secwatch.observer — SEC 8-K summary
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Issuer:     LyondellBasell Industries N.V. (LYB)
CIK:        0001489393
Form:       8-K
Filed at:   2022-04-21T23:59:59+00:00
Accession:  0001489393-22-000014
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 2.05, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1489393/000148939322000014/0001489393-22-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1489393/000148939322000014/lyb-20220421.htm
  HTML page:      https://secwatch.observer/filing/0001489393-22-000014

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