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How Will LyondellBasell (LYB) Stock React to Potential Houston Refinery Sale?

NEW YORK (TheStreet) -- LyondellBasell Industries (LYB) has retained Bank of America/Merrill Lynch to assist with the possible sale of its 263,776 barrel-per-day refinery in Houston, sources told Reuters.

This comes after the chemical company fielded inquiries from at least four potential suitors, the sources added.

The process is expected to begin after the Labor Day holiday in the U.S. in early September, Reuters noted.

LyondellBasell's Houston segment is a significant Gulf Coast refinery, which can run a large variety of crude oils, such as light...


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