Valero Refining-Texas LP has agreed to purchase a closed refinery site in Houston from LyondellBasell. The deal includes the refinery and an adjacent 700-acre plot of land for 320.5 million dollars. Valero plans to restart processing operations at the facility. The goal is to reach a capacity of 165,000 barrels per day of light sweet crude. This restart is targeted for completion by the end of 2027.