIPTIONS to continue your access to Global Energy Infrastructure. 

LyondellBasell Announces Delay in Refining Business Exit

5/31/2023

LyondellBasell Press Release    LyondellBasell (NYSE: LYB) today announced plans to delay its refining business exit from year-end 2023 to no later than the end of the first quarter 2025. Favorable inspections and consistent performance have given the company confidence to continue safe and reliable operations at the Houston site. LyondellBasell anticipates moderate maintenance spend to support this extension in 2023 and 2024 but remains committed to ceasing operation of its oil refining business. The extension will minimize workforce impacts as the company continues to develop future options for the site and will enable a smoother transition between the shutdown and the implementation of

LOG IN to view this news article.

Not Yet A Subscriber? Here are Your Options.

1) Sign up to receive our monthly newsletter here and gain access to all articles and resources.

2) SUBSCRIBE to Global Energy Infrastructure and gain ACCESS to premium data for the energy industry.*

 

*Access will be granted the next business day.