VALERO ENERGY CORP
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Valero Energy Corporation is a publicly quoted company engaged in refinery and retailing operations. The company was formed in 1980 as a spin-off from the Coastal States Gas Corporation. The registered headquarters of the company is located in San Antonio, United States of America.
Valero Energy is the largest refiner in North America with 18 refineries located in the United States, Canada and the Caribbean, producing approximately 3.1 million barrels per day. The company is also one of the nation’s largest retailers with approximately 5,800 retail and wholesale stores in the United States, Canada and the Caribbean.
Valero Energy operates in two business segments: refining, which operates in refining activities, wholesale marketing, product supply and distribution as well as transportation operations; and retailing, which operates in the retail of gasoline brands including Valero, Diamond Shamrock, Shamrock, Ultramar, and Beacon.
The company produces refined products such as reformulated gasoline, diesel fuel, low-sulfur diesel fuel, and oxygenates, as well as conventional gasoline, distillates, jet fuel, asphalt, petrochemicals, lubricant and other related products.
Valero Energy has refineries in Ardmore, Aruba, Benicia, Corpus Christie, Delaware City, Houston, Jean Gaulin, Krotz Springs, McKee, Memphis, Paulsboro, Port Arthur, St. Charles, Texas City, Three Rivers and Wilmington.
Valero Energy Corporation (Valero) owns 15 refineries located in the United States, Canada and Aruba. The Company’s refineries can produce conventional gasolines, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products, as well as a slate of products, including conventional blendstock for oxygenate blending (CBOB) and reformulated gasoline blendstock for oxygenate blending (RBOB). Valero markets branded and unbranded refined products on a wholesale basis in the United States and Canada through an extensive bulk and rack marketing network. It also sells refined products through a network of about 5,800 retail and wholesale branded outlets in the United States, Canada and Aruba. It also owns 10 ethanol plants located in the Midwest with a combined ethanol production capacity of about 1.1 billion gallons per year. The Company operates in three segments: refining, ethanol and retail.
Description and history
Valero Energy Corporation (Valero), incorporated in 1981, owns 15 refineries located in the United States, Canada and Aruba. The Company’s refineries can produce conventional gasolines, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products, as well as a slate of products, including conventional blendstock for oxygenate blending (CBOB) and reformulated gasoline blendstock for oxygenate blending (RBOB). Valero markets branded and unbranded refined products on a wholesale basis in the United States and Canada through an extensive bulk and rack marketing network. It also sells refined products through a network of about 5,800 retail and wholesale branded outlets in the United States, Canada and Aruba. It also owns 10 ethanol plants located in the Midwest with a combined ethanol production capacity of about 1.1 billion gallons per year. The Company operates in three segments: refining, ethanol and retail.
In January 2010, the Company acquired two ethanol plants from ASA Ethanol Holdings, LLC. The plants are located in Linden, Indiana and Bloomingburg, Ohio. On February 4, 2010, it acquired an additional ethanol plant located near Jefferson, Wisconsin from Renew Energy LLC. On May 8, 2009, it acquired ethanol plants in Albert City, Iowa and Albion, Nebraska.
Valero’s refining segment includes refining operations, wholesale marketing, product supply and distribution, and transportation operations. The refining segment is segregated geographically into the Gulf Coast, Mid-Continent, West Coast and Northeast regions. Its ethanol segment includes sales of internally produced ethanol and distillers grains. Its ethanol operations are geographically located in the central plains region of the United States. Its retail segment includes company-operated convenience stores, Canadian dealers/jobbers, truckstop facilities, cardlock facilities, and home heating oil operations.
During the year ended December 31, 2009, the Company’s refining operations included 15 refineries in the United States, Canada and Aruba with a combined total throughput capacity of approximately 2.8 million barrels per day (BPD). Its Corpus Christi East and West Refineries are located on the Texas Gulf Coast along the Corpus Christi Ship Channel. The West Refinery specializes in processing primarily sour crude oil and resid into products, such as RBOB. The East Refinery processes heavy, high-sulfur crude oil into gasoline, diesel, jet fuel, asphalt, aromatics and other light products. Valero’s Port Arthur Refinery is located on the Texas Gulf Coast approximately 90 miles east of Houston. The refinery processes primarily heavy sour crude oils and other feedstocks into gasoline and RBOB, as well as diesel, jet fuel, petrochemicals, petroleum coke and sulfur.
