Valero to Acquire Former Houston Refinery from LyondellBasell
Valero plans to restart 165,000 BPD of throughput capacity by year-end 2027.
Story updates
10:25:16 AM UTC
SquawkNews
Valero Energy Corporation (NYSE:VLO, “Valero”) announced today that its wholly owned subsidiary, Valero Refining-Texas, L.P., entered into a definitive agreement to acquire all the outstanding equity interests of LYB Houston Hub Holdings LLC (“LYB Houston”) from a subsidiary of LyondellBasell Indus…
10:26:28 AM UTC
SquawkNews
Valero agreed to acquire all equity of LYB Houston Hub Holdings LLC from Lyondell for $320.5M, subject to approvals, with closing expected by end-2026. Valero expects to restart about 165,000 BPD of light sweet crude capacity by year-end 2027.Material DetailsContext by AI AnalystThis is a strategic…
10:33:31 AM UTC
SquawkNews
Valero Energy agreed to acquire a former Houston refinery facility for $320.5 million, with plans to restart 165,000 barrels per day of capacity by year-end 2027.Key Highlights:Original SEC Filing: VALERO ENERGY CORP/TX [ VLO ] - 8-K - Oct. 30, 2026This is an AI-powered summary. It may contain inac…