Valero to acquire former LyondellBasell Houston refinery site for $320.5M

Valero Energy, through subsidiary Valero Refining-Texas, has agreed to acquire the former Houston Refinery site and associated assets from LyondellBasell for $320.5 million. Valero will assume site operations, environmental liabilities, pension costs and employee obligations, with the deal expected to close in Q4 2026 pending regulatory approvals. Valero plans to initially restart 165Kb/d of light sweet crude processing capacity by year-end 2027.

Detected & updated continuously · Source: Nebula