The Company’s St. Charles Refinery is located approximately 15 miles from New Orleans along the Mississippi River. The refinery processes sour crude oils and other feedstocks into gasoline, distillates and other light products. Its Texas City Refinery is located southeast of Houston on the Texas City Ship Channel. Its Houston Refinery is located on the Houston Ship Channel. The Company’s Three Rivers Refinery is located in South Texas between Corpus Christi and San Antonio. It processes primarily heavy sweet and medium sour crude oils into gasoline, distillates, and aromatics. Its Aruba Refinery is located on the island of Aruba in the Caribbean Sea.
The Company’s Benicia Refinery is located northeast of San Francisco on the Carquinez Straits of San Francisco Bay. Its Wilmington Refinery is located near Los Angeles, California. The Company’s Memphis Refinery is located in Tennessee along the Mississippi River’s Lake McKellar. It processes primarily light sweet crude oils. Its McKee Refinery is located in the Texas Panhandle. Its Ardmore Refinery is located in Ardmore, Oklahoma, approximately 100 miles south of Oklahoma City. Its Quebec City Refinery is located in Levis, Canada (near Quebec City). Its Paulsboro Refinery is located in Paulsboro, New Jersey, approximately 15 miles south of Philadelphia on the Delaware River.
The Company’s refining segment includes sales of refined products in both the wholesale rack and bulk markets. These sales include refined products that are manufactured in its refining operations, as well as refined products purchased or received on exchange from third parties. For wholesale branded sites, it promotes its Valero brand throughout the United States. In addition, it offers the Beacon brand in California and the Shamrock brand elsewhere in the United States. Its bulk sales are made to various oil companies and traders, as well as certain bulk end users, such as railroads, airlines and utilities. Its bulk sales are transported primarily by pipeline, barges, and tankers to major tank farms and trading hubs. The Company’s specialty products include asphalt, lube oils, natural gas liquids (NGLs), petroleum coke, petrochemicals and sulfur.
The Company owns 10 ethanol plants in the Midwest with a combined ethanol production capacity of about 1.1 billion gallons per year. Its ethanol plants are dry mill facilities that process corn to produce ethanol and distillers grains. It sources its corn supply from local farmers and commercial elevators. The Company’s facilities receive corn by rail and by truck. The Company sell its ethanol to refiners and gasoline blenders, and in bulk markets, such as New York, Chicago, Dallas and the West Coast. It also uses its ethanol for its own needs in blending gasoline. The Company ships its dry distillers grains (DDG) by truck or rail primarily to animal feed customers in the United States and Mexico, with some sales into the Far East. It also sells modified distillers grains locally at its plant sites.
The Company’s retail segment operations include sales of transportation fuels at retail stores and unattended self-service cardlocks, sales of convenience store merchandise and services in retail stores, and sales of home heating oil to residential customers. In addition to transportation fuels, its company-operated convenience stores sell snacks, candy, beer, fast foods, cigarettes and fountain drinks. Its stores also offer services, such as automated teller machine (ATM) access, car wash facilities, money orders, lottery tickets and video rentals. On December 31, 2009, it had 991 company-operated sites in Retail – U.S. (of which 79% were owned and 21% were leased). Its company-operated stores are operated primarily under the brand name Corner Store. Transportation fuels sold in its Retail – U.S. stores are sold primarily under the Valero brand. Transportation fuels are sold under the Ultramar brand through a network of 824 outlets throughout eastern Canada. On December 31, 2009, it owned or leased 396 retail stores in Retail – Canada and distributed gasoline to 428 dealers and independent jobbers. In addition, Retail – Canada operates 83 cardlocks, which are card- or key-activated, self-service, unattended stations that allow commercial, trucking, and governmental fleets to buy transportation fuel 24 hours a day.
formed as a spin-off from the Coastal States Gas Corporation
Refinery and retailing operations
AGENCE DE PЙTROLIERS OCЙANIQUES LTЙE
US SIC Code
1, Valero Place
City province or state postal code
78249, SAN ANTONIO, TX
Phone: +1 210 370 2000
Fax: +1 210 345 2646
Country address: UNITED STATES OF AMERICA
Website url: www.valero.com