31-05-2023
LyondellBasell announces delay in refining business exit
LyondellBasell today announced plans to delay its refining business exit from year-end 2023 to no later than the end of the first quarter 2025. Favorable inspections and consistent performance have given the company confidence to continue safe and reliable operations at the Houston site. LyondellBasell anticipates moderate maintenance spend to support this extension in 2023 and 2024 but remains committed to ceasing operation of its oil refining business. The extension will minimize workforce impacts as the company continues to develop future options for the site and will enable a smoother transition between the shutdown and the implementation of the retrofitting and circular projects.
One of the three pillars of the company's new strategy is to build a profitable Circular and Low Carbon Solutions business. In support of this strategy, LyondellBasell is developing future plans for the Houston refining site.
"Our plans to transform the site for future growth beginning in 2025 are aligned with our purpose of creating solutions for everyday sustainable living," said Peter Vanacker, LyondellBasell CEO. "It is exciting to have a suite of future projects in the early stages of development."
Multiple options are being evaluated including recycled and renewable-based feedstocks and green and blue hydrogen. The growth projects under development would connect to existing assets in the Houston area and use existing infrastructure on the refining site including hydrotreaters, pipelines, tanks, utilities, buildings, and laboratories. In the future, LyondellBasell expects the 700-acre refining site will be part of a Houston regional hub for its Circular and Low Carbon Solutions business and support the growth of the LyondellBasell Circulen product portfolio.
News Category:
-
ORLEN partner with Yokogawa to develop cutting-edge technology for SAF production
ORLEN and Yokogawa Europe, the regional headquarters for Japan’s Yokogawa Electric Corporation, announce they have joined forces to initiate industrial-scale production ...
22-09-2023
-
Port Arthur LNG Phase 2 receives federal energy regulatory commission authorization
Sempra Infrastructure, a subsidiary of Sempra, today announced that the Federal Energy Regulatory Commission (FERC) has approved the permit authorizing the Port ...
21-09-2023
-
Svanehøj revamps safety instrumentation at Fos Cavaou and Konkan LNG
In the fast-paced world of LNG, maintaining infrastructure integrity is vital for operational efficiency and safety. Recognizing the need to modernize outdated safety ...
20-09-2023
-
Emerson’s new engineering software accelerates plant modernization using AI
Global technology and software leader Emerson is helping customers more quickly and efficiently transition legacy technology to modern DeltaV™ automation architecture ...
20-09-2023
-
ExxonMobil expands chemical production at Baytown
ExxonMobil today announced the startup of two new chemical production units at its Baytown, Texas, manufacturing facility. The $2 billion expansion is part of ExxonMobil’s ...
19-09-2023
-
New valve stem packing design from IMI CCI makes reducing fugitive emissions EEEasy-Seal™
With valves accounting for up to 70% of fugitive emissions (FE) from plants and refineries, tackling leakage is among the biggest obstacles to US industry achieving net ...
19-09-2023
-
Simple, flexible, accurate valve adjustment with bar-agturn®
The squaring of the circle does not have to be limited to the opening angle of 90° for shut-off valves, but other rotating angles can be individually set. The bar-agturn ...
15-09-2023
-
Air Liquide aggrement for the long-term supply of green and low carbon hydrogen to TotalEnergies
TotalEnergies and Air Liquide have signed an agreement for the long-term supply of green and low carbon hydrogen to the TotalEnergies refining and petrochemical platform ...
14-09-2023
-
ConocoPhillips to further diversify Global LNG Portfolio
ConocoPhillips announced today further progress on its global liquefied natural gas strategy, signing a commercial agreement to secure additional regasification capacity ...
14-09-2023
-
TotalEnergies launches call for tenders for the supply of Green Hydrogen
As part of the drive to decarbonize its European refineries, TotalEnergies is launching a call for tenders for the supply of 500,000 tons per year of green hydrogen. ...
14-09-2023