https://www.reuters.com/article/refinery-sale-lyondell-houston-idUSKBN2IJ015
HOUSTON (Reuters) - Officials from independent U.S. refiner PBF Energy last week toured LyondellBasell Industries’ Houston refinery, which went up for sale in September, people familiar with the matter said on Friday.
FILE PHOTO: An aerial view of LyondellBasell-Houston Refining is seen in Houston, Texas, U.S. August 31, 2017. REUTERS/Adrees Latif
Representatives of other companies have not yet toured the 263,776 barrel-per-day (bpd) refinery located along the Houston Ship Channel, the sources said.
A spokesperson for chemical maker Lyondell declined comment on Friday.
“As a matter of policy, we do not comment on market rumors or speculation,” said Lyondell’s Kara Slaughter.
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PARSIPPANY, N.J., Dec. 23, 2021 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) announced that Paul Donahue has been elected as an independent director effective January 1, 2022.
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Thomas J. Nimbley, Chairman of the Board and CEO, commented, "We are very pleased to have Paul join the PBF Energy Board of Directors. He is an accomplished executive and leader with over 33 years of experience in finance and investing, with extensive energy industry experience and will be a significant addition to the Board."
Mr. Donahue is currently the Managing Partner and Co-Founder of Black Squirrel Partners, a growth equity and content acquisition platform focused on the consumer/retail, technology and music industry verticals. In 2020, he retired from Morgan Stanley, where he last served as Head of Americas Equity Capital Markets, was a member of the Global Capital Markets Operating Committee and was Chairman of Morgan Stanley's Equity Underwriting Committee.
Well at least they have a new board member that can help in any type of acquisition.. it’s saying the sale may take place in the very first part of 2022 I guess we will see.
- Someone was asking 300,000 barrels in the water and the equity goes up…. Well my thinking is this 300,000 barrels are not on the market less product.
Also the rumor is Martinez facilities has made up to $3 million to $2.5 million “ a day “ in the last two weeks in California and that does not take into account the Rins cost.