Valero Energy Corp (NYSE:VLO)

Energy

Valero Energy Corp, based in Texas, is engaged in production of essential fuels.

The firm was founded in 1981 as Valero Refining & Marketing Co. It rebranded to the present name in 1997.

The company operates as an independent marketing and petroleum refining company that operates and owns several refineries. The American firm produces distillates, asphalt, conventional gasoline, petrochemicals, lubricants, jet fuels and other energy products. It also offers low-sulfur and ultra-low sulfur diesel fuels as well as oxygenates.

In 1997, the company merged with PG&E Corporation and bought the latter’s refining assets. Furthermore, it acquired three new refineries in Texas, one from Basis Petroleum and one in Louisiana.

The firm is listed on NYSE under ‘VLO’ stock quote.

The American company claims to have 15 refineries in Canada, the United Kingdom, and the United States.

The energy firm’s refining units have a total throughput capacity of around 3.2 million BPD and claims to be the largest independent refiners across the globe.

It distributes, markets, and manufactures transportation petrochemicals and fuel products. The company reportedly uses kernel of corn to produce ethanol, distillers drains, modified or dried; fuel-and feed grade corn oil. It says that the fat, fiber and protein and other solids are an outcome of the fermenting process. This is used as high value feed for swine, poultry and cattle, the American energy firm claims.

In addition to refineries, the company owns and operates 13 ethanol plants. It claims to focus on safety, community, employee, and environment.

The independent refining company operates through various subsidiaries, namely Diamond Green Diesel LLC, Pure Biofuels Del Peru SAC, Ultramar Inc, Diamond Pipelines, Valero Retail Holding Inc, Big Diamond Inc, Sigmor Corp, Parkway Pipelines LLC, Sigmor Number 43 INC, VEC Trust I, Sabine River Holding Corp, and Vera Sun Fort Dodge LLC.

The American energy company enters into long-term relation with suppliers that deals with catalysts, off sit/on site services, equipment, etc. It claims to ship refined energy products across different continents through trucks, pipelines, and rail facilities. In addition, Valero Energy Corp claims to operate through 12,000 leased or owned car rails, which transport finished goods and raw materials.

The rail car supports the firm’s business operations, including liquefied petroleum gas, asphalt, fuel oil, sulfur, aromatics, and various other specialty products. The company ships crude oil from well heads to their storage terminals and refineries for further transporting the finished goods like gasoline through pipeline network.

Contact Information

company address One Valero Way San Antonio, Texas 78249

company phone210-345- 2000

company websitewww.valero.com

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