LyondellBasell Delays Cessation Of Operations At Houston Refinery Till Early 2025
Portfolio Pulse from Nabaparna Bhattacharya
LyondellBasell Industries plans to delay the cessation of operations at its Houston Refinery from the end of 2021 to no later than Q1 2025. The company expects the site to be part of a Houston regional hub for its Circular and Low Carbon Solutions business in the future.
May 31, 2023 | 4:21 pm
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LyondellBasell delays cessation of operations at Houston Refinery until Q1 2025, aiming to integrate the site into its Circular and Low Carbon Solutions business.
The delay in cessation of operations at the Houston Refinery will allow LyondellBasell to better integrate the site into its future business plans, focusing on Circular and Low Carbon Solutions. This decision may have a neutral short-term impact on the stock price, as it shows the company's commitment to sustainability and long-term growth, but also implies additional maintenance costs in 2023 and 2024.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100