Search Results for 'valero'

Valero sees better ethanol margins ahead in Q2

Valero sees better ethanol margins ahead in Q2

May 5, 2016 |

In Texas, Valero reported that it expects ethanol margins to improve during the second quarter after having fallen to 35 cents per gallon during Q1, down from 43 cents during Q1 2015. The lower margins cut Q1 adjusted operating income for the ethanol segment to $9 million compared to $12 million the year prior. Hopes […]

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Valero jumps on the bandwagon and sues the EPA as well

Valero jumps on the bandwagon and sues the EPA as well

February 15, 2016 |

In Washington, Valero has followed suit by filing suit against the Environmental Protection Agency in the U.S. Court of Appeals saying the RFS unfairly favors some oil refiners while punishing others. In a separate filing, the company also sought the blending mandates for 2007 and 2010 be reopened and revisited. With the EPA using a […]

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Cheap oil not enough to save Valero from weak ethanol margins

Cheap oil not enough to save Valero from weak ethanol margins

January 28, 2016 |

In Texas, Valero has been hit hard by weakening ethanol margins with its ethanol segment’s operating profit slipping to $37 million during the fourth quarter from $154 million the year previously. With its refining margins holding flat, the weaker ethanol margins had a strong impact on the overall business with overall earnings down 74% at […]

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Valero keeping an eye out for ethanol acquisitions as crush margins begin to shrink

Valero keeping an eye out for ethanol acquisitions as crush margins begin to shrink

September 10, 2015 |

In Texas, Valero is on the hunt for acquisitions, not only in the refining space but also in biofuels. The company’s biofuels assets performed well last year but now that a bumper corn crop is expected, mixed with poor blending economics due to low gasoline prices, some ethanol producers may find themselves in a pinch […]

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Valero ramping up to export ethanol for first time

Valero ramping up to export ethanol for first time

July 14, 2015 |

In Texas, Valero is looking to export ethanol for the first time, leasing storage space at St. Rose, Louisiana in preparation for exports to Asia and Brazil. The company allegedly already began thinking about exports when it bought and revived a 110-million-gallon plant in Mount Vernon, Indiana, last year from Aventine.

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Valero’s ethanol production soars but financially takes it in the teeth

Valero’s ethanol production soars but financially takes it in the teeth

May 5, 2015 |

In Texas, Valero says it boosted its ethanol production during the first quarter of 2015 to 3.8 million gallons per day, up 681,000 gallons per day compared to the same period in 2014, yet doing so had a negative impact on its margins—just $12 million of operating income for its ethanol segment compared to $243 […]

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Second Valero plants catches fire

Second Valero plants catches fire

October 13, 2014 |

In Indiana, the second Valero ethanol plant in a week has caught fire. The facility located in Montgomery County has suffered major damage to the western section of the plant where the dryer area apparently caught fire. It took firefighters five hours to put out all of the hotspots. No injuries were recorded.

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Fire breaks out at Valero ethanol plant in Ohio

Fire breaks out at Valero ethanol plant in Ohio

October 7, 2014 |

In Ohio, a fire broke out on Monday afternoon in a silo located at the Valero ethanol plant in Bloomingburg. Several nearby homes within a 1,500 foot radius of the plant were evacuated. The company was flying up experts from Texas in a private jet to investigate the situation. Local firefighters weren’t sure about the […]

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Valero restarts Indiana ethanol plant production

Valero restarts Indiana ethanol plant production

August 28, 2014 |

In Indiana, Valero Energy has restarted production at its ethanol plant in Indiana, shuttered more than two years ago. Valero purchased the plant in March from Illinois-based Aventine Renewable Energy for $34 million. The plant is expected to raise Valero’s ethanol production to 1.3 billion gallons annually, setting it up third in ethanol production behind […]

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Valero to bring back online 110 million gallon Indian ethanol plant

Valero to bring back online 110 million gallon Indian ethanol plant

August 4, 2014 |

In Indiana, Valero is bringing back online the 110 million gallon ethanol facility in Mt. Vernon. It’s the largest corn ethanol plant not currently operating in the US. Currently it is receiving corn and hopes to start crushing in September. Ethanol production should begin before the end of September. The facility has been mothballed for about […]

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