Valero 2013 Annual Report Download - page 7

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2013 SUMMARY ANNUAL REPORT 2013 SUMMARY ANNUAL REPORT
Since its founding in 1980, Valero has grown to be
one of the world’s leading refiners, marketers and
corporate citizens. Valero is a company that takes
pride in making products that improve people’s
lives.
As a Fortune 50 company based in San Antonio,
Texas, USA, Valero is an international manufacturer
and marketer of transportation fuels, petrochemical
products and power.
It is the world’s largest independent petroleum
refiner, with assets that include 16 refineries
with a combined throughput capacity of 3 million
barrels per day, and a vast network of pipelines
and terminals. The refineries are geographically
diverse, with locations along the United States
Gulf and West coasts, and in the Mid-Continent,
as well as in Canada and the United Kingdom.
Our diversity allows us to react quickly to shifts
and regional differences in the marketplace. For
example, our Gulf Coast refineries are located in a
key U.S. refining region, with large, complex plants
that can readily serve export markets.
Valero owns and operates some of the most
complex refineries in the industry, efficiently
processing lower-cost crude oil and other
feedstocks into high-value fuels, including diesel,
gasoline, jet fuel and specialty products such as
asphalt, propane and natural gas liquids.
Valero also is a major fuel wholesaler, with about
7,400 branded wholesale outlets under the Valero,
Diamond Shamrock, Shamrock and Beacon brands
in the U.S. and the Caribbean; Ultramar in Canada;
and Texaco in the U.K. and Ireland.
Valero additionally owns the general partner of
Valero Energy Partners LP, a midstream master
limited partnership.
Through its Valero Renewables subsidiary, Valero
was the first traditional petroleum refiner to enter
large-scale ethanol production and has 11 state-
of-the-art plants, with total production capacity of
1.3 billion gallons per year – making Valero one
of the largest ethanol producers in the U.S. Under
Sunray Wind, Valero operates a 50-megawatt
wind farm that produces electricity for its McKee
Refinery and a local utility. With Diamond Green
Diesel, Valero subsidiary Diamond Alternative
Energy LLC is a joint-venture partner with Darling
International Inc. in a 10,000 barrel-per-day
renewable diesel plant next to the Valero St.
Charles Refinery in Norco, La., processing recycled
animal fat and cooking oil into “green” diesel fuel.
From corn ethanol to wind electrical power to
emerging biofuels processes, Valero is positioned
for the next generation of energy production.
Safety is Valero’s highest priority, with
very committed efforts under way in both
occupational and process safety. The company
also demonstrates its commitment to all of its
communities through a variety of philanthropic
efforts, volunteer activities and educational support
programs. Valero is committed to its employees,
providing a safe work environment, competitive
pay and benefits and opportunities for career
advancement. Valero consistently has been
recognized as one of the world’s most-admired
refiners and marketers.
Valero strives every day for excellence. From
performing at the highest levels across its refining,
marketing and logistics systems to taking a
leadership role in communities through company
support and volunteerism, Valero is world-class.
A Look at Our
Company
BRANDED
WHOLESALE
OUTLETS
7,400
BARRELS PER DAY
THROUGHPUT
CAPACITY
3
MILLION
GALLONS PER
YEAR OF ETHANOL
PRODUCTION
CAPACITY
1.3
BILLION