Valero Energy to Acquire Former LyondellBasell Houston Refinery Site for $320.5 Million

Valero Energy (VLO) has reached an agreement to purchase a 700-acre former petroleum refinery site from LyondellBasell (LYB). The transaction is valued at approximately $320.5 million. The acquired property is located in Houston and sits adjacent to Valero's existing Houston refinery operations. This strategic acquisition allows Valero to expand its footprint in a key refining hub by integrating the former LyondellBasell site into its regional assets.

By Carl Surran, SA News Editor · Seeking Alpha · October 30, 2026, 10:42 UTC

Tickers: $LYB $VLO

Topics: acquisition real estate refinery

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