LyondellBasell Plans to Retain Houston Refinery After Asset Review

LyondellBasell said on Thursday that it would retain its Houston-area refinery following a review of strategic options for the business.

"During the normal course of business it is not unusual for a company to periodically review its asset portfolio," said Michael Waldron, vice president of corporate communications for LyondellBasell. The refinery has the ability to process 264,000 barrels a day of crude.

(Reporting By Jessica Resnick-Ault)