In Iowa, Summit Carbon Solutions announced that Valero, the world’s second-largest corn ethanol producer and a leader in low-carbon transportation fuels production, will be a shipper on Summit’s pipeline, as part of the largest proposed carbon capture and storage project in the world. This collaboration underscores a commitment to reliable energy, growing markets for Midwest […]
In Texas, Darling Ingredients Inc. and Valero Energy Corporation announced they have made the final investment decision on a Sustainable Aviation Fuel (SAF) project at the Diamond Green Diesel (DGD) Port Arthur plant, which is owned and operated by Diamond Green Diesel Holdings LLC, a 50/50 joint venture between Valero and Darling. Upon completion of […]
Valero and Darling Ingredients are the parent companies of the Diamond Green Diesel renewable diesel joint venture so today we look at both companies – first here at Valero and their renewable diesel (world’s 2nd largest renewable diesel producer) and ethanol (world’s 2nd largest corn ethanol producer). In this detailed slide guide, all the latest […]
In Texas, Reuters reports that Valero says the $1.25 to $1.75 per gallon tax incentives proposed to boost sustainable aviation fuel production under the Build Back Better bill isn’t enough to get the company to convert to SAF from renewable diesel production. The bill aims to support SAF production in order to achieve 20% lower […]
In Texas, My San Antonio reports that Valero has decided to “go all in” on renewable diesel, similar to other major oil refiners across the US, but the company already started conversions several years ago and began to truly reap rewards during the COVID-19 pandemic when others were suffering from lack of demand. With its […]
In Texas, Valero Energy Corporation and BlackRock Global Energy & Power Infrastructure Fund III are partnering with Navigator Energy Services to develop an industrial scale carbon capture pipeline system. The initial phase is expected to span more than 1,200 miles of new carbon dioxide gathering and transportation pipelines across five Midwest states with the capability […]
In Texas, Sundive Commodity Group, the company sued by Valero and allegedly others for failure to provide RINs despite contracts to do so which led to Valero spending more than $10 million extra to comply with its 2020 obligations, has filed for Chapter 11 bankruptcy protection in Bankruptcy Court for the Southern District of Texas. […]
In Texas, DTN reported more details regarding Valero’s lawsuit against Sundive for failing to provide the 106 million RINs contracted for the Q4 2020 compliance period. Sundive’s failure to provide the RINs forced Valero into the open market to buy the required RINs, unnecessarily costing the company $10.1 million. Sundive said it was having difficulties […]
In Texas, Reuters reports that RIN prices have soared yet again, this time following a lawsuit filed by Valero against Sundive accusing the latter of failing to provide its required Q4 RINs on time, leading to an additional $10 million in costs. The lawsuit was filed on December 31, 2020 in a Texas district court. […]
In Texas, Barron’s reports that Valero’s bet on renewable diesel has paid off, with the success at Diamond Green Diesel helping to offset the otherwise dismal quarterly reporting. Not only did the company sell 870,000 gallons per day of renewable diesel during Q3 compared to just 232,000 gallons during the same period last year, but […]
