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Add as a preferred source on GoogleValero Says It Agreed to Buy Houston Refinery Site for $320.5 Million
The 700-acre property is next to Valero’s Houston refinery. LyondellBasell stopped crude processing there in early 2025.
Valero Energy Corporation said Friday it agreed to acquire a 700-acre former refinery site in Houston from LyondellBasell for $320.5 million. The property is next to Valero’s Houston refinery.
LyondellBasell stopped processing crude at the site in the first quarter of 2025. The former refinery had capacity of 263,776 barrels per calendar day, amid a broader decline in U.S. refinery capacity.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.