8-KItem 7.01 · Reg FD DisclosureItem 8.01 · Other EventsItem 9.01 · Financial Statements
Valero to Buy Former LyondellBasell Houston Refinery for $320.5 Million
Filed with the SEC on · Summarized by InvestorsBot
Valero agreed to acquire LyondellBasell subsidiary LYB Houston Hub Holdings, which owns an approximately 700-acre former refinery site adjacent to Valero’s Houston refinery, for $320.5 million subject to closing adjustments. The deal is expected to close by the end of 2026, pending customary conditions including antitrust review, and Valero plans to restart 165,000 barrels per day of light sweet crude processing capacity by year-end 2027, with potential later investment in heavy sour crude processing.