
LyondellBasell Postpones Oil Refinery Exit
In December, LyondellBasell announced plans to close its Houston refinery by year-end 2023, but the company has decided to extend the business exit to no later than the end of the first quarter 2025. Positive inspections and consistent performance have given the company confidence to continue safe and reliable operations at the Houston, TX, site. LyondellBasell anticipates moderate maintenance spend to support this extension in 2023 and 2024 but remains committed to ceasing operation…