The U.S. refining sector was battered in 2020 by lockdowns and travel restrictions, pushing the San Antonio–based refiner to a $1.4 billion loss. That compares with 2019’s $2.4 billion profit. One saving grace came from Valero’s renewable fuels business, which capitalized on the push for low-carbon alternatives to fossil fuels. The company now expects to invest half of its growth capital in renewable diesel. As part of its expansion, last year Valero approved a new diesel plant that is expected to begin operations in 2023.
Lists ranking Valero Energy
Latest news for Valero Energy
- LeadershipDakota Protesters Regroup, Plot Resistance to Other PipelinesFebruary 25, 2017 3:16 PM UTC
- LeadershipTexas City Lifts Tap Water Ban After Chemical Spill FearDecember 18, 2016 8:14 PM UTC
- Energy Transfer Has Held Talks to Sell SunocoMarch 13, 2016 8:02 PM UTC