RTTNews | Sep 8, 2021 08:52AM EDT

08:51 Wednesday, September 8, 2021 (RTTNews.com) - LyondellBasell (LYB) said the company is weighing strategic options for its Refining Segment, including a potential sale. The company is actively gauging market interest in this business with the goal of delivering the greatest value to stakeholders.

"While the Houston Refinery is a valuable, well-performing asset, we have long held the belief that it may be even more valuable as part of a larger refining system," said Bob Patel, CEO of LyondellBasell.

LyondellBasell's Houston Refinery is one of the largest refineries in the U.S., with a rated capacity to transform 268,000 barrels per day of crude oil. It is strategically located on the Houston Ship Channel and covers approximately 700 acres.

Read the original article on RTTNews ( https://www.rttnews.com/3224078/lyondellbasell-to-explore-strategic-options-for-refining-segment-quick-facts.aspx)

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