Lyondell Refinery

[Bayouboy]

https://abc13.com/houston-refinery-lyondellbasell-news-closing-in/11777968/

This certainly will not help gas prices.

[Gulfcoastin]

Hopefully someone will buy it before closing the doors. I feel for the employees, contractors and vendors.

[tps7742]

12/23 is a long way off but the way so maybe something will come up for all involved.

[RRFishNHunt]

Worked there for 12 years before heading east down 225 where I have been for the last 10 years. Was a great place to work back then. Still have some friends there that I hope will not be affected by this....

[DaveC]

I saw "part of their carbon reduction plan" on one article.

[tps7742]

12/23 is a long way off but the way so maybe something will come up for all involved.

To correct my illiterate self.
The timeframe of closure, targeted for 12/2023 is a long time off. Hopefully something will come up for everyone employed at this location.

[louieagarcia]

I saw "part of their carbon reduction plan" on one article.

maybe on their books, but will bet some chinese operator will buy it and it'll keep cranking

[Bayouboy]

maybe on their books, but will bet some chinese operator will buy it and it'll keep cranking

That has been tried in the past with refineries and the govt blocked it. Hope it continues.

[RLB]

LHR is my biggest customer....misleading title by the media, imagine that! LHR has been sold (probably to Chevron)....the plant is NOT going to close and the 6 other Lyondell facilities are staying open. No one would shut down a 250,000 barrel refinery.

[trophy8]

LHR is my biggest customer....misleading title by the media, imagine that! LHR has been sold (probably to Chevron)....the plant is NOT going to close and the 6 other Lyondell facilities are staying open. No one would shut down a 250,000 barrel refinery.

I figured this was the case. Thanks for the info!

[Bayouboy]

LHR is my biggest customer....misleading title by the media, imagine that! LHR has been sold (probably to Chevron)....the plant is NOT going to close and the 6 other Lyondell facilities are staying open. No one would shut down a 250,000 barrel refinery.

Hope you are correct. But, it happens. There have been a number of refineries shuttered recently. Here is one Shell shut down in La.. Some may reopen as tank farms or renewable fuels facilities with a fraction of the workforce.

https://www.theadvocate.com/baton_rouge/news/article_60568896-3bc5-11eb-992d-b3420d7d144d.amp.html

https://www.theadvocate.com/baton_rouge/news/business/article_54ff85f2-2d18-11ec-af75-13fba5943b71.amp.html

240,000 bbls

[Wall_Hanger]

This has long been planned. They were going to run a process to sell the refinery in 2020 but with covid the bad no suitors. They held in and decided to finally move forward now. It will sell just not sure where it transacts. I doubt chevron buys, seems likely to go with a privately backed group that is less esg focused.