Valero to acquire former Houston refinery from LyondellBasell
LYB•Valero will buy LYB Houston Hub Holdings for $320.50 million, including a 700-acre facility next to its Houston refinery, and plans to restart 165,000 barrels per day of capacity by year-end 2027.
1. Acquisition details
Valero Energy Corp will buy LYB Houston Hub Holdings for $320.50 million. The acquisition includes a 700-acre facility adjacent to Valero's Houston refinery. Valero plans to restart 165,000 barrels per day of capacity by year-end 2027, and the deal is expected to close by the end of 2026.
