Valero

Valero is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products. The company is based in San Antonio and has regional headquarters in Montreal, London, Mexico City and Lima. Valero’s shares trade on the New York Stock Exchange under the symbol VLO.

The company structures its operations under three segments:

• Refining, which comprises 15 refineries in the USA, Canada and the UK with 3.2 million bpd of throughput capacity
  Renewable Diesel. Valero is a joint venture partner in Diamond
• Green Diesel Holdings (DGD), which owns renewable diesel plants in the US Gulf Coast region with a combined production capacity of approximately 4.5 billion litres per year. This division also includes Valero’s activities related to the production and marketing of renewable naphtha.
• Ethanol, which comprises 12 ethanol plants in the USA with a combined production capacity of approximately 6.1 billion litres per year.

Crude oil and other feedstock for Valero’s refineries is sourced directly or indirectly from various US and international oil companies. Valero sells its product in bulk to customers such as railroads, airlines and utilities, or to wholesalers, distributors and retailers. Most rack volumes are sold through unbranded channels, but the company also has a network of about 7,000 branded outlets.

Valero produces renewable diesel and naphtha through DGD from waste and renewable feedstocks and sells it in domestic and international markets, primarily to be blended with petroleum-based diesel and gasoline.

The company’s ethanol business operates dry mill facilities that process corn sourced primarily from local farmers and commercial elevators to produce ethanol and various co-products, including livestock feed and inedible corn oils. The company’s ethanol output is sold mainly to be blended into gasoline.

Valero owns substantial logistics assets to support its refining and renewables operations. They include:

• More than 4,800 kilometres of active pipelines
• More than 200 truck rack bays
• 5,250 purchased railcars
• Two Panamax class vessels
• More than 50 docks
• Around 130 million barrels of storage capacity for crude oil and products

Company website: www.valero.com