LYB-LYONDELLBASELL INDUSTRIES NV

LyondellBasell to Close Historic Houston Refinery Amid Declining Demand and Cost Challenges, Initiating Layoffs by April 2025

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Friday

21 February, 2025

LyondellBasell's decision to close its historic Houston refinery marks a significant shift in the refining landscape, driven by declining fuel demand and modernization costs. As the company navigates these challenges, can strategic asset reviews and workforce relocations pave the way for future growth?

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