Valero Q2 earnings show renewable diesel lead on operating income generation

August 5, 2020 |

In Texas, Seeking Alpha reports that Valero’s most recent Q2 earnings show that renewable diesel has surpassed refining and ethanol as the primary source of operating income. The other two segments suffered severe losses due to the impacts of the COVID-19 pandemic. The company expects renewable diesel margins to remain about $2 per gallon throughout the rest of the year rather than the negative and barely positive margins ethanol has seen since the pandemic began, for example.

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Category: Fuels

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