https://www.live-feeds.com/feed/oil-giant-buys-shuttered-houston-refinery-for-320m-to-restart-plantContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-giant-buys-shuttered-houston-refinery-for-320m-to-restart-planthttps://www.live-feeds.com/feed/oil-giant-buys-shuttered-houston-refinery-for-320m-to-restart-plant#u181501Fri, 06 Nov 2026 14:16:38 +0000Valero Energy Corporation has agreed to purchase LyondellBasell Industries' shuttered Houston refinery for $320.5 million, with plans to bring the plant back online by the end of 2027. The deal includes acquiring LYB Houston Hub Holdings LLC through a wholly owned Valero subsidiary. The acquisition encompasses an approximately 700-acre facility located on the Houston Ship Channel adjacent to Valero's existing Houston refinery. The transaction aims to restore 165,000 barrels per day of throughput capacity, offering an opportunity to invest in high-complexity, heavy sour crude processi