Valero Refining-Texas, L.P.

Money Moves

Named buyer of the LYB Houston equity

LyondellBasell shut its Houston refinery in February 2025 and exited refining. On Friday, Valero agreed to buy the roughly 700-acre site next door for $320.5 million and restart 165,000 barrels a day of light sweet crude processing by the end of 2027.

Updated Nov 1