Lyondell to start closure of Houston refinery this | Commodities
By Erwin Seba
HOUSTON (Reuters) – LyondellBasell Industries (NYSE:) will start the everlasting closure of its 263,776 barrel-per-day Houston refinery this coming weekend, mentioned people conversant in plant operations.
Layoffs of up to 400 workers on the refinery are scheduled to start two months after the shutdown begins, the sources mentioned.
A Lyondell spokesperson didn’t instantly reply to a request for remark.
Lyondell plans to transform present hydrotreaters on the refinery web site alongside the Houston Ship Channel to be used with tools to be added after 2027 to supply plastic pellets from recycled plastic gadgets.
Lyondell mentioned in November shuttering the refinery would start in January and end in February. The company plans to close the primary of two crude distillation items (CDUs) and related coker in January. The second CDU, items fed by it and its related coker, will shut between mid and late February.
Lyondell first introduced plans to close the refinery within a yr in 2023, after failing in makes an attempt over seven years to promote it, however prolonged the timing of the closure by a yr to the primary quarter of 2025.
The Lyondell plant is the primary of two U.S. refineries deliberate for closure this yr. Phillips 66 (NYSE:) mentioned in October it is going to shutter its Los Angeles refinery by the top of 2025.
Valero Vitality (NYSE:) is reviewing the longer term of its two California refineries for potential closure, citing the state’s plans to section out gross sales of new gasoline-powered vehicles by the center of the subsequent decade.
Hydrotreaters use hydrogen to take away sulfur from motor fuels in compliance with U.S. environmental guidelines.
CDUs start the refining of by breaking it down into feedstocks for all different items on the refinery. Cokers convert residual crude oil into both feedstocks for motor fuels or petroleum coke, a coal substitute.
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