- Purchase price: $320.5 million, subject to closing adjustments.
Valero Energy Corp ($VLO) agreed to buy a former LyondellBasell refinery adjacent to its Houston refinery for $320.5 million. The deal adds 165,000 bpd of light sweet crude capacity expected to restart by year-end 2027, with future potential for heavy sour crude processing. Closing is expected by end of 2026.
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