---
schema_version: "secwatch.filing_event.v1"
accession: "0001489393-22-000014"
form_type: "8-K"
ticker: "LYB"
cik: "0001489393"
company_name: "LyondellBasell Industries N.V."
filed_at: "2022-04-21T23:59:59+00:00"
generated_at: "2026-06-26T05:41:48.721308+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# LyondellBasell to exit refining, shut Houston Refinery by end of 2023; charges up to $870M

## Summary
- Plan to cease Houston Refinery (268k bpd capacity) operations no later than Dec 31, 2023.
- Expected total charges: $300–400M lease amortization, $150–250M decommissioning, $80–120M personnel, $50–100M other.
- Charges will be recognized over time into 2024; actual timing and costs may differ materially.
- Company will continue serving fuels market near-term and consider alternatives for the site.
- Decision advances decarbonization goals and provides options for circularity strategy.

## SEC filing metadata
- accession: 0001489393-22-000014
- form_type: 8-K
- ticker: LYB
- cik: 0001489393
- company_name: LyondellBasell Industries N.V.
- filed_at: 2022-04-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1489393/000148939322000014/0001489393-22-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1489393/000148939322000014/lyb-20220421.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001489393-22-000014
- JSON: https://secwatch.observer/filing/0001489393-22-000014.json
- Plain text: https://secwatch.observer/filing/0001489393-22-000014.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.