LYB-LYONDELLBASELL INDUSTRIES NV

LyondellBasell Announces Closure of Historic Houston Refinery Amid Declining Fuel Demand and Plans for Layoffs Starting April 2025

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Saturday

22 February, 2025

LyondellBasell's decision to close its historic Houston refinery marks a pivotal moment in the energy sector, driven by declining fuel demand and modernization costs. As the company shifts focus towards chemical production, can this strategic pivot enhance its competitiveness in an increasingly challenging market?

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