LyondellBasell said on September 8, 2021 that it was considering strategic options for its Gulf Coast-based Houston refinery, including a potential sale. “While the Houston Refinery is a valuable, well-performing asset, we have long held the belief that it may be even more valuable as part of a larger refining system,” Chief Executive Officer Bob Patel said. LyondellBasell said in a statement it cannot provide assurances regarding the outcome or timing of the review process. Bank of America is acting as a financial adviser to LyondellBasell and Vinson & Elkins the legal counsel for the process.