CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
Open platformOpen platform

Valero agrees to buy former LyondellBasell Houston refinery for $320.5 million

By Public Technologies
  • Valero agreed to acquire all equity interests in LYB Houston Hub Holdings from LyondellBasell for $320.5 million, subject to closing adjustments.
  • Closing is expected by the end of 2026.
  • The target indirectly owns a roughly 700-acre former refinery adjacent to the buyer's Houston refinery on the Houston Ship Channel.
  • Initial restart plans target 165,000 barrels per day of light sweet crude processing capacity by year-end 2027.
  • The acquisition provides an opportunity for future investment in high-complexity, heavy sour crude processing.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Valero Energy Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20261029912737) on October 30, 2026, and is solely responsible for the information contained therein.

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk