LyondellBasell Industries NV logo

LYB - LyondellBasell Industries NV News Story

$107.2 -0.4  -0.3%

Last Trade - 19/04/21

Sector
Basic Materials
Size
Large Cap
Market Cap £25.63bn
Enterprise Value £35.37bn
Revenue £19.85bn
Position in Universe 358th / 6849

UPDATE 1-Lyondell preparing to restart Houston refinery by early next week -sources

Fri 26th February, 2021 3:12am
(Adds no immediate comment from company, previous statement,
details on small CDU, details from shutdown)
    HOUSTON, Feb 25 (Reuters) - Lyondell Basell Industries
 LYB.N  is preparing to restart its 263,776 barrel-per-day (bpd)
Houston refinery by early next week, said four sources familiar
with plant operations.
    The refinery plans to restart over the weekend the
147,000-bpd Unit 537 crude distillation unit (CDU), which was
shut on Tuesday to repair the refinery's cooling water system,
the sources said. 
    Lyondell did immediately reply to a request for comment. 
    The company said on Tuesday that power had been restored to
all of its Gulf Coast plants including the Houston refinery
repairs for damage from the severe cold weather that arrived on
Feb. 14 were underway. 
    The company may also restart next week the 120,000 bpd 536
CDU, which was shut on Feb. 1 for cleaning of carbon deposits in
unit heaters, the sources said.
    Production was shut at the refinery on Feb. 15 because of
freezing temperatures, with Unit 537 continuing to operate on
circulation, but not producing, according to the sources. 
    Lyondell was bringing up sulfur recovery units at the
refinery on Thursday, the sources said. 

 (Reporting by Erwin Seba; Editing by Tom Hogue and Uttaresh.V)
 ((erwin.seba@thomsonreuters.com; +1 832 746 4269; Reuters
Messaging: erwin.seba.thomsonreuters.com@reuters.net))
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