Valero 2003 Annual Report Download - page 22

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19
top฀safety฀&฀environmental฀record
Under the leadership of President Greg King, Valero’s commitment to the environment and
safety continued to set even higher industry standards. Outpacing many reners in the
production of clean products, Valero also has more OSHA-certied VPP Star Sites than
any other rener.
With฀an฀unwavering฀commitment฀to฀safety฀and฀environmental฀excellence,฀Valero฀is฀a฀step฀ahead฀of฀
other฀reners.฀
In฀2003,฀Valero฀achieved฀the฀best฀safety฀record฀in฀the฀company’s฀history.฀Its฀rening฀system฀reduced฀
the฀total฀recordable฀injury฀rate฀from฀1.48฀to฀.95,฀which฀is฀twice฀as฀good฀as฀the฀three-year฀industry฀
average฀of฀2.3.฀Valero฀also฀recorded฀a฀lost-time฀incident฀rate฀of฀.22,฀which฀is฀more฀than฀three฀times฀
better฀than฀the฀three-year฀industry฀average฀of฀.7.฀
Valero฀has฀ve฀reneries฀that฀have฀earned฀Star฀Site฀status฀in฀OSHA’s฀Voluntary฀Protection฀Program฀
(VPP).฀The฀VPP฀safety฀requirements฀are฀so฀demanding฀and฀the฀certication฀process฀so฀complex,฀that฀
of฀the฀149฀reneries฀in฀the฀U.S.,฀only฀16฀have฀achieved฀this฀prestigious฀designation.
A฀leader฀in฀environmental฀excellence,฀Valero฀has฀spent฀approximately฀$700฀million฀on฀environmental฀
capital฀projects฀during฀the฀past฀two฀years฀alone฀and฀plans฀to฀spend฀approximately฀$1.75฀billion฀more฀
over฀the฀next฀ve฀years.฀฀Valero฀has฀installed฀new,฀state-of-the-art฀scrubbers฀at฀three฀of฀its฀reneries,฀
with฀work฀underway฀at฀four฀others,฀which฀will฀reduce฀sulfur฀dioxide฀emissions฀by฀over฀93%.฀The฀
company฀has฀also฀committed฀to฀make฀environmental฀upgrades฀in฀Aruba,฀including฀a฀new฀sulfur฀plant฀
that฀will฀reduce฀sulfur฀emissions฀by฀80%.
In฀ addition,฀ the฀ company฀ is฀ currently฀ implementing฀ the฀ latest฀ control฀ technology฀ to฀ improve฀
combustion฀ efciency฀ at฀ several฀ reneries,฀ a฀ process฀ that฀ reduces฀ carbon฀ dioxide฀ emissions.฀ By฀
improving฀ operational฀ reliability฀ and฀ making฀ other฀ improvements,฀ Valero฀ expects฀ to฀ reduce฀
greenhouse฀gases฀by฀approximately฀1.8฀million฀tons฀per฀year฀during฀the฀next฀ve฀years.฀฀฀
Not฀only฀do฀these฀programs฀make฀Valero฀a฀better฀neighbor,฀they฀make฀it฀a฀better฀company!