# Valero Says It Agreed to Buy Houston Refinery Site for $320.5 Million By John Kim Canonical URL: https://www.tokenpost.com/news/business/44575 Published: 2026-10-30T11:04:17.000Z Updated: 2026-10-30T11:04:17.000Z Section: Business > 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](). ## Links in this article - [decline in U.S. refinery capacity](https://www.tokenpost.com/news/business/26684)