Lyondell cuts production at Texas refinery after fire

Small fire puts refinery offline; EU clears Basell's buy of Lyondell

By Dave Hannon -- Purchasing, 10/29/2007 5:15:00 PM

Lyondell Chemical said a “brief fire” on Friday has caused the company to cut production rates at its Houston refinery.

Dow Jones News quotes David Harpole, a Lyondell spokesperson as saying the fire was out in five minutes and the refinery will be back up to full capacity in several days.

The news comes only days after the European Union has given the green light for Dutch firm Basell to acquire Lyondell. The EU executive said the companies' activities in the EU "are largely complementary" due to their different production areas. The combined Basell-Lyondell would have annual revenue of more than $34 billion and more than 15,000 employees around the world, the companies said.

The deal was originally announced in July.

Average Rating:

(0)

Rate this:

Talkback

We would love your feedback!

»MORE

Featured Company

Global Data Mining

GDM specializes in global trade data, and helps provide global trade data and enterprise-wide data solutions to help importers and exporters around the world optimize & automate global trade processes.Working closely with the Content Specialists of... more
Aravo

Founded in 2000, Aravo reduces the cost of managing supplier information by up to 72%, according to leading analyst firm AMR. From supplier management to risk management to supply chain sustainability, Aravo's Application Suite solves today's most... more
Expensewatch.com

If you run a business, you have expenses. ExpenseWatch.com empowers you to control them. Purchasing, Expense Reports and AP Invoice Management Modules stand alone and integrate. Subscriptions include implementation, training, support... more
PartMiner WorldWide

PartMiner WorldWide is uniquely positioned to provide an objective, global perspective of the electronic components marketplace. We maintain vast amounts of technical information and gather transactional market intelligence throughout the world... more
Innovative Analytics & Training

Innovative Analytics & Training provides high-quality research and analytic services for corporate and government clients. Innovative Analytics leverages its constant study of analytics in government and commercial settings to promote innovation... more