With 550 positions impacted by the refinery closure, one market expert says the company's move was a calculated one.
HOUSTON, Texas -- The future plans of the LyondellBasell refinery in southeast Houston are up in the air after the company's announcement that it will close by the end of 2023.
LyondellBasell's announcement came days after they released their plan through 2030. In it, they announced goals to"help end plastic waste in the environment, address climate change and support a thriving society." McNulty said there is still significant demand for crude oil refined products, so he does not anticipate that other refineries in the area will follow suit in the short-term.
The LyondellBasell facility has the capacity to convert 268,000 barrels of crude oil a day into transportation fuel and other products.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LyondellBasell plans to close its Houston refineryLyondellBasell, the multinational chemical company with U.S. headquarters in Houston, is getting out of the refining business, it said Thursday. The company plans to close its Houston refinery, which employs about 550 people, by Dec. 31 of next year.
Read more »
LyondellBasell announces plans to close Houston refinery'These decisions are never easy, and we understand this has a very real impact on our refinery employees, their families and the community. We are committed to supporting our people through this transition,' said Ken Lane, interim CEO of LyondellBasell.
Read more »
Masking while traveling protects you even if others don't wear them, experts sayWearing a mask reduces your risk of catching Covid from fellow passengers on subways, buses and planes, regardless of what other people do.
Read more »
NBA Teams That Can Take the Leap Next SeasonWhich franchises will follow in the Grizzlies’ and Timberwolves’ footsteps to contend in the NBA playoffs? SIChrisMannix and HowardBeck weigh in
Read more »
Pursuit in Harris County ends with 1 dead, 6 injuredOne person is dead, and six others were injured following an evening pursuit in West Harris County on Friday.
Read more »
1 killed, several injured after suspect crashes into multiple vehicles while trying to avoid deputies in NW Harris Co., authorities sayBREAKING: Authorities are responding to a crash where they say an innocent man was killed and others were injured following a chase in northwest Harris County.
Read more »