Tag: valero

Valero approves expansion of Diamond Green Diesel to 675 million gallons per year

Valero approves expansion of Diamond Green Diesel to 675 million gallons per year

November 6, 2018 |

In Texas, Valero Energy Corporation announced that its Board of Directors approved a project to expand the Diamond Green Diesel plant in Norco, LA, to 675 million gallons per year renewable diesel production capacity. With low carbon mandates in North America and Europe projected to continue driving strong demand and premium pricing for renewable diesel, […]

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For the times they are a changin’ – Conversions abound from diesel to renewable diesel

For the times they are a changin’ – Conversions abound from diesel to renewable diesel

November 4, 2018 |

The seasons are changing in many parts of the world right now, but what really is changing this autumn is how the world is looking at renewable diesel. Phillips 66 and REG’s announcement about a new renewable diesel plant on the U.S. West Coast planned for 2021 comes after a notable increase in refineries that […]

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Valero sees giant drop in 2018 RIN spend

Valero sees giant drop in 2018 RIN spend

October 25, 2018 |

In Texas, Reuters reports that Valero expects to pay between 40% and 50% of what it did last year for its RIN obligations, somewhere between $450 million and $550 million compared to its 2017 RIN spend of $975 million. RIN prices have collapsed this year in response to expectations that the Renewable Fuels Standard would […]

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Valero buys Pure Biofuels Del Peru from Pegasus Capital and other shareholders for cash

Valero buys Pure Biofuels Del Peru from Pegasus Capital and other shareholders for cash

May 14, 2018 |

In New York, Pegasus Capital Advisors, Company Management and minority shareholders have sold their equity interests in Pure Biofuels Del Peru, SAC to a subsidiary of Valero Energy Corporation. PBF, as the third largest fuels importer in Peru, maintains a leading supply platform with a base of over 500 customers, including retailers, miners, and airlines. […]

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Second White House meeting this month for biofuels industry reps

Second White House meeting this month for biofuels industry reps

March 11, 2018 |

In Washington, DC another meeting is scheduled for today, Monday, at The White House to talk about the future of biofuels policy. The meeting will include biofuels leaders Poet CEO Jeff Broin and Green Plains CEO Todd Becker, as well as oil representatives, Valero CEO Joe Gorder, and Monroe Energy CEO Jeff Warmann. President Trump […]

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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 […]

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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 […]

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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.

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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 […]

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Valero wants EPA to put RFS compliance burden on retailers instead

Valero wants EPA to put RFS compliance burden on retailers instead

June 14, 2016 |

In Washington, Valero has petitioned the Environmental Protection Agency to require rack sellers be the compliant party for blending biofuels under the Renewable Energy Directive. Doing so would reduce the economic burden on refiners. The company sought to get the change made via the courts in February in two separate cases but has now gone […]

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