Chemical maker Lyondell Basell Industries (LYB.N) is considering a “very large investment” at the site of its Houston refinery after it permanently stops refining crude oil by the end of 2023, Chief Executive Peter Vanacker said in a conference call on Friday. The investment would be in a technology Lyondell is developing to recycle plastics, Vanacker said during the Friday morning conference call with Wall Street analysts to discuss second-quarter results. “We are making very good progress on our molecular recycling technology,” Vanacker said. “And this site could be a very good fit for us to do very large investments. Nothing has been decided yet. … “But the more we look at it, the more we are inspired … because we have very good equipment that we […]

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