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LyondellBasell to Sell Refinery in France

1:06 PM MDT | June 9, 2011 | Kerri Walsh

LyondellBasell intends to find a buyer for its refinery at Berre, France. The refinery, which was acquired from Shell in 2008, "has not fulfilled economic  projections made at the time of the acquisition," LyondellBasell says.  The Berre site also has a steam cracker and world-scale polypropylene and polyethylene plants that are owned and operated by a subsidiary of LyondellBasell.  LyondellBasell says it does not plan to sell the olefins and polyolefins units at Berre.  The refinery has capacity for 105,000 bbl/day...

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