Valero Energy- The Second-largest U.S. Refiner to Reduce Operating Capacity

August 02, 2020 12:00 AM AEST | By Team Kalkine Media

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Valero Energy Corp- an independent and second-largest U.S. refiner to operate its 15 refineries at 79 per cent of combined throughput capacity of 3.15 million barrels per day during the third quarter of the year 2020.

The Company suggested that its eight Gulf Coast refineries would operate in the range of 1.40 to 1.45 million barrels per day in Q3CY2020, in the wake of reduced demand for refined products.
However, the refiner anticipates the demand to surge to match the pre-crisis level sometime in 2021.

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