Tag: Valero Energy

Valero Energy and AFPM Petition Supreme Court on RFS’ Point of Obligation

Valero Energy and AFPM Petition Supreme Court on RFS’ Point of Obligation

January 5, 2020 |

In Washington, D.C., Valero Energy Corporation and the American Fuel and Petrochemical Manufacturers petitioned the U.S. Supreme Court to look at whether the EPA is following the law by not considering past petitions to change the point of obligation in the RFS. Valero and AFPM wants the EPA to consider requiring fuel blenders to follow […]

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White House brings together oil and biofuel companies—separately—to nail down deal

White House brings together oil and biofuel companies—separately—to nail down deal

September 11, 2019 |

In Washington, Bloomberg reports that the White House is hosting two separate meetings on Wednesday to try to break the oil-biofuel deadlock, with Valero Energy Corp., PBF Energy Inc., Monroe Energy, HollyFrontier Corp., Marathon Petroleum Corp. and Phillips 66 meeting on one side and Archer Daniel Midland, Louis Dreyfus Co., Renewable Biofuels Inc., Ag Processing […]

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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 […]

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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 […]

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