LyondellBasell may sell its 263,777-barrel-per-day refinery in Houston at some point, CEO Bob Patel said on Wednesday. Via Reuters, Patel said during a JP Morgan webcast the refinery may be more valuable as part of a refining system than as part of a chemical company. The company later released a statement saying Patel’s comments represented a long-held view and did not mean the refinery is actively being sold.
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