Search Results for 'valero'

Valero and Darling looking at maybe doubling Diamond Green Diesel production

Valero and Darling looking at maybe doubling Diamond Green Diesel production

November 9, 2017 |

In Texas, Valero Energy Corporation and Darling Ingredients Inc. announced today that in anticipation of growing demand for renewable diesel due to the Renewable Fuel Standard (RFS) and global low carbon markets, the companies will initiate an engineering and construction cost review to analyze an additional project that would grow annual production capacity to 550 […]

Read More

Reuters finds Valero at the heart of push to change RFS point of obligation

Reuters finds Valero at the heart of push to change RFS point of obligation

August 21, 2017 |

In Washington, Reuters has uncovered a behind-the-scenes lobbying campaign led by Valero to build a stable of supporters in its efforts to have the point of obligation under the Renewable Fuel Standard shifted away from refiners in order for the policy move to be seen as more palatable by policymakers. Valero was apparently part of […]

Read More

Valero beats profit estimates despite higher RIN costs and lower ethanol revenues

Valero beats profit estimates despite higher RIN costs and lower ethanol revenues

July 27, 2017 |

In Texas, Valero Energy Corp. still pulled off a quarterly profit despite an increase in RIN spend during Q2 that contributed to $255 million in blending costs from $173 million last year and lower ethanol revenues at just $31 million from $69 million last year. The increased profit was a result of higher throughput at […]

Read More

Valero says RINs still weighing on its results despite lower prices

Valero says RINs still weighing on its results despite lower prices

April 26, 2017 |

In Texas, Valero says that RIN costs will weigh on its Q2 results as it did on its Q1 results despite RIN prices falling relative to last year. Q1 RINs cost $15 million less than last year at $146 million. Though prices are lower, the company is keeping its initial guidance on 2017 RIN costs […]

Read More

Port of Indiana to see more ethanol shipments as Valero finalizes upgrades

Port of Indiana to see more ethanol shipments as Valero finalizes upgrades

February 14, 2017 |

In Indiana, the Mount Vernon port is expecting to see ethanol shipments become even more important to its volume throughput once Valero’s new corn receiving equipment and a new DDG dryer system multi-million dollar upgrade is complete. The port saw its quarterly throughput volume record smashed during the fourth quarter at nearly 2.5 million tons, […]

Read More

Valero’s Q4 results saved by profits from ethanol unit

Valero’s Q4 results saved by profits from ethanol unit

January 31, 2017 |

In Texas, operating profits of $126 million from its ethanol unit during the fourth quarter, up from a loss of $13 million the previous year, helped Valero to offset losses at its refining unit thanks to higher crushing margins and low corn prices. Refining margins fell by more than $2.50 a barrel between Q4 2015 […]

Read More

Valero Energy cuts costs by $2 billion while complaining of biofuel blending costs of $198 million

Valero Energy cuts costs by $2 billion while complaining of biofuel blending costs of $198 million

October 25, 2016 |

In Texas, Valero Energy said during its third quarter financial reporting that costs and expenses fell 8%, about $2 billion, despite its biofuel blending costs doubling to $198 million. For the full year, the company expects costs to be between $750 million and $850 million, unchanged from its last estimate. High fuel inventories are squeezing […]

Read More

Strategic Intent: The Digest’s 2016 Multi-Slide Guide to Valero, Volvo

Strategic Intent: The Digest’s 2016 Multi-Slide Guide to Valero, Volvo

September 29, 2016 |

This season, The Digest is hosting the Strategic Intent webinar series, looking at the plans, progress and future milestones of strategic stakeholders in the Advanced Bioeconomy. In this slide deck, we looked at Valero and Volvo and their direct investments, partnerships and alliances with companies both heralded and unknown.

Read More

Valero says RFS compliance costs are soaring; renewable industry snaps back “poor capacity planning”

Valero says RFS compliance costs are soaring; renewable industry snaps back “poor capacity planning”

July 31, 2016 |

In Texas, Reuters is reporting that “Valero Energy expects to get hit with a half-billion-dollar bill in the second half of the year” and the news agency attributed the costs to “the rising cost of meeting government mandates to blend biofuels.” The newsgroup reports that Valero’s cost to utilize mandated renewable fuels will rise to […]

Read More

Valero’s Q2 RIN spend triples while 2016 buy likely to nearly double

Valero’s Q2 RIN spend triples while 2016 buy likely to nearly double

July 26, 2016 |

In Texas, Valero’s RIN spend more than tripled during the second quarter $173 million, pressuring already thin margins during the reporting period. The company expects its RIN purchases to reach as high as $850 million this year compared to $440 million in 2015. But despite tough times, the oil major still managed to rake in […]

Read More